Differential Game Model of Information Sharing among Supply Chain Finance Based on Blockchain Technology

Minyi Xu, Shujian Ma and Gang Wang
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Minyi Xu: Institute of Block Chain and Complex Systems, Nanjing Tech University, Nanjing 211816, China
Shujian Ma: Institute of Block Chain and Complex Systems, Nanjing Tech University, Nanjing 211816, China
Gang Wang: Institute of Block Chain and Complex Systems, Nanjing Tech University, Nanjing 211816, China

Sustainability, 2022, vol. 14, issue 12, 1-21

Abstract: In the development of traditional supply-chain finance, the information asymmetry of all parties in the supply chain has become the primary problem hindering its development. Blockchain technology is an effective method to solve the problem of information silos. Based on differential game theory, this paper constructs a game model of supply-chain financial information-sharing behavior based on blockchain technology. Three scenarios of independent decision, the cost-subsidy mechanism of financial institutions, and dealers and collaborative decisions are studied, and the theoretical model is verified through a simulation algorithm. The results show that information sharing in supply-chain finance based on blockchain technology is much higher than that of traditional supply-chain finance, and the use of blockchain technology can promote more sustainable development of supply chains. Blockchain technology can effectively solve the information-silo effect, and the information sharing cost-subsidy mechanism can effectively relieve the cost pressure of information sharing and optimize the supply-chain structure. In addition, the amount of information and benefits shared among the three parties of supply-chain finance based on blockchain technology and the overall benefits show an increasing and stabilized trend over time. This study provides a reference for supply-chain finance members to reasonably choose the optimal strategic behavior.

Keywords: supply-chain finance; block chain technique; amount of information shared; differential game; sustainable supply chain (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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