Blockchain technology in wood raw material supply chain management – A bibliometric analysis and review

Supply chains in today’s global era generally have complex entities consisting of multi-echelon, dynamic, long chains, and geographically separated entities. Globalization in SC become increasingly complex when dealing with diverse regulatory policies because SC entities are located in different countries, accompanied by varying cultural behavior and human consumption. Complexity in SC networks often results in inefficient transactions leading to increased risk and distrust. These conditions lead to a need to share information that is more transparent, traceable, and verified. The use of blockchain technology as a tangible form of digital technology advancement can be utilized to effectively store traces of information and simplify the entire process of business transactions. This technology appropriate for processing wood distributor companies that have many suppliers and customers, both retailers and individuals who often demand clarity on the origin of woods being sold. Blockchain technology has public access system, can be applied to transparently track the information of wood in realtime between the parties concerned. With blockchain technology, companies can carry out transactions with shorter processing times and access information in a faster time because they’re integrated with each other. This paper aims to propose a conceptual framework that defines the capabilities of blockchain technology that allows collaboration between various parties concerned such as aligning all consumer demand with supply of goods from suppliers in real-time in order to improve supply chain management performance of companies engaged in the commercial wood raw material industry.