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Sustainable B2B E-Commerce and Blockchain-Based Supply Chain Finance

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  • Marjaneh Jahangiri Lahkani

    (School of Economics and Management, University of Chinese Academy of Sciences, Haidian District, Beijing 100190, China)

  • Shouyang Wang

    (School of Economics and Management, University of Chinese Academy of Sciences, Haidian District, Beijing 100190, China)

  • Mariusz Urbański

    (Faculty of Civil Engineering, Czestochowa University of Technology, Dabrowskiego 69, 42-201 Czestochowa, Poland)

  • Mariya Egorova

    (Department of Social Sciences and Humanities, National Research Tomsk Polytechnic University, 634050 Tomsk, Russia)

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.

Suggested Citation

  • Marjaneh Jahangiri Lahkani & Shouyang Wang & Mariusz Urbański & Mariya Egorova, 2020. "Sustainable B2B E-Commerce and Blockchain-Based Supply Chain Finance," Sustainability, MDPI, vol. 12(10), pages 1-14, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:3968-:d:357059
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    References listed on IDEAS

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    Cited by:

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    3. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2020. "The Unknown Potential of Blockchain for Sustainable Supply Chains," Sustainability, MDPI, vol. 12(22), pages 1-16, November.
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    6. Yu Gong & Yun Zhang & Mohammed Alharithi, 2022. "Supply Chain Finance and Blockchain in Operations Management: A Literature Review," Sustainability, MDPI, vol. 14(20), pages 1-21, October.
    7. Heira Georgina Valdez Bocanegra, 2024. "Supply Chain Management and Innovation Practices as Core Strategies for Business Competitiveness and Performance," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(4), pages 1-3.
    8. Vineet Paliwal & Shalini Chandra & Suneel Sharma, 2020. "Blockchain Technology for Sustainable Supply Chain Management: A Systematic Literature Review and a Classification Framework," Sustainability, MDPI, vol. 12(18), pages 1-39, September.
    9. Yubin Yang & Xuejian Chu & Ruiqi Pang & Feng Liu & Peifang Yang, 2021. "Identifying and Predicting the Credit Risk of Small and Medium-Sized Enterprises in Sustainable Supply Chain Finance: Evidence from China," Sustainability, MDPI, vol. 13(10), pages 1-19, May.
    10. Ayman Abdalmajeed Alsmadi & Najed Alrawashdeh & Anwar Al-Gasaymeh & Loai Naser Alhawamdeh & Amer Moh’d Al_Hazimeh, 2023. "Adoption of Blockchain Technology in Supply Chain," SAGE Open, , vol. 13(1), pages 21582440231, March.

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