Literature review on the applicability of blockchain technology in supply chain finance

Abstract

The field of supply chain management has traditionally concentrated on the management of material and infor mation flows, while financial flows have been largely overlooked. However, following the global financial crisis of 2008, supply chain finance has gained importance. The global pandemic of Coronavirus (Covid-19) has exposed the vulnerabilities of traditional trade and supply chain finance systems, leading to increased interest in digital transformation for enhanced security and reduced disputes in international trade. The advent of blockchain technology has emerged as a promising solution for supply chain finance due to its ability to offer a trusted, multilateral system that can be easily integrated. Consequently, research into the usability of blockchain technology in supply chain finance has become a new focus. This study provides a bibliographic review of the latest applications and theoretical perspectives on the use of blockchain technology in digitizing supply chain finance systems. To this end, the extant literature spanning the period from 2015 to 2024 has been reviewed. The majority of the reviewed studies suggest that blockchain technology will open a new door for the development of supply chain finance and support the strong and healthy development of supply chain finance.

Keywords

• Supply Chain Finance
• Financial Supply Chain
• Blockchain Technology

Blokzincir Teknolojisinin Tedarik Zinciri Finansmanında Kullanılabilirliğine İlişkin Literatür İncelemesi

Abstract

2008 finansal krizinden önce, tedarik zinciri yönetimi malzeme ve bilgi akışlarına odaklanmış, finansal akışları ihmal etmiştir. Ancak krizden sonra tedarik zinciri finansmanı önem kazandı. Covid-19 salgını ise, geleneksel kâğıt tabanlı ticaret ve tedarik zinciri finans sistemlerinin kırılganlıklarını daha da açığa çıkararak, uluslararası ticarette anlaşmazlıkları azaltmak ve güvenliği artırmak için bir çözüm olarak dijital dönüşümün ortaya çıkmasına neden oldu. Tedarik zinciri finansmanı, çok taraflı, nispeten kapalı bir sistemdir ve destekleyici faktörler olarak kontrol edilebilir ve güvenilir veriler gerektirir. Bu açıdan, blokzincir teknolojisi, kolayca entegre edilebilen çok taraflı ve güvenilir bir sistem sunduğu için tedarik zinciri finansmanı alanında umut vaat ediyor. Bu nedenle, blok zincir teknolojisinin tedarik zinciri finansmanında kullanılabilirliğine ilişkin araştırmalar, yeni bir odak noktası haline gelmiştir. Çalışmanın amacı, tedarik zinciri finansmanı sistemlerinde dijitalleşmeye yönelik bir araç olarak blokzincir teknolo jisinin kullanılabilirliğine ilişkin geliştirilen son teknoloji uygulamalarının ve akademik / teorik bakış açılarının bir bibliyografik incelemesini sunmaktır. Çalışmada, blokzincir teknolojisinin tedarik zinciri finansmanına uygulanmasına ilişkin 2015 −2024 dönemini kap sayan literatür incelenmiştir. İncelenen çalışmaların çoğunluğu, blokzincir teknolojisinin, tedarik zinciri finansman ının gelişimi için yeni bir kapı açacağını ve tedarik zinciri finansmanının güçlü ve sağlıklı gelişimini destekleyeceğini ileri sürmektedir.

Keywords

• Tedarik Zinciri Finansmanı
• Finansal Tedarik Zinciri
• Blokzincir Teknolojisi

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