Adoption of Blockchain in Critical Minerals Supply Chain Risk Management

Abstract

This study examines the impact of digital transformation, digital awareness, and supply chain risk management (SCRM) on the intention to employ blockchain technology in the US critical minerals industry. It examines the influence of digital transformation on supply chain resiliency and the adoption of blockchain by analyzing responses from 122 managers and professionals through structural equation modeling and partial least squares approaches. SCRM, perceived usefulness, and usability shape the intention to use blockchain, while digital transformation enhances supply chain resiliency. This research contributes to the existing literature by confirming the relevance of the technology acceptance model in blockchain adoption and by highlighting the importance of digital transformation in supply chain resiliency. Practically, it offers valuable insights for managers, emphasizing the role of SCRM in recognizing blockchain's benefits, the need for digital literacy and transformation to facilitate blockchain adoption, and the potential of blockchain to enhance supply chain operations.

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