The use of blockchain in the luxury industry: supply chains and the traceability of goods - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Journal of Enterprise Information Management Année : 2021

The use of blockchain in the luxury industry: supply chains and the traceability of goods

Résumé

Purpose - Most businesses strive to control the efficiency of their supply chains; however, luxury firms face additional challenges from counterfeit, gray market and copycat products. Blockchain technology can address these issues and enhance firms' supply chain management, guaranteeing the traceability and origin of luxury products. Therefore, this study aims to investigate the utility and contexts influencing the implementation of blockchain technology to optimize supply chain management and prevent fraud in the luxury industry. Design/methodology/approach - The research uses a qualitative approach based on the grounded theory method. Data are collected by semi-structured interviews with 12 stakeholders working on blockchain applications in the luxury business sector. Findings - Highlighting the problems faced by luxury brands' supply chains, this study presents blockchain technology as a solution for disintermediation, traceability and transparency in the luxury goods sector. The constraints faced by luxury brands incorporating this technology into their ecosystem include the knowledge gap, the multiplicity of third parties involved in the production process and bias toward short-term returns on investment.Originality/value - Blockchains promote greater transparency and efficiency within supply chains, which builds consumer trust and improves brand revenue. Considering luxury brands' reluctance to adopt blockchains, this study suggests that luxury firms adopt a staggered implementation of private blockchain networks starting with a small number of third-party suppliers.
Fichier non déposé

Dates et versions

hal-03268370 , version 1 (23-06-2021)

Identifiants

Citer

Elodie de Boissieu, Galina Kondrateva, Patricia Baudier, Chantal Ammi. The use of blockchain in the luxury industry: supply chains and the traceability of goods. Journal of Enterprise Information Management, 2021, 34 (5), pp.1318-1338. ⟨10.1108/JEIM-11-2020-0471⟩. ⟨hal-03268370⟩
479 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More