International policy coordination for blockchain supply chains

Allen, D, Berg, C, Davidson, S, Novak, M and Potts, J 2019, 'International policy coordination for blockchain supply chains', Asia and the Pacific Policy Studies, vol. 6, no. 3, pp. 367-380.


Document type: Journal Article
Collection: Journal Articles

Title International policy coordination for blockchain supply chains
Author(s) Allen, D
Berg, C
Davidson, S
Novak, M
Potts, J
Year 2019
Journal name Asia and the Pacific Policy Studies
Volume number 6
Issue number 3
Start page 367
End page 380
Total pages 14
Publisher Wiley-Blackwell Publishing Asia
Abstract From the adoption of the shipping container to coordinated trade liberalization, reductions in trade costs have propelled modern globalization. In this paper, we analyse the application of blockchain to reduce the trade costs of producing and coordinating trusted information along supply chains. Consumers, producers, and governments increasingly demand information about the quality, characteristics, and provenance of traded goods. Partially due to the risks of error and fraud, this information is costly to produce and to maintain between dispersed parties. Recent efforts have sought to overcome these costssuch as paperless trade agendasthrough the application of new technologies. Our focus is on how blockchain technology can form a new decentralized economic infrastructure for supply chains by governing decentralized dynamic ledgers of information about goods as they move. We outline the potential economic consequences of blockchain supply chains before examining policy. Effective adoption faces a range of policy challenges including regulatory recognition and interoperability across jurisdictions. We propose a high-level policy forum in the Asia-Pacific region to coordinate issues such as open standards and regulatory compatibility.
Subject Microeconomic Theory
Industry Economics and Industrial Organisation
Keyword(s) blockchain
institutional cryptoeconomics
international policy coordination
supply chain governance
trade costs
DOI - identifier 10.1002/app5.281
Copyright notice © 2019 The Authors. Asia & the Pacific Policy Studies published by Crawford School of Public Policy of the Australian National University and John Wiley & Sons Australia, Ltd
ISSN 2050-2680
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