FACTORS AFFECTING THE ADOPTION OF BLOCKCHAIN TECHNOLOGY FOR THE DEVELOPMENT OF AUSTRALIAN LOGISTICS

Abstract

Diverse types of blockchains have been created and developed for a variety of purposes. Despite the progress made in the creation of systems, the blockchain still requires further emergence from the standpoint of Australia. Furthermore, the Blockchain is the only cryptographic block currency that exists. It has the potential to improve logistics. The characteristics of the current research framework for implementing blockchain technology in logistics have been critically examined in this study. The purpose of this research is to implement blockchain technology in logistics to increase customer benefits and improve the activities of the industry's supply chain. To achieve the primary goal, this research is divided into phases, which are theoretical study, development of suggested blockchain factors, and implementation of the proposed blockchain factors. The blockchain of variables experience, blockchain management, blockchain transaction policy, blockchain adaptation, and blockchain implications were all discussed in detail. The underlying theory was demonstrated, and the conceptual framework and hypotheses were thoroughly discussed at the end of the paper.