Factors Affecting Blockchain Technology Application in the Logistics Industry: An Empirical Study Based on Chinese Listed Companies

Purpose - Blockchain technology can authentically record and transmit the flow of funds, logistics, and information as well as optimize resource utilization, compress intermediate links, and improve the overall efficiency of the logistics industry. Analyzing how blockchain is applied in the logistics industry and identifying the factors affecting blockchain technology application are the main purpose of this research paper. Design/Methodology/Approach - ased on the panel data, this paper utilizes a binary choice model to analyze the influencing factors affecting the blockchain technology application at the micro-level of logistics listed companies in China. Findings - This paper is an empirical study on the application of blockchain technology in the logistics industry. This study shows that a company’s size, ownership structure, and employee education level are critical factors that have a significant influence on the company’s application of blockchain technology. Research Implications - Through the literature study, it can be understood that blockchain technology is being applied by various drivers related to the improvement of corporate performance and competitiveness in the logistics industry. In addition, this empirical study shows that the polarization of competitiveness within the industry can be deepened as digital transformation technologies such as blockchain are introduced mainly by large companies. At the same time, it can be seen that the flexibility of decision-making structures and the securing of high-quality human resources are important for the introduction of innovative technologies.