Blockchain-driven supply chain decentralized operations - information sharing perspective

Purpose Information sharing helps improve the efficiency of the supply chain. However, there are some problems in the multi-stage structure supply chain, such as untimely information feedback and distortion. Despite recent progress in ensuring improved collaboration in the past decade or so, the inefficiency status continues to persist. It is also difficult to add value to the supply chain. The information sharing framework and decentralized model designed in this paper are to deal with existing problems. Design/methodology/approach This paper is based on the theoretical research of supply chain information asymmetry and synergetics. We attempt to introduce blockchain technology into supply chain operation management, reconstruct information sharing architecture and provide a new decentralized mode to promote the collaborative operation of all nodes. The information sharing and decentralization operational model are built, which has changed the hierarchical relationship between upstream and downstream enterprises, regarding customers as the center of the whole system and effectively reducing the bullwhip effect. Finally, we selected the home supply chain as an example design and performed system dynamics simulation on the blockchain-based operation process. Findings The model of setting up the scene application mode based on blockchain is helpful to realize the goal of supply chain management to reduce cost, improve quality and enhance the overall efficiency of the system. Originality/value Based on the blockchain technology, this paper constructed a new supply chain operation mode and used the synergetic theory and the concept of the product-service system to explain the process of value increment in detail.

Automated summary

The establishment of the information sharing and decentralization operational model effectively addresses the existing problems in the supply chain, placing customers at the center of the entire system and promoting collaborative operations of all nodes, leading to a successful reduction in the bullwhip effect.