Factors Influencing the Adoption of Blockchain Technology in Supply Chain Management

Abstract

This study explores the factors influencing the adoption of blockchain technology in supply chain management (SCM) within Tanzania's manufacturing industries, focusing on technological, organizational, and environmental factors. The research was conducted in Dar es Salaam, targeting the food and beverage manufacturing sectors. Using a quantitative approach and cross-sectional research design, the study gathered data from 85 industry experts, supply chain and logistics managers through online questionnaires. Secondary data from previous studies were also reviewed. The results showed that there is a strong linear correlation between the adoption of blockchain technology and organizational, environmental, and technological aspects. Strong F-statistics (F (1, 72) = 30.922, p <.001; F (1, 74) = 38.419, p <.001; F (1, 71) = 70.143, p <.001) were shown by the statistical analysis, demonstrating the direct and proportionate influence of these factors on adoption decisions. The study concludes that the adoption of blockchain technology in SCM is essential for improving operational efficiency, reducing costs, and enhancing overall performance, which in turn fosters economic growth and sustainable development. It is recommended that manufacturing industries embrace blockchain technology to boost productivity and performance. The study also encourages further research in other industries to compare findings and broaden the understanding of blockchain technology's adoption beyond SCM in manufacturing industries.