Identification and prioritization of the influential factors of blockchain technology adoption in the United States electricity supply chain

PurposeNowadays, the electricity supply chain is significant for most societies, so it is necessary to use new technologies such as blockchain in the electricity industry. This study aims to identify and prioritize the factors influencing the adoption of blockchain technology in the electricity supply chain of the US.Design/methodology/approachIn this study, after reviewing the research literature, the influential factors of blockchain adoption in the electricity industry are identified and the consensus of the experts is reached. Experts have a thorough understanding of blockchain technology and the US electricity industry. Data is collected using a Step-Wise Weight Assessment Ratio Analysis (SWARA) questionnaire from November 2022 to July 2023. Using the SWARA questionnaire, experts compared 16 influential subcriteria of blockchain adoption. Then, using the Fuzzy SWARA method, the following influential subcriteria of blockchain adaptation in the US electricity industry are evaluated and prioritized.FindingsThe results show that the most significant subcriterion among the 16 influential subcriteria for the adoption of blockchain technology in the electricity supply chain is reducing cost, whereas the collaborating with supply chain partners subcriterion is recognized as the least important subcriterion.Originality/valueThe present study helps managers improve their knowledge to apply blockchain technology and also have the best performance for applying blockchain technology in the electricity supply chain.