Sustainable B2B E-commerce and blockchain-based supply chain finance

Marjaneh Jahangiri Lahkani, Shouyang Wang, Mariusz Urbański, Mariya Egorova

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

Abstract

Information technology advancements integrated with the e-commerce supply chain allow participants in the business process to effectively work with large volumes of data and control transactions. To improve the profitability and competitiveness of e-commerce companies, a blockchain solution was incorporated into the global B2B (Business-to-Business) supply chain. This technology simplified the transaction process by providing all participants in the sustainable B2B buying process with the same data about the trade. Overall, the use of blockchain improved the efficiency of logistics and digital documentation which reached 74% and 75%, respectively. The main advantage of using blockchain is that it creates a decentralized database that is secure. In addition, it increases the speed of payment and the reliability and transparency of data transfer. Further research may focus on the use of blockchain in green logistics to improve environmental sustainability in the e-commerce supply chain.

Original languageEnglish
Article number3968
JournalSustainability (Switzerland)
Volume12
Issue number10
DOIs
Publication statusPublished - 1 May 2020

Keywords

  • B2B e-commerce
  • Blockchain
  • Supply chain finance
  • Sustainability
  • Transformation

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

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