Using the resource-based view (RBV), our study aims to provide theoretical and empirical insights into blockchain capabilities’ (BCs) compounded and sequential effects on supply chain competitive advantages (CA).
We combined a systematic literature review and an expert interview. Interpretive Structural Modelling and a Matrix of Cross-Impact Multiplications Applied to Classification were used to determine the relationship between the capabilities. Simple Additive Weighting assessed each capability’s relative importance and impact.
We reveal a sequential development path for BCs. Foundational capabilities, such as cybersecurity, provide immediate performance benefits, establishing a unique, valuable and inimitable resource. As firms progress to advanced capabilities, the compounded value of these capabilities generates a stronger, dynamic resource for sustained CA. Moreover, the study underscores the strategic importance of timing in adopting and developing BCs, as early adoption can secure a competitive edge difficult for later entrants to replicate.
Our proposed framework guides managers in incorporating blockchain technology into supply chain management (SCM) processes once it demonstrates that firms can enhance their CA by prioritizing the technical basics BC, leveraging the informational capabilities in level two and enabling effective problem-solving through level three. Our framework also shows that a learning process occurs as BCs are used and their results are explored.
Our study extends the RBV by demonstrating BCs’ cumulative and interdependent nature in SCM. It emphasizes the synergistic interactions between these capabilities, which collectively enhance CA.
