Supply chain finance: What are the challenges in the adoption of blockchain technology?

Bai, Yutong; Liu, Yang; Yeo, Wee Meng

doi:10.1016/j.jdec.2022.12.002

Cited by 10 publications

(4 citation statements)

References 46 publications

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“…Blockchain technology facilitates the development of SCF [2,12,16,[36][37][38]. Li et al outlined the role of blockchain in SCF: blockchain technology can transmit the credit of core companies to the end of the supply chain, smart contracts can guarantee the execution of contracts, blockchain can provide data security and digital assets can track the flow of assets [4].…”

Section: Literature Reviewmentioning

confidence: 99%

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The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game

2023

Sustainability

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With the gradual and widespread application of blockchain technology in the supply chain, its characteristics can help solve the financing problem of MSMEs. To this end, this paper constructs a cooperative game model for suppliers, manufacturers and retailers in the case of a cross-level guarantee of order-to-factoring, studies the pricing strategy of supply chain finance members based on blockchain technology by adopting the Stackelberg primary-secondary game method, and makes a reasonable allocation of total supply chain revenue with the help of the Shapley value of the cooperative game. The study found that the adoption of blockchain can be effective in increasing the benefits to supply chain members and systems. The adoption of blockchain increases the blockchain costs but decreases the financing costs for the supplier. The Shapley value of the cooperative game is used to distribute the benefits, allowing for Pareto improvements in the benefits to supply chain members. In the next step, we will focus on examining the impact of risk assessment and the degree of information disclosure on supply chain finance with blockchain technology.

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Section: Literature Reviewmentioning

confidence: 99%

“…Using the inverse solution method, the first-order partial derivative and the secondorder partial derivative of Equation (36) with respect are:…”

Section: Supplier Manufacturer and Retailer Alliance Game Modelmentioning

confidence: 99%

The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game

2023

Sustainability

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“…[39] achieved full chain transparency and information sharing through the multi-signature method of blockchain, thereby improving the ability of commodity supply chain governance. Furthermore, regulatory issues cannot be ignored when blockchain is applied to supply chain management [40]. Li et al [41] introduced an efficient consensus mechanism to improve the efficiency of the consensus process and leveraged the deployed blockchain network to store records securely.…”

Section: Blockchain Technology In Supply Chain Managementmentioning

confidence: 99%

Distributed Dynamic Pricing Strategy Based on Deep Reinforcement Learning Approach in a Presale Mechanism

Liang

Dong-jun

et al. 2023

Sustainability

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Despite the emergence of a presale mechanism that reduces manufacturing and ordering risks for retailers, optimizing the real-time pricing strategy in this mechanism and unknown demand environment remains an unsolved issue. Consequently, we propose an automatic real-time pricing system for e-retailers under the inventory backlog impact in the presale mode, using deep reinforcement learning technology based on the Dueling DQN algorithm. This system models the multicycle pricing problem with a finite sales horizon as a Markov decision process (MDP) to cope with the uncertain environment. We train and evaluate the proposed environment and agent in a simulation environment and compare it with two tabular reinforcement learning algorithms (Q-learning and SARSA). The computational results demonstrate that our proposed real-time pricing learning framework for joint inventory impact can effectively maximize retailers’ profits and has universal applicability to a wide range of presale models. Furthermore, according to a series of experiments, we find that retailers should not neglect the impact of the presale or previous prices on consumers’ purchase behavior. If consumers pay more attention to past prices, the retailer must decrease the current price. When the cost of inventory backlog increases, they need to offer deeper discounts in the early selling period. Additionally, introducing blockchain technology can improve the transparency of commodity traceability information, thus increasing consumer demand for purchase.

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“…Cong et al (2019) modeled the endogenous growth of a blockchain ecosystem and provided an estimation framework for cryptocurrency and crypto tokens. Bai et al (2022) developed a conceptual framework for blockchain and supply chains by shedding light on the challenges of blockchain adoption.…”

Section: Introductionmentioning

confidence: 99%

Blockchain and Bank Lending Behavior: A Theoretical Analysis

Wang

2023

SAGE Open

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The application of blockchain technology in the financial industry has become the focus of global attention; thus, the traditional credit business of commercial banks faces unprecedented opportunities and challenges. Based on the theoretical analysis, this study systematically examines the dynamic impact of blockchain on the lending behavior of commercial banks. The results indicate that, in the case of interest rate marketization, the blockchain expands bank credit through the mechanism of “reducing management costs”; in the case that interest rates have not yet been marketized, the blockchain can also increase bank lending through the channel of “correcting the price of funds” by narrowing the difference between the market equilibrium and the bank deposit interest rate. The results are of great significance for a deeper understanding of the impact and mechanism of blockchain on bank credit. JEL codes: G21; O31; O33

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Supply chain finance: What are the challenges in the adoption of blockchain technology?

Cited by 10 publications

References 46 publications

The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game

The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game

Distributed Dynamic Pricing Strategy Based on Deep Reinforcement Learning Approach in a Presale Mechanism

Blockchain and Bank Lending Behavior: A Theoretical Analysis

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