Early Adopter or Follower? The Strategic Equilibrium of Blockchain Technology Adoption Strategy for Competing Agri-Food Supply Chains

Ye, Fei; Liu, Siyu; Li, Yina; Zhan, Yuanzhu; Cai, Zigong; Kumar, Ajay

doi:10.1109/tem.2022.3205342

Cited by 11 publications

(6 citation statements)

References 50 publications

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“…Besides, the application of blockchain technology in the fresh agricultural product supply chain has also been considered by some scholars. For instance, Wu et al (2021) study the optimal blockchain technology adoption strategies in the fresh product supply chain, which consists of a supplier, a third-party logistics provider, and an e-tailer; while Ye et al (2022) study the optimal blockchain technology adoption strategies in the context of two competing agri-food supply chains. In addition, some papers consider the impacts of the adoption of blockchain technology on operation strategy.…”

Section: Blockchain Technologymentioning

confidence: 99%

Interaction between joining platform blockchain technology and channel encroachment for fresh agricultural product firms

Wang

Cao

2023

Int Trans Operational Res

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In recent years, some e‐commerce platforms (e.g., JD.com), which allow firms to set up third‐party stores on them, have established their own blockchain technology and publicly provided blockchain technology to firms. Besides, source tracing of fresh agricultural products on blockchain is a concern for consumers. For firms selling fresh agricultural products, whether to join the platform blockchain technology to disclose product freshness and whether to set up third‐party stores on platforms are thorny problems. To research the interaction between joining the platform blockchain technology strategy and channel encroachment decision for fresh agricultural product firms, we consider four theoretical models. The main results demonstrate that whether firms set up third‐party stores on the platforms or not, their strategies of joining the platform blockchain technology are dependent on consumer's sensitivity to the freshness‐keeping effort level of fresh agricultural product, consumer's trust degree of freshness‐keeping effort level, and the unit blockchain operation cost. Besides, if firms set up third‐party stores, the willingness of joining the platform blockchain technology will increase. Firms’ channel encroachment willingness will also be affected by their joining the platform blockchain technology strategy. Moreover, when considering the fresh agricultural product supply chain, these main conclusions are still held.

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Section: Blockchain Technologymentioning

confidence: 99%

Interaction between joining platform blockchain technology and channel encroachment for fresh agricultural product firms

Wang

Cao

2023

Int Trans Operational Res

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“…Adopting the technology will not happen out of thin air but because of a rule or regulation. Competitive pressure is described as "the degree of pressure faced by the companies from competitors inside the industry" [97]. Organizations are encouraged to research to thrive and remain competitive in the market.…”

Section: Competitive Pressurementioning

confidence: 99%

Exploring Factors and Impact of Blockchain Technology in the Food Supply Chains: An Exploratory Study

Mohammed

Potdar

Quaddus

2023

Foods

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Blockchain technology (BCT) has been proven to have the potential to transform food supply chains (FSCs) based on its potential benefits. BCT promises to improve food supply chain processes. Despite its several benefits, little is known about the factors that drive blockchain adoption within the food supply chain and the impact of blockchain technology on the food supply chain, as empirical evidence is scarce. This study, therefore, explores factors, impacts and challenges of blockchain adoption in the FSC. The study adopts an exploratory qualitative interview approach. The data consist of Twenty-one interviews which were analyzed using thematic analysis techniques in NVivo (v12), resulting in identifying nine factors classified under three broad categories (Technology—complexity, compatibility, cost; Organization—organization size, knowledge; Environment—government support, competitive pressure, standardization, and compliance) as the most significant factors driving blockchain adoption in the FSC. In addition, five impacts were identified (visibility, performance, efficiency, trust, and value creation) to blockchain technology adoption. This study also identifies significant challenges of blockchain technology (interoperability, privacy, infrastructure conditions, and lack of knowledge). Based on the findings, the study developed a conceptual framework for blockchain adoption in food supply chains. The study adds to the corpus of knowledge by illuminating the adoption of blockchain technology and its effects on food supply chains and by giving the industry evidence-based guidance for developing its blockchain plans. The study provides full insights and awareness of blockchain adoption challenges among executives, supply chain organizations, and governmental agencies.

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“…The blockchain technology developer's subsidy can be a unit development cost subsidy or a fixed cost subsidy. Considering the yield uncertainty, Ye et al [28] explored three subsidy strategies regarding blockchain adoption (none, single, and both supply chains) in two competing agricultural supply chains. Xu et al [29] examined the optimal quality of supply and price subsidy strategies for the producer and the seller in a two-level agricultural supply chain.…”

Section: Subsidy Strategies In Agricultural Supply Chainsmentioning

confidence: 99%

“…Liu et al [27] further considered the blockchain-based traceability information's trust level and consumers' preference for traceability information in a fresh supply chain. Considering the yield uncertainty, Ye et al [28] explored how two competing agri-food supply chains adopt blockchain technology and how the government chooses the optimal subsidy strategy. Through evolutionary game analysis, Zheng et al [38] investigated the government's regulatory and producer's blockchain traceability strategies in an agricultural supply chain.…”

Section: Blockchain In Agricultural Supply Chainsmentioning

confidence: 99%

Blockchain Adoption and Organic Subsidy in an Agricultural Supply Chain Considering Market Segmentation

Li,

Yang,

Shi

2023

Mathematics

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The quality authenticity of organic agricultural products has always been a hot issue for consumers. Blockchain’s advantages in information traceability and preventing data from being tampered with can reduce fake and counterfeit products, increasing the consumers’ trust in the quality of organic agricultural products. Considering market segmentation of consumer types in organic agricultural products (OPs) and conventional agricultural products (CPs), this study builds a game-theoretical model to explore how participants decide between blockchain traceability platforms and organic subsidy strategies. Results show that the producer should introduce the blockchain when the fraction of blockchain technology’s total cost shared by the producer is smaller and the fixed cost of implementing blockchain is higher or when the fraction of blockchain technology’s total cost shared by the producer is higher and the fixed cost of implementing blockchain is lower. The retailer is inclined to an organic subsidy, and the smaller the market proportion of undifferentiated-conscious consumers (UCCs), the more inclined the retailer is to the organic subsidy strategy. In addition, the market share of UCCs positively promotes the sales quantities and supply chain profits of CPs but is not conducive to the sales quantities of OPs.

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Early Adopter or Follower? The Strategic Equilibrium of Blockchain Technology Adoption Strategy for Competing Agri-Food Supply Chains

Cited by 11 publications

References 50 publications

Interaction between joining platform blockchain technology and channel encroachment for fresh agricultural product firms

Interaction between joining platform blockchain technology and channel encroachment for fresh agricultural product firms

Exploring Factors and Impact of Blockchain Technology in the Food Supply Chains: An Exploratory Study

Blockchain Adoption and Organic Subsidy in an Agricultural Supply Chain Considering Market Segmentation

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