A New Panacea for Supply Chains?

Blockchain technology (BCT) is being actively discussed for application in business contexts to digitalize supply chains (SCs). The current nascent level of BCT adoption in businesses creates resistance for further scalability in the industry. This study explores real pilot cases and experiences of BCT pioneers from various continents and industries, revealing the intentions behind the adoption, feasible improvements, and challenges that need to be further addressed. Findings reveal the business incentives of decentralizing trust constituent and efficiency improvements of data sharing. However, the challenges remain in scaling the adoption to a broader level and guaranteeing the accurate input of data.