Blockchain-technology-supported platforms for diamond authentication and certification in luxury supply chains
By Tsan-Ming (Jason) Choi. Transportation Research Part E: Logistics and Transportation Review, 2019
507 citations recorded by the source corpus.
The blockchain technology is very useful in many industries. One current application is on diamond authentication and certification, which is important in many luxury supply chains. In this paper, we explore different consumer utility driven operations models and highlight the values of blockchain technology supported (BTS) platforms for diamond authentication and certification. We build models and analytically examine both the traditional retail network operations (Model R) and the BTS selling platform (Model PL). We further extend the analysis to study the case with the BTS certification platform (Model BCR). We reveal the conditions under which one model outperforms the others. In particular, we note that the shopping convenience utility offered by the traditional retailers is a critical factor determining which model is the best. Finally, for the BTS platform operations, we study the blockchain-technology-based diamond authentication and certification (BDAC) cost and reveal that reducing it is beneficial to all parties in the luxury supply chain.
Subfields: Information Systems, Management Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/9d3f64861b03860d76ce12f00b4cd6df988bd249
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Citations in the corpus
- Combating Copycats in the Supply Chain with Permissioned Blockchain Technology (2021, background): “New technologies, such as blockchain technology, are key drivers that change the business environment (Babich and Hilary 2020, Choi 2019, Guha and Kumar 2018, Hastig and Sodhi 2020, Niu et al. 2019, Whitaker and Kr¨aussl 2020).”
- Blockchain Adoption for Combating Deceptive Counterfeits (2018, methodology): “Choi (2019) considers using a blockchain platform to address to the counterfeiting problem.”
- A literature review of blockchain technology applications in supply chains: A comprehensive analysis of themes, methodologies and industries (2021, unknown): “In the numerical example category, there are 12 articles that considered cost or profit when the objective function was established (Choi, 2019; Choi, Feng, et al., 2020; Choi & Luo, 2019; Choi et al., 2019; Hayrutdinov et al., 2020; Ko et al., 2018; Li et al., 2019; L. Liu et al., 2019; Longo et…”
- Blockchain technology in supply chain operations: Applications, challenges and research opportunities (2020, unknown): “It can also be used for diamond authentication (Choi, 2019).”