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Differential Game Model of Information Sharing among Supply Chain Finance Based on Blockchain Technology

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  • Minyi Xu

    (Institute of Block Chain and Complex Systems, Nanjing Tech University, Nanjing 211816, China
    School of Physical and Mathematical Sciences, Nanjing Tech University, Nanjing 211816, China)

  • Shujian Ma

    (Institute of Block Chain and Complex Systems, Nanjing Tech University, Nanjing 211816, China
    School of Physical and Mathematical Sciences, Nanjing Tech University, Nanjing 211816, China
    School of Economics & Management, Nanjing Tech University, Nanjing 211816, China)

  • Gang Wang

    (Institute of Block Chain and Complex Systems, Nanjing Tech University, Nanjing 211816, China
    School of Physical and Mathematical Sciences, Nanjing Tech University, Nanjing 211816, China)

Abstract

In the development of traditional supply-chain finance, the information asymmetry of all parties in the supply chain has become the primary problem hindering its development. Blockchain technology is an effective method to solve the problem of information silos. Based on differential game theory, this paper constructs a game model of supply-chain financial information-sharing behavior based on blockchain technology. Three scenarios of independent decision, the cost-subsidy mechanism of financial institutions, and dealers and collaborative decisions are studied, and the theoretical model is verified through a simulation algorithm. The results show that information sharing in supply-chain finance based on blockchain technology is much higher than that of traditional supply-chain finance, and the use of blockchain technology can promote more sustainable development of supply chains. Blockchain technology can effectively solve the information-silo effect, and the information sharing cost-subsidy mechanism can effectively relieve the cost pressure of information sharing and optimize the supply-chain structure. In addition, the amount of information and benefits shared among the three parties of supply-chain finance based on blockchain technology and the overall benefits show an increasing and stabilized trend over time. This study provides a reference for supply-chain finance members to reasonably choose the optimal strategic behavior.

Suggested Citation

  • Minyi Xu & Shujian Ma & Gang Wang, 2022. "Differential Game Model of Information Sharing among Supply Chain Finance Based on Blockchain Technology," Sustainability, MDPI, vol. 14(12), pages 1-21, June.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:12:p:7139-:d:835982
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    References listed on IDEAS

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    6. Rumeng Zhang & Lihong Li, 2023. "Research on Evolutionary Game and Simulation of Information Sharing in Prefabricated Building Supply Chain," Sustainability, MDPI, vol. 15(13), pages 1-24, June.
    7. Zhitao Xu & Adel Elomri & Roberto Baldacci & Laoucine Kerbache & Zhenyong Wu, 2024. "Frontiers and trends of supply chain optimization in the age of industry 4.0: an operations research perspective," Annals of Operations Research, Springer, vol. 338(2), pages 1359-1401, July.

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