Blockchain Adoption and Collaborative Emission Reduction in Vertical‐Shareholding Supply Chain

ABSTRACT This study investigates the role of blockchain technology in collaborative emission reduction in vertical‐shareholding supply chains. The collaborative emission reduction decisions of the manufacturer and retailer are examined for four scenarios of whether or not to adopt blockchain technology in the manufacturer‐ and retailer‐led supply chain. The results show that under the manufacturer‐led, they have incentive alignment to adopt blockchain technology when the unit cost of using blockchain technology is low and the retailer's misrepresentation factor is high, regardless of the manufacturer's shareholding ratio. However, under the retailer‐led, their incentive alignment is closely related to the manufacturer's shareholding ratio.