Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology

The rapid advancement of technology has made it imperative for supply chains to adapt to the changing landscape. Blockchain technology holds immense potential to transform supply chain processes, but the challenge lies in identifying the most suitable blockchain characteristics to meet the various p...

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Main Authors: Emre Alptekin, Ayça Maden
Format: Article
Language:English
Published: Çanakkale Onsekiz Mart University 2024-06-01
Series:Journal of Advanced Research in Natural and Applied Sciences
Subjects:
Online Access:https://dergipark.org.tr/en/download/article-file/3306935
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author Emre Alptekin
Ayça Maden
author_facet Emre Alptekin
Ayça Maden
author_sort Emre Alptekin
collection DOAJ
description The rapid advancement of technology has made it imperative for supply chains to adapt to the changing landscape. Blockchain technology holds immense potential to transform supply chain processes, but the challenge lies in identifying the most suitable blockchain characteristics to meet the various performance indicators of a supply chain. To overcome this challenge, this study aims to prioritize the most critical blockchain characteristics in a supply chain. The study adopts a two-stage Quality Function Deployment (QFD) methodology to rank blockchain characteristics based on supply chain and software requirements. The methodology evaluates the supply chain performance indicators using the Supply Chain Operations Reference (SCOR) model and software needs using the International Organization for Standardization (ISO) software quality characteristics. After determining the problematic SCOR and ISO software-related metrics, the study utilizes the QFD Stage 1 to obtain the weights of ISO software characteristics and employs the Fuzzy Cognitive Map (FCM) to determine the most crucial blockchain characteristics for QFD Stage 2. The results of this study show that the top priorities for blockchain characteristics in a supply chain are smart contract functionality, privacy, transaction per second, tokenization, security, permissioned network, scalability, cost, modularity, and licensing, in order of importance.
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institution Kabale University
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spelling doaj-art-b8eb29572af44307acfbe7dd9aae6cc12025-02-05T18:13:02ZengÇanakkale Onsekiz Mart UniversityJournal of Advanced Research in Natural and Applied Sciences2757-51952024-06-0110225227110.28979/jarnas.1337409453Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD MethodologyEmre Alptekin0https://orcid.org/0000-0003-3555-2684Ayça Maden1https://orcid.org/0000-0002-8239-3084GALATASARAY ÜNİVERSİTESİbeykentThe rapid advancement of technology has made it imperative for supply chains to adapt to the changing landscape. Blockchain technology holds immense potential to transform supply chain processes, but the challenge lies in identifying the most suitable blockchain characteristics to meet the various performance indicators of a supply chain. To overcome this challenge, this study aims to prioritize the most critical blockchain characteristics in a supply chain. The study adopts a two-stage Quality Function Deployment (QFD) methodology to rank blockchain characteristics based on supply chain and software requirements. The methodology evaluates the supply chain performance indicators using the Supply Chain Operations Reference (SCOR) model and software needs using the International Organization for Standardization (ISO) software quality characteristics. After determining the problematic SCOR and ISO software-related metrics, the study utilizes the QFD Stage 1 to obtain the weights of ISO software characteristics and employs the Fuzzy Cognitive Map (FCM) to determine the most crucial blockchain characteristics for QFD Stage 2. The results of this study show that the top priorities for blockchain characteristics in a supply chain are smart contract functionality, privacy, transaction per second, tokenization, security, permissioned network, scalability, cost, modularity, and licensing, in order of importance.https://dergipark.org.tr/en/download/article-file/3306935blockchainfuzzy cognitive mapfuzzy qfdsupply chain management
spellingShingle Emre Alptekin
Ayça Maden
Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology
Journal of Advanced Research in Natural and Applied Sciences
blockchain
fuzzy cognitive map
fuzzy qfd
supply chain management
title Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology
title_full Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology
title_fullStr Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology
title_full_unstemmed Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology
title_short Evaluation of Blockchain Technology for Supply Chains using an Integrated Fuzzy Cognitive Map-QFD Methodology
title_sort evaluation of blockchain technology for supply chains using an integrated fuzzy cognitive map qfd methodology
topic blockchain
fuzzy cognitive map
fuzzy qfd
supply chain management
url https://dergipark.org.tr/en/download/article-file/3306935
work_keys_str_mv AT emrealptekin evaluationofblockchaintechnologyforsupplychainsusinganintegratedfuzzycognitivemapqfdmethodology
AT aycamaden evaluationofblockchaintechnologyforsupplychainsusinganintegratedfuzzycognitivemapqfdmethodology