Figure 3
The structural model contains 7 circular constructs connected by directional arrows. Three relevance constructs, Transparency relevance, Traceability relevance, and Trust relevance, each connect to a corresponding perceived benefit and also directly to Perceived overall blockchain value. Transparency relevance points to Perceived transparency benefit with coefficient 0.570, three asterisks, and value 6.345 in parentheses. Perceived transparency benefit contains 0.325 and points to Perceived overall blockchain value with coefficient 0.428 and value 1.566 in parentheses. Transparency relevance also points directly to Perceived overall blockchain value with coefficient 0.198 and value 0.833 in parentheses. Traceability relevance points to Perceived traceability benefit with coefficient 0.763, three asterisks, and value 11.976 in parentheses. Perceived traceability benefit contains 0.582 and points to Perceived overall blockchain value with coefficient 0.202 and value 0.806 in parentheses. Traceability relevance also points directly to Perceived overall blockchain value with coefficient negative 0.216 and value 0.930 in parentheses. Trust relevance points to Perceived trust benefit with coefficient 0.151 and value 0.781 in parentheses. Perceived trust benefit contains 0.023 and points to Perceived overall blockchain value with coefficient 0.299 and value 1.704 in parentheses. Trust relevance also points directly to Perceived overall blockchain value with coefficient negative 0.062 and value 0.438 in parentheses. All 6 direct and mediated paths from the 3 relevance constructs converge on Perceived overall blockchain value, which contains 0.649.Structural model results of perceived blockchain value creation in supply chain management
Note(s): Path coefficients represent standardized estimates (β). Values in parentheses indicate bootstrapped t-values (5,000 subsamples). p < 0.05, **p < 0.01 and ***p < 0.001