The Role of Blockchain Technology in Enhancing Security Management in the Supply Chain
Date
2022
Authors
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Publisher
Springer Science and Business Media Deutschland GmbH
Abstract
This study aims to analyze the role of blockchain technology in enhancing security management in supply-chain management. The information was collected from various sources, organized into two sets of variables for privacy and security cases, and analyzed using EViews software. Data analysis was done by performing three tests: correlation, cross-correlation, and Granger’s causality test. The findings revealed a correlation between the use of blockchain technology in the supply chain and security and privacy complaints among organizations and individuals. It also revealed a unidirectional causality between security concerns and the degree of application of blockchain technology in the supply chain. The paper represents one of the very few empirical studies that have been done about the subject. The paper is expected to change the public’s understanding of blockchain technology related to security and privacy, two of the essential aspects of supply-chain management in contemporary corporate society. The main limitation of this study comes in the form of a lack of readily available data. Several data sources had to be used, including existing literature and statistics from reputed sites like Statista, to ensure sufficient information was collected to facilitate the study’s key objectives successfully. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Description
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Book chapter
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Keywords
Blockchain, Correlation, Cross-correlation, Granger’s causality, Quantitative design, Supply chain
Citation
Chabani, Z. & Chabani, W. (2022). The role of blockchain technology in enhancing security management in the supply chain. In Y. Maleh, L. Tawalbeh, S. Motahhir & A.S. Hafid (Eds.) Advances in Blockchain Technology for Cyber Physical Systems. Internet of Things (pp 211–231). Springer, Cham. https://doi.org/10.1007/978-3-030-93646-4_10