The recent financial crunch has thrown the worldwide real economies into a trend of recession, causing a considerable reduction of bank loans for capital-constrained companies and therefore limiting the liquidity available in many Supply Chains. Therefore, the Supply Chain Finance discipline is establishing itself as a stream of Supply Chain Management, focused on implementing those collaborative financial management strategies and practises that could optimize the availability and the cost of capital in a Supply Chain, balancing the shortfalls of small- and medium-sized suppliers by injecting fresh liquidity thanks to the active participation of financially stronger focal firms. However, the Supply Chain Finance solutions are facing managerial, legal and technological impediments that limit their wide adoption. Recognizing the technology as the fundamental enabler for achieving the desired integration among partners, the research will focus on assessing the applicability and the relevance of the nascent Blockchain technology in the field of Supply Chain Finance discipline. Therefore, starting from the analysis of the Supply Chain Finance solutions currently available on the market and describing the design principles of Blockchain technology, the proposed research will aim at assessing the existence of a market for Supply Chain Finance solutions based on Blockchain technology, understanding whether they already have appeared as viable applications for business. Moreover, the research aims at exploring in depth the characteristics of this market by conducting a qualitative analysis of the existing solutions, investigating how these innovative business applications are structured, which main functionalities strengthen either the similarities or the differences with the solutions traditionally offered and how the market can be classified in different groups of solutions. The model thus obtained can be used by businesses to understand whether the Blockchain technology is a viable option for implementing the traditional Supply Chain Finance programmes and how the adoption process towards these applications could be organized.
La recente crisi finanziaria ha provocato un trend di recessione in tutte le economie mondiali, causando una notevole riduzione dei prestiti bancari per le società aventi limitazioni di capitale e diminuendo quindi la liquidità disponibile in molte Supply Chains. Pertanto, la disciplina di Supply Chain Finance si è affermata come un filone del Supply Chain Management, focalizzata sull'implementazione di quelle strategie e pratiche collaborative nella gestione finanziaria che potrebbero ottimizzare la disponibilità e il costo del capitale in una Supply Chain, bilanciando le carenze di piccoli e medi fornitori e iniettando nuova liquidità grazie alla partecipazione attiva delle imprese finanziariamente più solide. Tuttavia, le soluzioni di Supply Chain Finance si trovano di fronte a impedimenti manageriali, legali e tecnologici che ne limitano l'ampia adozione. Riconoscendo nella tecnologia il fattore abilitante fondamentale per ottenere l'integrazione desiderata tra i partners, la ricerca si concentrerà sulla valutazione dell'applicabilità e della rilevanza della nascente tecnologia Blockchain nel campo della disciplina della Supply Chain Finance. Pertanto, partendo dall'analisi delle soluzioni di Supply Chain Finance attualmente disponibili sul mercato e descrivendo i principi fondamentali della tecnologia Blockchain, la ricerca proposta mirerà a valutare l'esistenza di un mercato per soluzioni di Supply Chain Finance basate sulla tecnologia Blockchain, comprendendo se tali applicazioni siano già valide per essere applicate in business. Inoltre, la ricerca mira ad esplorare in profondità le caratteristiche di questo mercato conducendo un'analisi qualitativa delle soluzioni esistenti, indagando su come queste innovative applicazioni aziendali sono strutturate, quali principali funzionalità rafforzano le similitudini o le differenze con le soluzioni tradizionalmente offerte e come il mercato può essere classificato in diversi gruppi di soluzioni. Il modello così ottenuto può essere utilizzato dalle aziende per capire se la tecnologia Blockchain sia una valida opzione per implementare le tradizionali soluzioni di Supply Chain Finance e come sia possibile organizzare il processo di adozione verso queste applicazioni.
Supply chain finance solutions based on blockchain technology
GOTTI, STEFANO
2017/2018
Abstract
The recent financial crunch has thrown the worldwide real economies into a trend of recession, causing a considerable reduction of bank loans for capital-constrained companies and therefore limiting the liquidity available in many Supply Chains. Therefore, the Supply Chain Finance discipline is establishing itself as a stream of Supply Chain Management, focused on implementing those collaborative financial management strategies and practises that could optimize the availability and the cost of capital in a Supply Chain, balancing the shortfalls of small- and medium-sized suppliers by injecting fresh liquidity thanks to the active participation of financially stronger focal firms. However, the Supply Chain Finance solutions are facing managerial, legal and technological impediments that limit their wide adoption. Recognizing the technology as the fundamental enabler for achieving the desired integration among partners, the research will focus on assessing the applicability and the relevance of the nascent Blockchain technology in the field of Supply Chain Finance discipline. Therefore, starting from the analysis of the Supply Chain Finance solutions currently available on the market and describing the design principles of Blockchain technology, the proposed research will aim at assessing the existence of a market for Supply Chain Finance solutions based on Blockchain technology, understanding whether they already have appeared as viable applications for business. Moreover, the research aims at exploring in depth the characteristics of this market by conducting a qualitative analysis of the existing solutions, investigating how these innovative business applications are structured, which main functionalities strengthen either the similarities or the differences with the solutions traditionally offered and how the market can be classified in different groups of solutions. The model thus obtained can be used by businesses to understand whether the Blockchain technology is a viable option for implementing the traditional Supply Chain Finance programmes and how the adoption process towards these applications could be organized.| File | Dimensione | Formato | |
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2018_07_Gotti.pdf
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https://hdl.handle.net/10589/141347