Study on cost-sharing mechanism of blockchain technology adoption and supply chain coordination
The rapid development of internet has facilitated the wide application of blockchain technology in supply chains.Blockchain adoption not only incurs high cost,but also has im-portant impacts operational decisions and performance of supply chains.This paper develops a dynamic game model between a manufacturer and a retailer under proportional cost-sharing and Bargaining cost-sharing mechanisms based on the context of supply chain members cooperating in investing blockchain technology,and analyzes how the cost sharing of blockchain technology adoption affects equilibrium decisions,profits,consumer surplus,and social welfare.Results show that,compared with the no-sharing scenario,cost-sharing can improve manufacturer and supply chain system profits and increase consumer surplus and social welfare.Although the Bargaining cost-sharing mechanism can achieve optimal system efficiency,the profit of the retailer under this sharing mechanism is lower than the reservation profit under the no-sharing scenario.In ad-dition,a revenue sharing contract is designed to achieve coordination of the supply chain system based on blockchain adoption.These findings can be used in enterprises'blockchain technology adoption decisions and improving the efficiency of blockchain technology cooperation and supply chain operations.