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Improving Supply Chain Resilience with Establishing A Decentralized Information Sharing Mechanism

Published: 16 July 2018 Publication History

Abstract

With the rapid development of economic globalization, the characteristics of supply chain such as large amount of participants, scattered geographical distribution, and long time span require the participants in supply chain to trust each other for efficient information exchange. Targeting at the pain points such as low trust degree and untimely information exchange in traditional supply chain information system, combining with the core advantages of blockchain technology, this paper proposes the concept of reorganization of supply chain information system based on blockchain technology.
In this paper, we first review the key problems in supply chain management, analyze the key factors that weaken the resilience of the supply chain, derive the root causes of supply chain information asymmetry and the raise of supply chain risks as a whole caused by imperfections of the trust mechanism. Aimed at the above problems, the concept of reconfiguring the supply chain information system by using blockchain technology is proposed and verified by examples. Finally, by means of the conceptual model of the information platform based on the blockchain technology conceived in this paper, the specific tactics to be implemented and future challenges are clarified for the improvement of supply chain resilience.

References

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Zhang, Pan., Xiong, Yu., Xiong, Zhongkai., Yan, Wei. (2014) 'Designing contracts for a closed-loop supply chain under information asymmetry', Operations Research Letters, Volume 42, Issue 2, March 2014, pp. 150--155
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Wang, Xinhui., Guo, Hongmei., Wang, Xianyu. (2017) 'Supply chain contract mechanism under bilateral information asymmetry', Computers & Industrial Engineering, Volume 113, November 2017, pp. 356--368.
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Brusset, Xavier., Teller, Christoph. (2017) 'Supply chain capabilities, risks, and resilience', Int. J. of Production Economics, Volume 184, February 2017, pp. 59--68
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Gill, Asif Qumer., Phennel, Nathan., Lane, Dean., Phung, Vinh Loc. (2016) 'IoT-enabled emergency information supply chain architecture for elderly people: The Australian context', Information Systems, Volume 58, June 2016, pp. 75--86.
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Ribeiro, Joao Pires., Barbosa-Povoa, Ana. (2018) 'Supply Chain Resilience: Definitions and quantitative modelling approaches? A literature review', Computers & Industrial Engineering, Volume 115, January 2018, pp. 109--122.
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Udenio, Maximiliano., Fransoo, Jan C., Peels, Robert. (2015) 'Destocking, the bullwhip effect, and the credit crisis: Empirical modeling of supply chain dynamics', Int. J. of Production Economics, Volume 160, February 2015, pp. 34--46.
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Singh, Anil., Teng, James T.C. (2016) 'Enhancing supply chain outcomes through Information Technology and Trust', Computers in Human Behavior, Volume 54, January 2016, pp. 290--300.
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Noguchi, Yukio. (2017) 'Blockchain Revolution: The Advent of Distributed Autonomous Society' (in Japanese). Nikkei Publishing Inc.
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Kshetri, Nir. (2018) '1 Blockchain's roles in meeting key supply chain management objectives', Int. J. of Information Management, Volume 39, April 2018, pp. 80--89.
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Cited By

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  • (2024)Achieving supply chain sustainability: enhancing supply chain resilience, organizational performance, innovation and information sharing: empirical evidence from Chinese SMEsModern Supply Chain Research and Applications10.1108/MSCRA-01-2024-0002Online publication date: 1-Oct-2024
  • (2023)Investigating Relevant Data in Automotive Procurement Departments: External Shocks as Transparency Creator for Data Deficits in Decision-MakingInformation Systems Frontiers10.1007/s10796-023-10444-zOnline publication date: 18-Nov-2023
  • (2023)Enhancing supply chain resilience and realizing green sustainable development through the virtual environment of the metaverseSustainable Development10.1002/sd.266332:1(438-454)Online publication date: 11-Jul-2023
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cover image ACM Other conferences
MISNC '18: Proceedings of the 5th Multidisciplinary International Social Networks Conference
July 2018
177 pages
ISBN:9781450364652
DOI:10.1145/3227696
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 16 July 2018

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Author Tags

  1. Blockchain
  2. Decentralized Mechanism
  3. Information Sharing
  4. Supply Chain Resilience

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MISNC '18

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Overall Acceptance Rate 57 of 97 submissions, 59%

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Cited By

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  • (2024)Achieving supply chain sustainability: enhancing supply chain resilience, organizational performance, innovation and information sharing: empirical evidence from Chinese SMEsModern Supply Chain Research and Applications10.1108/MSCRA-01-2024-0002Online publication date: 1-Oct-2024
  • (2023)Investigating Relevant Data in Automotive Procurement Departments: External Shocks as Transparency Creator for Data Deficits in Decision-MakingInformation Systems Frontiers10.1007/s10796-023-10444-zOnline publication date: 18-Nov-2023
  • (2023)Enhancing supply chain resilience and realizing green sustainable development through the virtual environment of the metaverseSustainable Development10.1002/sd.266332:1(438-454)Online publication date: 11-Jul-2023
  • (2022)Blockchain-Enabled Open Quality System for Smart Manufacturing: Applications and ChallengesSustainability10.3390/su14181167714:18(11677)Online publication date: 17-Sep-2022
  • (2022)Utilizing Blockchain Technology to Manage the Dark and Bright Sides of Supply Network Complexity to Enhance Supply Chain SustainabilityComplexity10.1155/2022/77345802022Online publication date: 1-Jan-2022
  • (2022)Evaluation of project completion time prediction accuracy in a disrupted blockchain-enabled project-based supply chainInternational Journal of Systems Science: Operations & Logistics10.1080/23302674.2022.215229610:1Online publication date: 4-Dec-2022
  • (2021)Theoretical Exploration of Supply Chain Viability Utilizing Blockchain TechnologySustainability10.3390/su1315823113:15(8231)Online publication date: 23-Jul-2021
  • (2021)Supply Chain Disruption Risk Management with Blockchain: A Dynamic Literature ReviewInformation10.3390/info1202007012:2(70)Online publication date: 7-Feb-2021
  • (2021)Blockchain in supply chain management: a grounded theory-based analysisKybernetes10.1108/K-05-2021-038452:4(1425-1444)Online publication date: 20-Dec-2021
  • (2020)Sea Food Supply Chain Management Using Blockchain2020 6th International Conference on Advanced Computing and Communication Systems (ICACCS)10.1109/ICACCS48705.2020.9074473(473-476)Online publication date: Mar-2020
  • Show More Cited By

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