Blockchain Adoption in Enabling Disruptive Supply Chain Finance Innovation: Toward a Research Agenda

The objective of this study is to conduct a systematic literature review to investigate the factors influencing blockchain technology (BCT) adoption in supply chain finance (SCF), its barriers, outcomes, and BCT-enabled SCF innovations. By analyzing 62 academic papers published between 2008 and 2024, in this article, we address the research questions: What are the antecedents, barriers, and outcomes of BCT adoption in SCF? and How do BCT technologies facilitate the SCF innovation? The analysis identifies two primary antecedents—stakeholder demands and external environmental changes—and categorizes barriers into technological, organizational, and environmental dimensions. Key outcomes include operational improvements and enhanced risk control, while two types of BCT-enabled innovations (product and business model) are highlighted. A conceptual framework is proposed to advance the understanding of BCT adoption in SCF. This study provides insights into engineering management studies on BCT adoption and guides researchers in avoiding redundant investigations and addressing gaps for further exploration.