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

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

Sustainability, 2020, vol. 12, issue 10, 1-14

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.

Keywords: B2B e-commerce; sustainability; blockchain; supply chain finance; transformation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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