International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 11, Issue 7 (July 2024), Pages: 216-225

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 Original Research Paper

Characteristics of blockchain technology and its impact on improving supply chain performance from an accounting perspective: Evidence from Saudi Arabia

 Author(s): 

 Nagat Mohamed Marie Younis *

 Affiliation(s):

 Department of Accounting, College of Business, University of Jeddah, Al-Kamel Governorate Branch, Jeddah, Saudi Arabia

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0001-8935-3715

 Digital Object Identifier (DOI)

 https://doi.org/10.21833/ijaas.2024.07.024

 Abstract

This study aimed to clarify the importance of using blockchain in the supply chain sector and examine the impact of blockchain technology characteristics on improving supply chain performance by applying it to industrial companies in Saudi Arabia. To achieve this, the study used an inductive approach to analyze existing accounting literature on four blockchain characteristics and their impact on enhancing supply chain performance. A field study was conducted to gather the perspectives and opinions of faculty members in the Accounting Department of Saudi universities, accountants in Saudi industrial companies, and information and communications technology experts working in blockchain and supply chain fields. The sample size was 150 individuals from 2012 to August 2023, and the analysis was performed using IBM SPSS Version 29. The study concluded that blockchain technology significantly improves supply chain performance in Saudi industrial companies, with the four blockchain characteristics (transparency and privacy, decentralization, traceability, and smart contracts) having a positive impact. The study recommends future research on the relationship between blockchain technology and corporate governance, examining tax issues related to blockchain operations, and training accountants and industrial workers to use blockchain to enhance supply chain performance.

 © 2024 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 Blockchain technology, Supply chain performance, Industrial companies, Transparency and privacy, Decentralization

 Article history

 Received 30 November 2023, Received in revised form 10 July 2024, Accepted 15 July 2024

 Acknowledgment 

This work was funded by the University of Jeddah, Jeddah, Saudi Arabia, under grant No. (UJ-22-DR-98). The author, therefore, acknowledges with thanks the University of Jeddah for its technical and financial support.

 Compliance with ethical standards

 Ethical considerations

Informed consent was obtained from all participants, and their anonymity was ensured. The research adhered to the ethical guidelines set by the University of Jeddah and complied with the Declaration of Helsinki.

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Younis NMM (2024). Characteristics of blockchain technology and its impact on improving supply chain performance from an accounting perspective: Evidence from Saudi Arabia. International Journal of Advanced and Applied Sciences, 11(7): 216-225

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 Figures

 Fig. 1

 Tables

 Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 

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