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For Walmart’s pork or mango suppliers, until the positive market effects of improved food safety and quality result from the blockchain, there will be no significant change in the supplier market demand, but only a change in supply due to a change in Walmart’s attitude toward suppliers. This will be influenced by whether or not the pork or mango suppliers are willing to cooperate with Walmart in building the blockchain platform. This study aims to measure the perceived business benefits of blockchain technology implementation in the banking sector and establish factors to measure these benefits. Concerns regarding security, values, and standards are essential to banking operations. Data was collected from 291 respondents who are either blockchain consultants, blockchain marketing experts, or CEOs/business heads of banks that are in the process of advising, consulting, or implementing blockchain technology.
Huntkey Established a Low-Carbon Alliance to Develop Low … – PR Newswire
Huntkey Established a Low-Carbon Alliance to Develop Low ….
Posted: Thu, 28 Apr 2022 07:00:00 GMT [source]
Many scholars have focused on the impact of green energy-efficient supply chain management decisions on environmental issues. Lee’s research shows that consumers’ environmental requirements play an important role in enterprises’ https://forexarena.net/ willingness to participate in green supply chain. Zhu and He studied the optimal decision of product greenness level and pricing under horizontal and vertical supply chain competition based on game theory.
Future Research
Supply chain finance appears to be a new concept compared to traditional financing methods, and has become a hot research topic in supply chain and supply chain management study in recent years . The history of SCF dates back to the 1970s. The majority of early studies on SCF were conducted from the standpoints of trade credit and inventory.
In contrast, the exclusion criteria imply that the resource corresponds to only one SC or financial behavior aspect without considering economic ecology, and vice versa. Furthermore, when the financing behavior is involved only in one single organization without concerning the interaction between SC actors and finance is also excluded. The main methodology adopted in this paper is a systematic literature review with a concept description and content analysis. The systematic literature review is different from a traditional literature review. Methodology experts have classified the literature review into narrative and systematic.
Moreover, for achieving an enterprise’s long-term development strategies, introducing the Internet and mobile technology to integrate the four flows is inevitable . As a result, in addition to strengthening existing investments, SCF as one of the enterprise development tools, with the introduction of advanced financial-related IT and cloud computing, is required . In the future, emphasis should be placed on creating a big platform for the SC and financial ecosystem, combining industry and finance by increasing technological investment and management. The SC will no longer be a one-way flow; instead, it will stress multiparty cooperation within the entire financial ecosystem.
Fintech investment – Lloyds Banking Group
Fintech investment.
Posted: Tue, 29 Nov 2022 13:52:55 GMT [source]
The “greenwashing” behavior of enterprises will increase consumers’ suspicion of green products and negatively affect their purchase intention. Based on this perspective, Zamagni A. Studied the mediating role of green letters in the suspicion of green advertising and the willingness to buy green products. Hyoshin K. Considered the product price problem that “high value means environmental protection” and tested the impact of subsidy policies on the consumption of environmental protection products with an intuitive standard.
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Moreover, two or more parties in an SC jointly produce value , and the financial resources flow is managed on an inter-organizational level. Figure 6.Profitability of different models under price and quality sensitivity. Manufacturer 1’s profit. Retailers’ profits.
Rairo-Oper. Feature papers represent the most advanced research with significant potential for high impact in the field. A Feature Paper should be a substantial original Article that involves several techniques or approaches, provides an outlook for future research directions and describes possible research applications. This study investigates the importance of the determinants affecting the adoption and usage of blockchain-based SCM systems in the context of organizations.
- Low willingness to pay, high development cost, and high business uncertainty are important obstacles to the development of a green supply chain.
- The platform-based sharing economy has emerged alongside the rise of digital technology.
- Furthermore, traditional commercial banks play an essential role in the financial market.
- If the manufacturer’s income fails to cover the interest and loans, the manufacturer will declare bankruptcy and lose all initial funding.
- Hong, Z.F.; Guo, X.L. Green product supply chain contracts considering environmental responsibilities.
- The perspective of the green credit policy.
Acting as intermediaries between suppliers and buyers, these companies have a significant impact on the financial domain by providing benefits to both parties. Their primary focus is on enhancing working capital and minimizing contract processing costs for both suppliers and buyers. This strategy has already been embraced by various domains including healthcare supply chains and equipment financing, and it is now gaining traction among small and medium-sized businesses. ’ sub-supply chains adds significantly to a supply network’s complexity . At this SCF platform stage, Shen et al. , Bals et al. , and C.
Discussion—How Does the Full Potential of Blockchain Technology in Supply Chain Finance Look Like?
An integrative signaling view. Wan, X.; Qie, X. Poverty alleviation ecosystem evolutionary game on smart supply chain platform under the government financial platform incentive A Contribution to the SCF Literature mechanism. Ali, Z.; Gongbing, B.; Mehreen, A. Predicting supply chain effectiveness through supply chain finance. More, D.; Basu, P. Challenges of supply chain finance.
In 2020, Power Ledger announced a sustainable project to build an apartment and a blockchain platform with 39 apartments. The platform will be equipped with solar rooftop photovoltaics and local battery storage, allowing apartment owners to use it to sell excess solar energy they generate back into the grid. The green energy supply chain financing has the following problems. Table 3.The number of journals and articles involving both the perspectives of SCF and financial ecology/ecosystem included in the AJG2018 published between 2002 and 2022 .
In Figure 5c, it can be seen that for manufacturer M2, not sharing information is the dominant strategy only when consumers are extremely price sensitive to the product; otherwise, information sharing is the optimal strategy. In addition, it discusses the establishment and non-establishment of a blockchain technology-based information sharing platform and the long-term demand, pricing strategy, and revenue distribution after establishment. Furthermore, the paper discusses the situation of consumer surplus and social welfare from a public perspective, thus informing the decision-making of small and medium-sized supply chain members and the public sector.
Governments will use the Ethereum blockchain to record, store and track energy data. We can use smart contracts to sell excess renewable energy to other network participants, enabling peer-to-peer trading of energy. Currently, the world’s more well-known projects are Power Ledger, Greenium, and Rowan Energy.
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Thus, future research on SCF should focus more on standardization building to change this situation. Subsequently, Gelsomino et al. systematic research redefined SCF from the ‘Supply Chain-oriented’ and ‘Finance-oriented’ perspectives. It touched on the six factors of products, stakeholders, SCC, organization, finances, and technology mentioned by C.
Publisher’s summary This book investigates how the Blockchain Technology for Supply Chain Finance programs allows businesses to come together in partnerships and accelerate cash flows throughout the supply chain. BCT promises to change the way individuals and corporations exchange value and information over the Internet, and is perfectly positioned to enable new levels of collaboration among the supply chain actors. The book reveals new opportunities stemming from the application of BCT to SCF financing solutions, particularly reverse factoring – or approved payables financing. To do so, it first identifies the principal barriers and pain points in delivering financing solutions. Then, a possible blockchain-driven supply chain model is defined. Using this framework, the book subsequently discusses relevant use cases for the technology, which could open up new opportunities in the SCF space.
With the addition of the bank’s green credit fund T, manufacturers will gain new impetus for green emission reduction. Considering the manufacturer’s false report, with the addition of green credit funds, the proportion of capital in net profit increases. Manufacturers will blindly overproduce green products, making green products squeezed. In this section, we will consider the adoption of blockchain technology for a green energy-efficient supply chain. Similar to Section 4, we will analyze two cases of product green information withholding and non-withholding, namely cooperation game and Stackelberg game, to explore how blockchain technology affects green energy-efficient supply chain performance. This article uses the lower corner label “B” to indicate the case with blockchain.
Intuitively, when green sensitivity beta is in a relatively high range, manufacturers and retailers are more inclined to increase green levels and sell more products. In particular, retailers will raise wholesale prices and manufacturers will improve green levels and increase production to meet increased market demand. The structure of this paper is as follows. The relevant literature is reviewed in Section 2. In Section 3, the model and hypothesis are described, the financing mode of green energy-efficient supply chain is constructed, and the sequence of events is analyzed. Section 4 discusses the cooperative game and Stackelberg game scenarios without blockchain technology.
This paper proposes a green supply chain financing scheme based on blockchain technology to prevent manufacturers from lying and compares it with the traditional green supply chain financing scheme. The main contributions of this paper can be summarized in the following four aspects. First of all, this paper fills the literature gap between blockchain technology and green supply chain financing.