How blockchain impacts the supply chain finance platform business model reconfiguration

Abstract

This paper aims to explore how blockchain facilitates supply chain finance (SCF) platform business model reconfiguration. We conduct a case study on a typical Chinese SCF platform to address research questions and propose a blockchain-enabled SCF platform business model framework. The results show that (1) the reconfiguration of the SCF platform business model is driven by internal factors (content, governance, transaction structure) and external factors (sector dynamics, geographical environment, technology) in the context of blockchain. (2) Blockchain influences the SCF platform business model reconfiguration through empowering the operation of SCF information, financial, material, and value flows. (3) The introduction of blockchain changes the business model of the SCF platform significantly, which is mainly reflected in the improved value proposition, expanded value network, strengthened value creation, and generated value appropriation. This study contributes to the existing literature on SCF, business model, and blockchain. The research also provides some important practical implications.