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RETRACTED ARTICLE: Blockchain-based intelligent contract for factoring business in supply chains

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  • Kangning Zheng

    (Zhejiang Wanli University)

  • Zuopeng Zhang

    (University of North Florida)

  • Jeffrey Gauthier

    (University of Maine)

Abstract

Factoring business, an important aspect in the supply chain finance field, has significant potential in adopting blockchain-based intelligent contract technology. Based on the existing theories of factoring business in supply chains, this paper conducts a coupling analysis between blockchain technology and supply chain factoring business. Specifically, we propose the application scenarios of blockchain-based intelligent contract technology in the supply chain factoring business from three aspects: the division and transfer of creditors’ rights certificate, the factoring financing of upstream suppliers, and the due payment of core enterprises, and elaborate their implementation processes. Furthermore, from a game theoretical perspective, we analyze the mechanism of the key technology implementation of the intelligent contract to verify whether the nodes on the blockchains will follow the relevant protocols to automatically execute them. Finally, we conduct a three-way game analysis of the supply chain factor financing process and obtain an equilibrium solution based on the principle of utility maximization, which highlights the optimization effect of the intelligent contract technology on the decision-making behavior of individual entities in the supply chain.

Suggested Citation

  • Kangning Zheng & Zuopeng Zhang & Jeffrey Gauthier, 2022. "RETRACTED ARTICLE: Blockchain-based intelligent contract for factoring business in supply chains," Annals of Operations Research, Springer, vol. 308(1), pages 777-797, January.
    • Handle: RePEc:spr:annopr:v:308:y:2022:i:1:d:10.1007_s10479-020-03601-z
    DOI: 10.1007/s10479-020-03601-z
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    Cited by:

    1. Tianjie Fu & Peiyu Li & Chenke Shi & Youzhu Liu, 2024. "Digital-Twin-Based Monitoring System for Slab Production Process," Future Internet, MDPI, vol. 16(2), pages 1-16, February.
    2. Fanshun Zhang & Hao Huang & Cejun Cao & Zhen Tan, 2025. "Blockchain adoption strategies for combating deficient personal protective equipment in major public health emergencies," Annals of Operations Research, Springer, vol. 348(3), pages 1745-1797, May.
    3. Bai, Chunguang & Sarkis, Joseph, 2022. "A critical review of formal analytical modeling for blockchain technology in production, operations, and supply chains: Harnessing progress for future potential," International Journal of Production Economics, Elsevier, vol. 250(C).

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