Blockchain in Supply Chain

Abstract: The purpose of this study is to unveil the determinants of value creation in supply chains and analyse the role of blockchain in this ecosystem. The study follows a qualitative research design through a case study, focusing on the dairy industry in Western Europe. The main theoretical perspectives are Transaction Cost Econonomics and Value Creation, combined with blockchain literature in supply chain management. The value in supply chains is influenced by traceability, transparency, and trust. A blockchain positively affects these factors and enables value creation in the form of reduced transaction costs and increased customer benefits.