Implementation of blockchain-enabled supply chain finance solutions in the agricultural commodity supply chain: a transaction cost economics perspective

BHATIA, Manjot Singh, CHAUDHURI, Atanu, KAYIKCI, Yasanur and TREIBLMAIER, Horst (2023). Implementation of blockchain-enabled supply chain finance solutions in the agricultural commodity supply chain: a transaction cost economics perspective. Production Planning & Control.

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Official URL: https://www.tandfonline.com/doi/full/10.1080/09537...
Link to published version:: https://doi.org/10.1080/09537287.2023.2180685

Abstract

Agricultural commodity supply chains are characterised by the involvement of multiple intermediaries, lack of access to finance and poor financial conditions of farmers. Additionally, there exist numerous inefficiencies and a lack of transparency in the trading processes. Blockchain-enabled supply chain finance (SCF) solutions can potentially help to overcome these problems. However, there is limited research on the process of developing and implementing such solutions and the potential consequences of their implementation. In this paper, we apply the Context-Intervention-Mechanism-Outcome (CIMO) framework to systematically analyse case studies of four firms that have developed blockchain-enabled SCF solutions in agricultural commodity supply chains. The findings show that blockchain-enabled SCF solutions can reduce different types of transaction costs such as costs associated with information search, negotiation and contracting costs, and costs of accessing finance. The solutions designed with the core objective of improving the financial conditions of farmers will differ from those with the core objective of reducing process inefficiencies. The findings of the study will benefit companies planning to develop and implement blockchain-enabled SCF solutions, by highlighting operational challenges and offering concrete solutions on how they can be overcome.

Item Type: Article
Uncontrolled Keywords: Blockchain; supply chain finance; agricultural commodity supply chain; Transaction Cost Economics; CIMO analysis; Operations Research
Identification Number: https://doi.org/10.1080/09537287.2023.2180685
SWORD Depositor: Symplectic Elements
Depositing User: Symplectic Elements
Date Deposited: 21 Feb 2023 14:51
Last Modified: 11 Oct 2023 17:01
URI: https://shura.shu.ac.uk/id/eprint/31535

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