Research on Risk Management of Agricultural Products Supply Chain Based on Blockchain Technology

Keyao Wang,Kaiying Fu,Xiuxia Yan

doi:10.4236/ojbm.2020.86155

Keyao Wang, Kaiying Fu + Show 1 more

Open Access

https://doi.org/10.4236/ojbm.2020.86155

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Abstract

As the basic necessity of national life, agricultural products have become the basic elements of economic and social development. Because of the complexity and uncertainty of the internal and external environment, the supply chain of agricultural products has various risks, such as vulnerability and instability in the system structure. This paper analyzes the common structural model and risk factors of agricultural product supply chain, discusses the main factors of agricultural product supply chain risk factors, and combines the characteristics of decentralization and information encryption of block chain technology with the governance of each node of agricultural product supply chain. This paper puts forward the optimal analysis of agricultural product supply chain model construction and related node risk management under block chain technology.

Highlights

In October 2019, General Secretary Xi Jinping emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation when presiding over the collective study of the current status and trends of blockchain technology by the Political Bureau of the CPC Central Committee
Through the above research on the risk factors of the agricultural product supply chain, it can be found that the main key is the information sharing problem in the supply chain and the coordination mechanism control management of the node enterprises that use technical means to carry out agricultural product information
2) In terms of inventory; the current inventory risk in the supply chain of agricultural products is due to the quality and freshness requirements determined by the characteristics of the agricultural products on the one hand, and on the other hand the abnormal amplification of supply and demand information in the supply chain, resulting in “distortion” of demand information in the supply chain, That is, the “bullwhip effect”; through the introduction of blockchain technology, under the Internet of Things and 5G communication technology, the “full chain” transparent management and storage information sharing of each node’s inventory information can be realized, and each node enterprise can rely on The agricultural product inventory information on the blockchain adopts better inventory control strategies to reduce inventory management cost risks

Summary

Introduction

Through the above research on the risk factors of the agricultural product supply chain, it can be found that the main key is the information sharing problem in the supply chain and the coordination mechanism control management of the node enterprises that use technical means to carry out agricultural product information.

Results

Conclusion