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Chinese Journal of Management Science ›› 2025, Vol. 33 ›› Issue (12): 337-348.doi: 10.16381/j.cnki.issn1003-207x.2025.0427

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Study on the Strategic Selection of Blockchain Implementation Entities in Closed-loop Supply Chain

Yuyan Wang1,2(), Junhong Gao1, Qiaoyun Yun2   

  1. 1.School of Management Science and Engineering,Shandong University of Finance and Economics,Jinan 250014,China
    2.International Business College,South China Normal University,Foshan 528225,China
  • Received:2025-03-17 Revised:2025-05-20 Online:2025-12-25 Published:2025-12-25
  • Contact: Yuyan Wang E-mail:wangyuyan1224@126.com

Abstract:

A recycling quantity discount factor is introduced and consumer preference is incorporated for blockchain-enabled traceability of remanufactured products. It constructs a closed-loop supply chain (CLSC) system comprising a manufacturer and a retailer. Four blockchain implementation modes are systematically analyzed: 1) no blockchain, 2) manufacturer-only implementation, 3) retailer-only implementation, and 4) full-chain implementation. Utilizing a Stackelberg game framework, the impact of each mode on optimal pricing, blockchain traceability levels, recycling rates, market demand, supply chain member profits, and social welfare is investigated. Key findings indicate: (1) Contrary to the full-chain mode, retailer-only implementation yields higher traceability levels, recycling rates, market demand, and social welfare. This stems from retailers' direct consumer access, enabling more effective capture of blockchain's trust premium while avoiding manufacturer underinvestment due to high costs; (2) Under low blockchain cost efficiency, full-chain implementation induces the highest product pricing due to cost pressures, potentially eroding price competitiveness. Under high cost efficiency, retailer-only implementation commands higher prices, demonstrating superior ability to monetize traceability advantages; (3) At intermediate manufacturer cost-sharing ratios, retailer-only blockchain implementation emerges as the unique Pareto-optimal equilibrium for the CLSC, achieving a manufacturer-retailer win-win outcome.

Key words: closed-loop supply chain, blockchain, traceability preference, recycling discount

CLC Number: