Blockchain Technology Adoption via Contractual Coordination Mechanisms

This paper collects, organizes, and synthesizes existing literature in recent academic journals and case studies related to Blockchain Technology (BT) adoption through Supply Chain (SC) contractual coordination. We shall review the background of SC coordination segments and explain the development of SC coordination challenges with BT introduction. Based on the concepts stated, we discuss the reasons for contractual coordination via cost and revenue sharing contract in the adoption of BT. We close the paper with recommendations for future research in the adoption of BT through contractual coordination mechanism on the global spread SC that is futuristic and practically oriented.