An ISM Modelling of Success Factors for Blockchain Adoption in a Cyber Secure Supply Chain

Niloofar Etemadi*, Fernanda Strozzi, Pieter Van Gelder, Tahereh Etemadi

*Corresponding author for this work

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

Abstract

The main purpose of this paper is to identify and rank the factors affecting the implementation of blockchain technology as a key component of cyber supply chain risk management (CSCRM). This paper adopted a comprehensive literature review and the opinion of experts with knowledge of blockchain to identify success factors for blockchain adoption in a CSCRM. The seven factors identified were modeled using an "Interpretive Structural Modelling (ISM)"in the structure of a hierarchical model to envision the contextual relationship amongst identified success factors (SFs) for blockchain adoption in a cyber-secure supply chain. Using the MICMAC approach, the influential factors were clustered according to their driving and dependence powers. Findings from the study suggest, "Supporting platforms and tools"and "Interoperability & Standardization"are the two factors at the top level of the hierarchy, implying weak driving power but strongly dependent on the other factors. It is also observed that "Clarity regulatory provisions"and "Organizational culture and top management support"are significant adoption success factors of blockchain in cyber supply chain risk management and were placed at the bottom level of the hierarchy with higher driving power.
Original languageEnglish
Title of host publication2021 4th International Conference on Computers in Management and Business, ICCMB 2021
Place of PublicationNew York, NY, USA
PublisherAssociation for Computing Machinery (ACM)
Pages65-72
Number of pages8
ISBN (Electronic)9781450388610
DOIs
Publication statusPublished - 2021
Event4th International Conference on Computers in Management and Business, ICCMB 2021 - Singapore, Singapore
Duration: 30 Jan 20211 Feb 2021

Publication series

NameACM International Conference Proceeding Series

Conference

Conference4th International Conference on Computers in Management and Business, ICCMB 2021
CountrySingapore
CitySingapore
Period30/01/211/02/21

Keywords

  • Blockchain technology
  • cyber supply chain risk management
  • ISM
  • MICMAC

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