Blockchain-Enhanced Trust Framework for Production,Supply,and Credit Cooperatives:Insights from a Tri-Party Evolutionary Game Analysis
Financing and counterparty risks,central to trust concerns,have consistently impeded the com-prehensive and profound evolution of farmers'professional cooperatives,supply and marketing cooperatives,and credit cooperatives(collectively termed"the three cooperatives").The advent of blockchain technology introduces a potential solution to this challenge.This study develops an evolutionary game model reflecting the strategic trust behaviors within"the three cooperatives,"examining the capacity of blockchain to mitigate the aforementioned risks and resolve trust-related issues,and scrutinizing the determinants of blockchain's efficacy in trust enhancement among these cooperatives.The findings suggest two key insights:firstly,blockchain's utility in market demand forecasting is particularly pronounced in relatively unstable markets.Secondly,its capability to minimize risk-related losses is most significant in scenarios with elevated probabilities of agricultural risks.Consequently,it is recommended that the adoption of blockchain technology be prioritized,particularly in regions characterized by adverse market conditions and heightened agricultural risks,complemented by targeted subsidies.
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