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A Framework of a Blockchain-Supported Remanufacturing Trading Platform through Gap Analysis

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  • Zhaohui Feng

    (School of Automobile and Traffic Engineering, Wuhan University of Science & Technology, Wuhan 430065, China
    Green Manufacturing Engineering Research Institute, Wuhan University of Science &Technology, Wuhan 430081, China)

  • Wei Li

    (School of Automobile and Traffic Engineering, Wuhan University of Science & Technology, Wuhan 430065, China)

  • Hua Zhang

    (Green Manufacturing Engineering Research Institute, Wuhan University of Science &Technology, Wuhan 430081, China)

  • Xumei Zhang

    (School of Automobile and Traffic Engineering, Wuhan University of Science & Technology, Wuhan 430065, China)

Abstract

Considering that consumers are more willing to buy products online, companies are increasingly selling remanufactured products online through e-commerce platforms. Notwithstanding the high attention it elicits from researchers and companies, the current study on the remanufacturing trading platform is still in its infancy. Thus, we investigate 20 remanufacturing trading platforms and make a gap analysis among them in terms of (i) business model, (ii) product display, (iii) delivery products, (iv) quality assurance and after-sales service, (v) product review and star rate, and (vi) transaction and payment. On this basis, we analyze features for the development of remanufacturing trading platforms and propose six key applications aimed at filling the identified gaps. The consortium blockchain has the characteristics of security and transparency, high credibility, traceability and unfalsifiability, low cost, and strong scalability, which can provide effective support for the six key applications. Then, we construct the technical framework and the model of a consortium blockchain-supported remanufacturing trading platform. Further, we analyze the coupling mechanism between the consortium blockchain and the remanufacturing trading platform to explain how the remanufacturing trading platform supported by the consortium blockchain achieves the development characteristics. This study provides important guidance for the development, construction, and operation management of remanufacturing trading platforms.

Suggested Citation

  • Zhaohui Feng & Wei Li & Hua Zhang & Xumei Zhang, 2023. "A Framework of a Blockchain-Supported Remanufacturing Trading Platform through Gap Analysis," Sustainability, MDPI, vol. 15(16), pages 1-23, August.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:16:p:12120-:d:1212812
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    References listed on IDEAS

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    4. Volodymyr Babich & Gilles Hilary, 2020. "OM Forum—Distributed Ledgers and Operations: What Operations Management Researchers Should Know About Blockchain Technology," Manufacturing & Service Operations Management, INFORMS, vol. 22(2), pages 223-245, March.
    5. Michael Weber & Ali Ozdagli, 2016. "Monetary Policy Through Production Networks: Evidence from the Stock Market," 2016 Meeting Papers 148, Society for Economic Dynamics.
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