An equilibrium analysis of blockchain integration strategies in the livestock meat supply chain considering consumers’ preference for quality trust

Purpose This paper aims to explore blockchain integration strategies within a three-level livestock meat supply chain in which consumers have a preference for quality trust in livestock meat products. The paper investigates three questions: First, how does consumers’ preference for quality trust affect blockchain integration and transaction decisions among supply chain participants? Second, under what circumstances will retailers choose to participate in the blockchain? Finally, how can other factors such as blockchain costs and supplier–retailer partnership value affect integration decisions? Design/methodology/approach This paper formulates a supply chain network equilibrium model and employs the logarithmic-quadratic proximal prediction-correction method to obtain equilibrium decisions. Extensive numerical studies are conducted using a pork supply chain network to analyze the implications of blockchain integration for different supply chain participants. Findings The results reveal several key insights: First, suppliers’ increased blockchain integration, driven by higher quality trust preference, can negatively affect their profits, particularly, with excessive trust preferences and high blockchain costs. Second, an increase in consumers’ preference for quality trust expands the range of unit operating costs for retailers engaging in blockchain. Finally, the supplier–retailer partnership drives retailer blockchain participation, facilitating enhanced information sharing to benefit the entire supply chain. Originality/value This study provides original insights into blockchain integration strategies in an agricultural supply chain through the application of the supply chain network equilibrium model. The investigation of several key factors on equilibrium decisions provides important managerial implications for different supply chain participants to address consumers’ preference for quality trust and enhance overall supply chain performance.

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Publication Details

Journal
Kybernetes
Published
2024-08-25
DOI
https://doi.org/10.1108/k-03-2024-0609
Citations
2
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
1.56
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article

An equilibrium analysis of blockchain integration strategies in the livestock meat supply chain considering consumers’ preference for quality trust

Yiping Jiang, Junyi Lin, Jie Chu, Xiaoling Fu et al.
2 citations
Kybernetes
Blockchain Technology Applications and Security
1.56
article

An equilibrium analysis of blockchain integration strategies in the livestock meat supply chain considering consumers’ preference for quality trust

Yiping Jiang, Junyi Lin, Jie Chu, Xiaoling Fu, Shanshan Zhou
article en
2 citations

Abstract

Purpose This paper aims to explore blockchain integration strategies within a three-level livestock meat supply chain in which consumers have a preference for quality trust in livestock meat products. The paper investigates three questions: First, how does consumers’ preference for quality trust affect blockchain integration and transaction decisions among supply chain participants? Second, under what circumstances will retailers choose to participate in the blockchain? Finally, how can other factors such as blockchain costs and supplier–retailer partnership value affect integration decisions? Design/methodology/approach This paper formulates a supply chain network equilibrium model and employs the logarithmic-quadratic proximal prediction-correction method to obtain equilibrium decisions. Extensive numerical studies are conducted using a pork supply chain network to analyze the implications of blockchain integration for different supply chain participants. Findings The results reveal several key insights: First, suppliers’ increased blockchain integration, driven by higher quality trust preference, can negatively affect their profits, particularly, with excessive trust preferences and high blockchain costs. Second, an increase in consumers’ preference for quality trust expands the range of unit operating costs for retailers engaging in blockchain. Finally, the supplier–retailer partnership drives retailer blockchain participation, facilitating enhanced information sharing to benefit the entire supply chain. Originality/value This study provides original insights into blockchain integration strategies in an agricultural supply chain through the application of the supply chain network equilibrium model. The investigation of several key factors on equilibrium decisions provides important managerial implications for different supply chain participants to address consumers’ preference for quality trust and enhance overall supply chain performance.

KybernetesVol. 54(13)
Nanjing Agricultural University (CN), Southeast University (BD), Xi’an Jiaotong-Liverpool University (CN)
Partnerships for the goals
Openalex Percentile: Top 13%
Blockchain Technology Applications and Security
1.56
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