Blockchain Applications to Mitigate the Effects of Supply Chain Disruptions

The inherent nature of complex relationships among partners made the supply chain (SC) prone to disruptions. The SC disruptions have severe negative consequences on SC performance. Firms are constantly seeking appropriate strategies that can mitigate the effects of SC disruption. The extant literature in information systems suggests that modern technologies can be used in the supply chain to mitigate the risks caused by SC disruptions. Blockchain is a novel disruptive technology that has promising applications in the supply chain. Because of its special characteristics, blockchain is perceived to be immutable, secured, and transparent. As a part of mitigating strategy, this paper shows how adoption of blockchain technology can lessen the detrimental effects of SC disruptions by developing SC capabilities. The blockchain-enabled SC capabilities are flexibility, traceability, transparency, visibility, collaboration, and trust