Conclusion—What Can We Learn from Blockchain-Driven Supply Chain Finance?

Hofmann, Erik; Strewe, Urs Magnus; Bosia, Nicola

doi:10.1007/978-3-319-62371-9_7

Cited by 12 publications

(11 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The supply chain becomes more agile (Hofmann et al, 2018a) Information sharing BT provides a safer technology to store and share information on a real time basis (Kshetri, 2018;Mathisen, 2018) Supply chain collaboration Conclusion: efficiency measurement and monitoring become easy through BT and IoT (Mathisen, 2018;Petersson and Baur, 2018) Incentive alignment/fair welfare of the partners/smart contracts Conclusion: using BT, common goals of the supply chain are easily implemented through smart contracts for mutual benefits. Transparency in the supply chain improves incentive alignment, honesty and loyalty in the relationship (Petersson and Baur, 2018) Integrated supply chain process Conclusion: BT, IoT and BDA can integrate companies internally and externally, improving speed and safety.…”

Section: Agilitymentioning

confidence: 99%

“…Casey and Wong, 2017;Apte and Petrovsky, 2016; Chow, 2018;Eljazzar et al, 2018;Francisco and Swanson, 2018;Hofmann et al, 2018a;Hofmann et al, 2018b;Kshetri, 2018;Petersson and Baur, 2018;Kamble et al, 2019;Korpela et al, 2017;Hofmann et al, 2018c;Hofmann et al, 2018d;Casado-Vara et al, 2018;Patil et al, 2020Patil et al, 2020Dwivedi et al, 2020;Garrard and Fielke, 2020;Mazzei et al, 2020;Papathanasiou et al, 2020;Perera et al, 2020;Rashideh, 2020;Sund et al, 2020;Q. Wang and Su, 2020;Verhoeven...…”

mentioning

confidence: 99%

See 1 more Smart Citation

How blockchain technology can be a sustainable infrastructure for the agrifood supply chain in developing countries

Kumar

Srivastava

Singh

2022

JGOSS

View full text Add to dashboard Cite

Purpose This study aims to formulate a conceptual sustainable framework for developing a trusted, reliable, scalable, transparent, traceable and sustainable agri-food supply chain in a developing country so that it minimizes wastage and increases the efficiency levels of agri-produce and its usage. Design/methodology/approach This study uses a rigorous review of extant literature, case studies and the interview method for theory building, using blockchain technology (BT) as a subject. Further, the study builds a framework to relate blockchain solutions to the challenges faced by the agri-supply chain. Notably, the use of BT in the agri-food supply chain is a relatively new area of study. Findings Limitations of using BT 3.0 in a diverse supply chain like the food sector, especially in a developing country such as India, may be overcome by adopting BT 4.0 and could change the country’s face by controlling inefficiencies and ensuring transparency, helping in good governance, improving the humanitarian supply chain and integrating the bottom of the pyramid to the main economy. Based on the findings, this study proposes BT 4.0 for the agri-supply chain in India to deal with the current issues of demand-supply gap, wastages of agri-produce, unequal distribution of profit among agriproduct producers and logistics suppliers and ensuring sustainability. Research limitations/implications Results in this study have been derived from a specific demographic condition in India. Future research with other demographic conditions may be replicated. BT is a new technology product, and its effectiveness is yet to be established. Practical implications The outcome of this study provides the application of BT 4.0 in the area of the agri-food supply chain. The BT 4.0 framework has been developed on studying a few cases that either implemented BT or were in the testing phase. The benefits of the agri-food supply chain vis-à-vis its overall social well-being may be achieved on the successful implementation of the framework, despite existing complexities in the food supply chain. Further research on this subject may help the other dimensions of the complexity of adopting BT 4.0. Both practitioners and policymakers from developing countries can, therefore, use the findings of this study to analyze BT 4.0 and address the concerns of the agri-food supply chain. Originality/value This research paper has proposed a conceptual framework of BT 4.0, which is a completely new technology. It is fairly transparent, and therefore sustainable supply chain practices may be achieved easily.

show abstract

Section: Agilitymentioning

confidence: 99%

mentioning

confidence: 99%

How blockchain technology can be a sustainable infrastructure for the agrifood supply chain in developing countries

Kumar

Srivastava

Singh

2022

JGOSS

View full text Add to dashboard Cite

show abstract

“…In order to ensure the information accuracy of rural mortgaged property, mortgage institutions of different regions need to establish collaborative assessment systems. In addition, it is tough for agricultural rights to be digitized to form digital assets for online assessment, which thus increases the labor cost [41]. Especially, these issues made it hard for small and medium farms to get agricultural loans, even though they usually only need small and short-term loans to maintain seasonal operations and avoid the liquidity squeeze.…”

Section: A Extant Issuesmentioning

confidence: 99%

Blockchain Enabled Credibility Applications: Extant Issues, Frameworks and Cases

Luo

Liao

et al. 2022

IEEE Access

View full text Add to dashboard Cite

The credibility of information is known as a major cause of a wide range of issues, such as: altered product information in food supply chains; fake transactions on E-commerce platforms; lengthy claim settlement time in agricultural insurance; and costly borrowings in agricultural financing. For a more specific example in food supply chains, end customers want to check the product information, but either doubt the authenticity of information, or simply do not have access to the information. The reason is that upstream suppliers and downstream retailers are often reluctant to share data, fearing privacy loss or business secret leakage. The consequence is that regulatory departments may face enormous challenges to identify accurate contamination sources, if there is scarce information or falsely recorded information at any stage of the food supply chain. In this paper, we focus on four common scenarios demanding information credibility in the agricultural supply chain: product traceability, E-commerce platforms, agricultural insurance, and agricultural financing. We review some high-profile smart credibility applications with emphasis on how blockchain related technologies can provide the information credibility by examining extant issues and relevant frameworks.

show abstract

“…The impact of certification is analyzed on sourcing decisions under the pooling contract. In comparison of transaction cost in a block chain-based traceability system (Iansiti and Lakhani, 2017;Hoffman et al, 2018) it was concluded that costs are reduced compared to traditional supply chain due to the removal of an intermediary. Shukla et al (2018) evaluated food safety practices in India.…”

Section: Cost Related To Traceability System In the Supply Chainmentioning

confidence: 99%

Modeling traceability in food supply chain

Dash

Sarmah²,

Tiwari³

et al. 2022

BIJ

View full text Add to dashboard Cite

PurposeCurrently, digital technology has been proposed as a new archetype for developing an effective traceability system in the perishable food supply chain (FSC). Implementation of such a system needs significant investment and the burden lies with the members of the supply chain. The purpose of this paper is to examine the impact on the profit of the supply chain members due to the implementation of an effective traceability system with such a large investment. The study also tries to explore the impact of the implementation of such a system by coordination among the members through a cost-sharing mechanism.Design/methodology/approachA two-level supply chain that comprises a supplier and retailer is analyzed using a game-theoretic approach. The mathematical models are developed considering the scenario for an individual, centralized and both members invest using a cost-sharing mechanism. For each of the models, the impact of product selling price, information sensing price and quality improvement level on profit is analyzed through numerical analysis.FindingsThe study reveals that consumer involvement can be a strong motivation for the supply chain members to initiate investment in the traceability system. Further, from an investment perspective cost-sharing model is beneficial compared to the individual investment-bearing model. This mechanism can coordinate as well as benefit the FSC members. However, the model is less beneficial to the centralized model from profit and quality improvement levels.Practical implicationsFood wastage can be less from supplier and retailer perspectives. Moreover, consumers can purchase food items only after verifying their shipping conditions. Consequently the food safety scandals can be reduced remarkably.Originality/valueDigital technology adoption in the perishable FSC is still considered emerging. The present study helps organizations to implement a traceability system in the perishable FSC through consumer involvement and a cost-sharing mechanism.

show abstract

Conclusion—What Can We Learn from Blockchain-Driven Supply Chain Finance?

Cited by 12 publications

References 0 publications

How blockchain technology can be a sustainable infrastructure for the agrifood supply chain in developing countries

How blockchain technology can be a sustainable infrastructure for the agrifood supply chain in developing countries

Blockchain Enabled Credibility Applications: Extant Issues, Frameworks and Cases

Modeling traceability in food supply chain

Contact Info

Product

Resources

About