1. Introduction
Recently, blockchain technology (BT) has attracted a lot of interest and buzz as a revolutionary innovation. Organizations are now thinking about implementing this technology because of its upsides. Cost reductions, improved accountability and traceability, and increased sustainability are some possible advantages that have been highlighted [
1]. Even though most fortune businesses have considered blockchain, the investment has significantly decreased. While blockchain technology has generated considerable interest and promise, the significant drop in investment among large firms can be attributed to several factors, including the technology’s complexity and uncertainty, evolving regulatory challenges, the need for a clear return on investment, and competing priorities within organizations. As technology matures and demonstrates its usefulness in specific use cases, we may see an expansion of giant corporations’ investment in blockchain, yet more measured and strategic [
2].
In recent years, several key findings from numerous industries were examined in previous research to examine the impact of blockchain on a sustainable future. It was discovered that not a single of these examples is in the full execution phase but is instead trapped in the pilot testing phase [
3]. The transition of blockchain projects from pilot testing to full adoption for sustainability is frequently delayed by technological, regulatory, resource, and organizational issues. Before proceeding with full-scale adoption, organizations want to ensure that they are well-prepared, can demonstrate the value and return on investment, and have addressed any potential bottlenecks [
4,
5].
The term “blockchain” refers to autonomous ledgers that store activities as data blocks connected by an encryption reference. The chain extends to the initial block that was the source. Whenever an additional block is added to the system, it is connected to its predecessor. Data that are protected, traceable, verifiable, and accessible are essential [
6]. These traits inspired numerous businesses to incorporate blockchain solutions throughout their SCs in order to boost productivity and effectiveness. This reality will serve as yet another impetus for this research, encouraging us to identify crucial elements that speed up the adoption of BT. Over the last 30 years, the sustainability of the SC has grown in significance and become a key factor in driving market and customer satisfaction. The production and delivery of goods and services are carried out as part of an SSC, a network of businesses, individuals, organizations, activities, information, and resources that aims to reduce unfavorable effects on the environment and society while generating profit. Companies should support SCM for social, competitive, and regulatory reasons. Customers want to check the sustainability of the goods they purchase; thus, they need easily available source data [
7].
The subsequent step of the research answers the following research questions to accomplish the research goals:
- (i)
What barriers hinder businesses from adopting and implementing blockchain technology?;
- (ii)
How do these barriers rank in terms of their significance in adopting blockchain technology?;
- (iii)
What is the interrelationship among these barriers and how are they interconnected?;
- (iv)
Is it necessary for businesses to eliminate certain barriers to minimize their impact on other barriers?
This research is primarily motivated by the increasing prominence of blockchain technology in sustainable supply chains. Saberi et al. [
8] highlighted its stability, traceability, data integrity, and cryptocurrency capabilities, particularly in settings that eliminate intermediaries. In the context of today’s complex, cross-border supply chain networks, Ivanov et al. [
9] emphasized the growing challenges in achieving efficient transactions, inventory tracking, and data analysis. Furthermore, Yadav et al. [
10] discussed blockchain’s pivotal role in resource allocation, transparency, and reducing environmental impacts within supply chains. Lotfi et al. [
11] proposed integrating vendor-managed inventory with blockchain to enhance supply chain viability and robustness. These studies demonstrate how blockchain technology has the potential to redefine and improve supply chain management’s sustainability and resilience.
In order to participate in some SSC, suppliers are under an obligation to become sustainable on a global and local scale. SC sustainability may be improved using blockchain. Although there are a lot of possible blockchain implications for increasing sustainability in a system, there are not many application scenarios where blockchain is being used to improve sustainability, and businesses are still having trouble dealing with the more comprehensive parts of sustainability. Investment in technology is declining, as was already indicated, with certain exceptions. Both advantages and drawbacks exist with new technology. Power consumption is a significant issue for sustainability within the blockchain. Greenhouse gases rise along with energy use. Distributed ledgers also require more processing power and assets to preserve the confidentiality of the information and avoid duplication, eventually resulting in higher power consumption. These are merely drawbacks related to sustainability, but, as shown in our research, there are also numerous obstacles to the adoption of this technology. The adoption of blockchains has indeed been moderate, despite their potential. We are looking into why this technology, which holds so much potential in the economy, society, and the environment, has reached a standstill. As a result, it is important to understand the potential difficulties and limitations businesses can encounter when deploying this technology.
In this study, we examine the barriers to BT adoption in SSC and their connections. The barriers were collected from a comprehensive literature review. It is nearly impossible to remove every barrier at once. Multi-criteria decision-making (MCDM) procedures may accomplish the ranking and evaluation of inter-relationships among barriers. The capacity of the Integrated Fuzzy TOPSIS–ISM technique to rank significant barriers while capturing their interdependencies led to its selection among other MCDM techniques. The paper investigates these barriers using opinions from SC, sustainability, and blockchain specialists. However, blockchain technology benefits sustainable supply networks in a variety of ways. More effective traceability supports the accuracy of sustainability claims, while better visibility allows for real-time monitoring and problem solving and streamlined organizational processes make cooperation among multiple supply chain stakeholders easier. These benefits lead to more efficient and accountable supply chains, which connect with the broader aims of environmental responsibility and social sustainability [
12].
The remainder of the paper is divided into the following sections. We thoroughly examine the recent literature on blockchain and sustainable supply chains in
Section 2. A detailed explanation of our research approach and the methods for collecting data and analysis are presented in
Section 3.
Section 4 describes how to use suitable MCDM techniques. Numerical examples are provided in
Section 5 to support our conclusions. We explore the implications of our findings for managerial practices in
Section 6. Finally,
Section 7 includes an assessment of the research’s limitations, a review of its conclusions, and recommendations for prospective future research areas.
3. Research Methodology
As illustrated in
Figure 1, the research framework consisted of three phases that systematically investigate the barriers associated with integrating BT into an SSC.
Phase I of the framework involved conducting a detailed literature review to identify the barriers to integrating BT into an SSC. This phase allows us to understand the various challenges and difficulties that may arise during the integration process. In
Phase II, an integrated Fuzzy TOPSIS technique was incorporated to measure and rank the primary barriers identified in Phase I. This technique enables us to evaluate the various barriers based on their relative importance and quantitatively measure their impact on the integration process. To further strengthen the proposed technique, in
Phase III, the authors used the Interpretive Structural Modelling (ISM) method to determine how the sub-barriers of the ranked primary barrier interact with each other. This phase enables the authors to identify the complex relationships and dependencies between the various sub-barriers and provides a more holistic understanding of the integration challenges.
3.1. Data Collection
The purpose of this study was to assess the impact of barriers on the application of blockchain technology in sustainable supply chains. To attain this objective, an extensive literature review was conducted, and consultations were held with experts from the RMG Industry in Dhaka, Bangladesh. The barriers identified for analysis were chosen based on their substantial impact on organizations’ adoption of blockchain technology. Furthermore, five industry experts and two academic experts participated in a series of brainstorming sessions to enhance and enrich the ideas gathered from the literature review.
Table 2 summarizes the demographic information of the participants in the research study, including their profession/industry, expertise, number, location, and the method used for opinion assessment.
A reliability analysis was performed to evaluate the questionnaire’s validity, using a five-point Likert scale to assess the significance and feasibility of the identified barriers. This questionnaire was subsequently forwarded to 50 field experts, who provided feedback on these barriers. Furthermore, the consistency of these barriers was evaluated using Kappa statistics, which were based on replies from 30 industry and academic experts. These experts were asked to evaluate the presence of primary barriers and sub-barriers across five perspectives: managerial, information, integration, production, and environmental. The Kappa index value calculated from their responses was within the significant range (0.21–0.40), confirming the consistency of the highlighted barriers for future investigation. This allows for a reliable assessment of the barriers and their impact on the research objectives.
With the consistency of the identified barriers validated, the study moved on to a Fuzzy TOPSIS analysis. A questionnaire was developed that included linguistic terms ranging from “very low” to “very high influence”, and it was then discussed with 30 field experts. These experts were requested to provide their opinions on the identified barriers’ impact on sustainable supply chain. The Integrated Fuzzy TOPSIS–ISM approach was employed step by step to fulfill the research objective. This strategy aided in the investigation of interdependencies and influences among the most critical barriers, providing useful insights into their relative importance and impact.
3.2. Data Analysis and Validation
3.2.1. Reliability Analysis
The questionnaire was sent to 50 professionals and academics to examine the feasibility of the listed barriers, and 30 responses were received. This 60% response rate is consistent with the recommended criteria established by Malhotra and Grover [
63]; therefore, the data considered for further analysis. Cronbach’s alpha coefficient (α) was calculated using SPSS-23 to confirm the reliability of the data collected. The estimated coefficient, 0.759, is within the required range (0.7 < α < 0.95), indicating acceptable internal consistency (see
Table 3). The mean and standard deviation of the responses were also calculated. These statistical parameters provide a preliminary view into the significance levels of the barriers. For instance, Supply chain- and Legislation-related barriers exhibited higher mean values compared to other barriers. This suggests that these barriers are significant in establishing better sustainable supply chain performance.
3.2.2. Consistency Analysis: Kappa Statistics
The study used Kappa statistics, created by Cohen [
64], to ensure the consistency of the identified barriers across different perspectives, including managerial, information, integration, production, and environmental. In the previous literature, Tyagi et al. [
65] considered four perspectives, but Hossain et al. [
66] considered five perspectives, including environmental perspectives, to strengthen the sustainability performance. Kappa index (k) is a quantitative measure that assesses the level of agreement beyond chance by comparing observed and expected agreement. In this research, it was crucial to evaluate the consistency of each barrier within its corresponding perspective. To achieve this, Kappa statistics were used to analyze the nature of consistency for each barrier under its respective perspective. The findings are presented in
Table 4, which indicates the number of experts involved in identifying the barriers within each category. The filled values in the table represent the level of expert agreement for the presence of barriers in the specific category. P
i denotes the degree of expert involvement for the ith barrier, while P
j represents the assignment percentage under the jth category.
The value of kappa (k) is calculated as
Landis and Koch [
67] proposed a Kappa value interpretation scale, as shown in
Table 5. When ‘k = 0.222’ is investigated, it is determined that it is related to ensuring that all barriers in their category have a fair degree of consistency. In accordance with the work’s methodology, ranking of the primary barriers has been performed utilizing the fuzzy TOPSIS and interrelations among sub-barriers performed using the ISM approach.
6. Results and Discussion
This study first determines the barriers in implementing blockchain-based technology in the management of sustainable supply chain. Twenty-four barriers are classified into five primary barriers: IOT, strategic, supply chain, legislation, and external. The primary barriers are then ranked using a fuzzy TOPSIS technique. Finally, using the interpretive structural modeling (ISM) approach, the hierarchy of supply chain barriers (Ranked 1) is created, and the independent barrier cluster (Key barriers), Dependent barriers cluster, Linkage cluster, and Autonomous cluster are identified. Through the analysis, the findings of this study offer some decision-making insights for implementing BT in SSC.
6.1. Decision-Making Insights 1
This study uses an Integrated Fuzzy TOPSIS–ISM to evaluate and rank the barriers. In
Figure 3, it is shown that SC barriers (B3) are the most significant to adopting BT in SSC among the five major types of barriers, as they ranked first in Fuzzy TOPSIS analysis. Therefore, this study suggests that companies can reduce the effect of SC barriers by adopting a strategic action plan. This plan should include measures to increase trust among SC partners, establish standardization and interoperability protocols, and encourage collaboration and knowledge sharing. Further, we identify the interrelation among sub-barriers of SC barriers using the ISM tool.
6.2. Decision-Making Insights 2
Interactions between the identified supply chain (SC) sub-barriers reveal information about their linkages and how they contribute to implementation issues. Understanding these interconnections allows us to answer questions like, “How do the top-ranked SC sub-barriers influence each other?” and “What are the reasons of implementation difficulties?”:
The term “correlation connection of SC barriers” means separating independent elements from dependent elements. Independent elements are systemic variables that actively affect other system variables. Dependent elements are those that can change depending on other variables in the infrastructure;
The main independent SC barriers include a Lack of customer awareness and Cultural differences of SC Partners. They are frequently regarded as the most important elements. These barriers contain such great driving power but little dependency power. These barriers frequently turn out to be the main reason behind several other connected elements. These barriers are also the root cause of the main problem;
The main dependent SC barriers are difficulty sharing information between supply chain parties and integrating BT and sustainability through SCM. These have a low driving force but a high dependency force. Business owners should investigate which lower-level barriers they rely on and start addressing them;
In the linking group, no SC barriers have both a significant driving power and a strong dependency. Any changes to these SC barriers will have an impact on others as well as on itself. As a result, the nature of these systems will be uncertain, which may influence the stability of the SC resilience. The unavailability of any linkage barriers to SC in this analysis suggests that none of the barriers included in this investigation makes system unstable;
The autonomous barriers are Lack of 3Cs (cooperation, coordination, and communication). The autonomous barriers with weak driving and dependency power comprise the first group. These barriers have limited, maybe weak, links with the system, from which they are comparatively cut off. All these four categories are shown in
Figure 4.
Companies can further reduce the effect of SC barriers by optimizing supply networks based on hierarchical model considerations, as shown in
Figure 5. The ISM model SC barriers is created after identifying the reachability matrix. If there is any relationship between the barrier ‘j’ and ‘I’, an upward arrow starting from i to j depicts this. The digraph is converted into the ISM model shown in
Figure 5 by removing the transitivity, as specified in the ISM technique.
6.3. Decision-Making Insights 3
Finally, after the evaluation of barriers using the proposed hybrid MCDM method, the SC-related barriers, ranked as number one by Fuzzy-TOPSIS analysis, were addressed through the creation of a fishbone diagram, as shown in
Figure 6. Adopting BT into SSC is a systematic process to address supply chain barriers consisting of several key steps. First, the issue was carefully outlined, focusing on the specific challenges in SSC concerning blockchain adoption. Following this, a fishbone diagram was meticulously constructed, featuring major cause categories, such as People, Process, Technology, and Materials, branching out from the central axis. Subsequently, a rigorous process of identification of sub-causes was undertaken through a combination of brainstorming sessions and data analysis, drawing upon industry expertise and research insights, for example, within the “Technology” category, sub-causes like “Lack of information disclosure”. These sub-causes were then analyzed and prioritized using the fishbone diagram in conjunction with advanced analytical techniques like Fuzzy TOPSIS and ISM, considering their significance and impact on the overarching problem [
78]. Finally, based on the findings of this study, decision-makers and practitioners can work together to create unique strategic action plans. These strategies are specifically designed to minimize the impact of each sub-cause that has been given priority, making it easier to integrate BT into SSCs aligned with the company’s unique requirements and objectives. This structured approach ensures that the implementation is well-informed, strategic, and effective in harnessing the potential of blockchain within SSC.
6.4. Comparison with Similar Studies
It is beneficial to consider related studies to comprehensively understand the challenges in integrating blockchain technology into sustainable supply chains. This makes it easier to identify typical barriers and understand each barrier’s relative importance. The main barriers that the study discovered are the Internet of Things (IoT), supply chain, strategic, legal, and external barriers. The study uses a combined Fuzzy TOPSIS–ISM technique to assess the significance of these barriers. The use of an Integrated Fuzzy TOPSIS–ISM approach proposes that the research may include a combination of techniques for analyzing and prioritizing the obstacles or aspects associated with blockchain adoption in the sustainable supply chain.
Similar studies have also explored the challenges of implementing blockchain technology in supply chains and have identified similar barriers. For instance, according to Ioannou and Demirel [
79], blockchain has the potential to improve supply chain financing by increasing transparency, lowering transaction costs, and minimizing fraud risks. Kayikci et al. [
80] underline the importance of stakeholder participation, technology infrastructure, governance structures, and data interoperability in developing blockchain-based circular supply chains. From a supply chain perspective, Khan et al. [
81] identified critical aspects for effective blockchain adoption, such as addressing technology readiness, trust and collaboration, scalability, standardization, and regulatory issues. Sargent and Breese [
82] thoroughly analyzed the literature on blockchain challenges in supply chains, mentioning concerns such as scalability, interoperability, data privacy, security, legal and regulatory issues, and reluctance to change.
Sunmola et al. [
83] also underlined blockchain’s function as a foundation for digital transformation and sustainability in supply chains, supporting openness, accountability, and responsible practices. Khan et al. [
43] studied the challenges to blockchain integration in the food supply chain, emphasizing the importance of addressing technological complexity, knowledge gaps, high implementation costs, data privacy concerns, interoperability issues, and change resistance. Mangla et al. [
46] presented a conceptual framework for blockchain-based sustainable supply chains, emphasizing the significance of overcoming technology readiness, trust and collaboration, regulatory frameworks, standardization, and scalability constraints. Wang et al. [
50] addressed blockchain’s disruptive potential in supply chains, emphasizing essential characteristics such as decentralization, transparency, security, and smart contracts. These factors may impact the adoption and application of blockchain technology in supply chains. The previous literature also outlines issues that must be addressed for successful blockchain adoption.
The exact ranks of the barriers, however, may differ between studies. While this study places the supply chain barrier as the most important, followed by legislation, strategic, IoT, and external factors as the least important, other studies may emphasize these aspects differently. These differences may occur due to the specific context, sample size, and methodology used in each research.
7. Conclusions
This research examined how blockchain technology could be used in sustainable supply chains. Blockchain technology allows the creation of transparent, encrypted, and safe decentralized ledgers for sustainable supply chain. By replacing some intermediaries, efficiency can be increased. Given these potential advantages, it is surprising that such technology has not gained widespread use. We looked into what barriers might prevent blockchain technology from being widely used in sustainable supply chain. The literature on innovative business models and technology, such as environmentally friendly and SSC, assisted in the identification of a wide range of barriers. The primary types of barriers identified are IoT, strategic, supply chain, legislation, and external barriers. This study’s key goal is identifying the most important barrier and its interactions with other barriers and their prominence. Using opinions from academic and professional specialists, we used the Fuzzy TOPSIS–ISM to rank and examine the relationships in this study. The outcomes of this research can provide valuable assistance to policymakers in making efficient and profitable decisions. Initially, the investigation focused on identifying barriers and prioritizing them through Fuzzy TOPSIS, thus enabling organizations to allocate their resources and time effectively. Additionally, the study established the hierarchical structure of SC sub-barriers through ISM, allowing decision-makers to formulate strategic action plans. Lastly, a fishbone diagram was developed to facilitate strategy-making, especially in addressing SC barriers. The findings of this research reveal that SC-related barriers are the most significant, and the interrelationship among the sub-barriers of SC barriers is also determined to facilitate the adaptation process. The study’s strategic action plan, suggested using the fishbone diagram, provides a roadmap for reducing the effect of SC barriers in the adoption process.
7.1. Implications of This Study
This research provides a comprehensive theoretical framework for applying blockchain technology to sustainable supply chains. This research provides valuable insights into the potential barriers and challenges that must be addressed to successfully implement blockchain-based systems in sustainable supply chain. The findings of this study serve as a guide for policymakers, SC managers, and practitioners, offering them guidance in developing strategies and policies to overcome the identified barriers. Understanding and addressing these challenges makes it possible to promote the wider adoption of blockchain-based systems in sustainable supply chain and leverage their benefits. It is crucial to understand their roles and management policy for organizational and SC competitive advantages as well as social and environmental benefits.
7.2. Limitations and Future Directions
Due to the fact that we only looked at a manageable opinion of respondents, our study shares the inherent limitations of exploratory research. It is not feasible to undertake a wide-ranging study that gives enough depth for comprehending these complicated relationships as blockchain technology and sustainable supply chain are still relatively new fields of study. The divergent views of professionals and academics may also result from this technology’s novelty. These barriers’ evolution and varying prominence and linkages should be studied more thoroughly over time. Exploratory and confirmatory barrier evaluations can validate the observed barrier types, and future research may consider these barriers jointly rather than hierarchically. Assigning weightings to the respondent groups might help capture the results’ variations. Exploratory study is essential to examine and analyze these interconnections and overcome these barriers. To successfully integrate BT, it is ultimately necessary to have a deeper understanding of these external obstacles and how to progress beyond them.