Blockchain-based agri-food supply chain management: case study in China

Abstract

The fundamental purpose of agri-food supply chain management is to restrict opportunism caused by information asymmetry. Traditional Chinese agri-food supply chain management introduces a contract mechanism and a trust mechanism to manage the uncertainty of the agri-food quasi-organization. However, it is almost impossible to improve the efficiency of transactions and maintain agri-food supply chain stability in the case of asymmetric information. Nowadays, blockchain, Internet of Things technology and big data drive the agri-food supply chain into a vast smart network which would break the information constraints. This paper analyzes the coupling between blockchain-based digital system and the agri-food supply chain. In addition, this paper presents two cases from China, indicating that the proposed blockchain-based system can achieve disruptive transformation in agri-food supply chain management.