It’s real,trust me! Establishing supply chain provenance using blockchain |
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| Institution: | 1. Gustavson School of Business, University of Victoria, PO Box 1700 STN CSC, Victoria, BC V8W 2Y2, Canada;2. Falmouth Business School, Falmouth University, Penryn, Cornwall TR10 9FE, UK;1. School of Industrial Engineering & Management, KTH - Royal Institute of Technology, Lindstedtsvagen 30, 114 28 Stockholm, Sweden;2. Research Institute of Industrial Economics, Grevgatan 34, SE-10215 Stockholm, Sweden;3. Pontifical Catholic University of Parana, R. Imaculada Conceição 1155, 80215-901 Curitiba, Brazil;1. Luleå University of Technology, Universitetsområdet, Porsön, 971 87 Luleå, Sweden;2. KTH Royal Institute of Technology, Lindstedtsvägen 30, 114 28 Stockholm, Sweden;3. School of Business & Technology, Webster University Geneva, 15 Route de Collex, 1293 Bellevue, Geneva, Switzerland |
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| Abstract: | In a global marketplace, customers are often unaware of the exact sources of the products they purchase and consume. To address this lack of awareness, blockchain technology can be implemented in supply chains to increase customers’ knowledge of products’ provenance. Provenance knowledge—information about products’ origin, production, modifications, and custody—enables customers to be assured of their purchasing decisions. This assurance comes from information on the origin, authenticity, custody, and integrity of the product that helps reduce risk perceptions. We develop a provenance knowledge framework and show how its application can enhance assurances and reduce perceived risks via the application of blockchain. We present a guide on how to implement blockchain to establish provenance knowledge and close with a kind warning on the importance of demonstrating the value of blockchain to customers. |
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| Keywords: | Provenance Quality assurance Risk reduction Supply chain Blockchain Provenance knowledge Supply chain risk management |
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