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An analysis of strategies for adopting blockchain technology in the fresh product supply chain

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  • Xue-Yan Wu
  • Zhi-Ping Fan
  • Bing-Bing Cao

Abstract

This paper investigates the strategies for adopting blockchain technology in the fresh product supply chain (FPSC) consisting of a supplier, a third-party logistics service provider (3PL) and an e-tailer. We analyse the optimal strategies of FPSC members under the benchmark scenario where the FPSC does not adopt blockchain technology and those under the three scenarios where the supplier, 3PL and e-tailer lead the construction of the blockchain-based traceability system (BTS), respectively. We find that adopting blockchain technology is not always the optimal decision for the FPSC, which is related to the consumers’ acceptance degree for the product without blockchain technology, the deterioration rate of the fresh product and the allocation proportion of traceability cost of FPSC members when adopting blockchain technology. Regardless of the power and status of each member in the FPSC, it can lead the construction of the BTS. From the perspective of whole FPSC’s profit maximisation, the leader of the FPSC should lead the construction of the BTS under the coordination of a two-part tariff contract. This study provides valuable insights for FPSCs to adopt blockchain technology.

Suggested Citation

  • Xue-Yan Wu & Zhi-Ping Fan & Bing-Bing Cao, 2023. "An analysis of strategies for adopting blockchain technology in the fresh product supply chain," International Journal of Production Research, Taylor & Francis Journals, vol. 61(11), pages 3717-3734, June.
    • Handle: RePEc:taf:tprsxx:v:61:y:2023:i:11:p:3717-3734
    DOI: 10.1080/00207543.2021.1894497
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    Citations

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    Cited by:

    1. Yu Xia & Rongrong Shang & Mingxia Wei & Zhenke Wei, 2024. "Optimal pricing and financing decision of dual-channel green supply chain considering product differentiation and blockchain," Annals of Operations Research, Springer, vol. 338(2), pages 1317-1358, July.
    2. Shuai Zhao & Xiaoning Cao, 2024. "Sustainable Suppliers-to-Consumers’ Sales Mode Selection for Perishable Goods Considering the Blockchain-Based Tracking System," Sustainability, MDPI, vol. 16(8), pages 1-32, April.
    3. Hongbo Tu & Mo Pang & Lin Chen, 2023. "Freshness-Keeping Strategy of Logistics Service Providers: The Role of the Interaction between Blockchain and Overconfidence," Mathematics, MDPI, vol. 11(17), pages 1-35, August.
    4. Yong Wang & Xudong Deng & Qian Lu & Mingke Guan & Fen Lu & Xiaochang Wu, 2023. "Developing Platform Supply Chain Contract Coordination and a Numerical Analysis Considering Fresh-Keeping Services," Sustainability, MDPI, vol. 15(18), pages 1-20, September.
    5. Zhou, Zhiyong & Wu, Yanhong & Xie, Qinghua, 2024. "Social responsibility, information technology, and high-quality development of mining enterprise using structural equation modeling (SEM)," Resources Policy, Elsevier, vol. 91(C).
    6. Zhao, Qingli & Fan, Zhi-Ping & Sun, Minghe, 2024. "Sales mode selection and blockchain technology adoption decisions in a platform supply chain," International Journal of Production Economics, Elsevier, vol. 272(C).
    7. Zhao, Qingli & Fan, Zhi-Ping & Sun, Minghe, 2024. "Manufacturer blockchain technology adoption strategies for different sales channels in an e-commerce platform supply chain," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 185(C).
    8. Peter Sasitharan Gandhi Maniam & Catherine Prentice & Anne-Marie Sassenberg & Jeffrey Soar, 2023. "Identifying an Optimal Model for Blockchain Technology Adoption in the Agricultural Sector," Logistics, MDPI, vol. 7(3), pages 1-19, September.

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