Abstract
Such a disruptive technology as the blockchain platform has a potential to provide value-added contributions towards multiple-disciplinary applications these days. Blockchain technology, considered as the second generation of the Internet in the digital age, has been applied in practice for various industry such as finance, healthcare, tourism, retailing, manufacturing, education, public sector, supply chains management, agri-food industry and so on. In which, supply chain operations, particularly agri-food management, becomes a prosperous beneficiary from blockchain technology. In the local context, Vietnam has been achieved the competitive advantages in agricultural production among the world in some agri-food products such as black peppercorn, cashew nuts, coffee, coconut, rice, and rubber. Furthermore, Vietnam is considered as one of pioneers in implementing blockchain technology for traceability and transparency of agri-food products across Association of South East Asian Nations (ASEAN) countries. However, design and implementation of the blockchain technology application in agri-food production in the case of Vietnam agriculture industry have been confronted with opportunities and challenges, besides its strengths and weaknesses in nature. This paper aims to concentrating on the analysis of Strengths, Weakness, Opportunities and Threats (SWOT) of blockchain-applied supply chain relevant to agri-food products. In addition, the application of blockchain technology in supply chains has been expected to promote the sustainable development of Vietnam agriculture, in the accordance with the United Nation Sustainable Development Goals (SDGs) in the 21st century. We adopt the research method of interpretive approach to synthesize the literature and reasonably induce research conclusions. We finally prescribe some policy recommendations and implications for agri-food stakeholders such as regional policy makers, agri-food based blockchain platform designers, executives, and farmers as users in relevant to facilitate the blockchain technology for agri-food chains in Vietnam agriculture.
Highlights
In recent years, globalization along with the volatility of weather conditions are dictating the increasing demands for high quality, value-added, and customized agri-food products
SWOT stands for strength, weakness, opportunities, and threats, which are listed in the four quadrants of a 2x2 grid associated with the favorable and unfavorable internal and external issues respectively
We present a SWOT matrix for blockchain-based supply chains in the Vietnam agriculture sector at the nation-wide scope and agriculture industry in a Table 1
Summary
Globalization along with the volatility of weather conditions are dictating the increasing demands for high quality, value-added, and customized agri-food products. It is timeconsuming to trace and track agri-food products because most of the information about these products is shared among supply chain actors in paper-based documents or even if these actors use the internal enterprise information systems such ERP (Enterprise Resource Planning) platform. The body of literature shows that the traditional agri-food supply chains represent problems of information asymmetry 2–5, known as ”information failure”, where can create an imbalance of power in transactions along the supply chain until the final consumer. In this case, suppliers seem to have more or better information concerning food safety and food quality than customers. The agreement among stakeholders in supply chains faces difficulties due to various partners such as
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