Adoption of Blockchain technology in food supply chain management

Abstract

<p>Blockchain, in general, used as a synonym for Bitcoin is more than that. Recently, Blockchain is expanding its application in various segments other than cryptocurrency, and Supply Chain is major among them. Introducing Blockchain in Food Supply Chain enhances building trust among stakeholders and consumers.</p> <p>With all the opportunities enabled by Blockchain, many companies are still skeptical about its adoption. This research aims at addressing the factors affecting the adoption of Blockchain by a firm in the Food Supply Chain industry. The factors viz. size of the firm, IT investment, number of stakeholders within the supply chain, and perception of risk of early adoption are the independent variables, and the adoption of Blockchain is the dependent variable. In later sections, Blockchain and its current and potential applications in the food industry are discussed in detail, followed by proposing the expected relation between these independent and dependent variables. A survey should be further conducted to test and examine the correlations statistically.</p>