Blockchains (and other distributed ledger technologies) are a new institutional technology for the secure provision of data in potentially insecure environments. While the first major blockchain application has been cryptocurrencies, the next most prominent application is the use of blockchain to manage information about goods as they move through supply (and value) chains. Supply chains can be as simple as agricultural goods moving from farm to table, and as complex as thousands of suppliers operating on a global market for advanced manufacturing. Blockchain applications that trace the provenance of intellectual property, or the use of charitable donations by recipients, demonstrate that supply chains management in this sense covers more than just the domain of logistics.
This project or projects will investigate the use of blockchains for supply chain management from an information economics perspective. There is a wide range of approaches that might be able to shed light on how blockchain use for supply chains. Friedrich Hayek understood the price system as a mechanism for the collation of dispersed information about market conditions. How does this change when information about goods is more confidently passed through to the consumer? How will the widespread introduction of secure information about goods shift the economics of production? What impact will this have on where value is distributed through the economy? What public policy settings will be needed in order to secure the gains from this new economic application? What are the dynamic and evolutionary effects of decentralised supply chain management?
Higher Degree by Research (HDR) Program
School: EFM Program Name(s) and Codes : PhD (EFM), DR203
Potential Supervisory Team
Dr Christopher Berg Dr Darcy Allen Dr Mikayla Novak Professor Jason Potts Professor Sinclair Davidson
Academic Enqiury Contact
Associate Professor Peter Sivey: HDR Coordinator, School of Economics, Finance and Marketing [email protected]