Impact of Blockchain Adoption for Safe Food Supply Chain Management through System Dynamics Approach from Management Perspectives in Thailand

Abstract

Today’s food supply chain is incredibly complex and imposes enormous challenges across the Globe. Products are transported through multimodal transportation internationally, comprising of combination of ship, rail, truck and flight modes etc. The supply chain under multistage network poses more quality related issues. Hence, blockchain technology helps to enhance food safety and quality in the logistics process. This, when coupled with the existing traceability system can create more agile value chain and closer customer relationship across regions. Though, Thailand is a leading food exporter, it lacks in implementation of blockchain technology. The objective of this study is to analyse the impact of blockchain technology adoption for safe food supply chain management through System Dynamics (SD) approach from management perspectives in Thailand. The preliminary survey and discussion were carried out with the participants from food expert firms, and causal loop diagrams and stock and flow diagrams were developed and validated. The trade-off, challenges and opportunities of applying block chain technology on the global food value supply chain has been discussed throughout the system dynamics model. The major contribution of this work is in providing insight into some of the main dimensions of block chain technology and its implications for global food value chain performance improvements.

Keywords

• blockchain
• transportation
• logistics
• food safety
• system dynamics
• supply chain management