It's real, trust me! Establishing supply chain provenance using blockchain

TY - JOUR

T1 - It's real, trust me! Establishing supply chain provenance using blockchain

AU - Montecchi, Matteo

AU - Plangger, Kirk

AU - Etter, Michael

PY - 2019/5/1

Y1 - 2019/5/1

N2 - 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.

AB - 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.

KW - Blockchain

KW - Provenance

KW - Provenance knowledge

KW - Quality assurance

KW - Risk reduction

KW - Supply chain

KW - Supply chain risk management

UR - http://www.scopus.com/inward/record.url?scp=85061048179&partnerID=8YFLogxK

U2 - 10.1016/j.bushor.2019.01.008

DO - 10.1016/j.bushor.2019.01.008

M3 - Article

AN - SCOPUS:85061048179

SN - 0007-6813

VL - 62

SP - 283

EP - 293

JO - BUSINESS HORIZONS

JF - BUSINESS HORIZONS

IS - 3

ER -