International Policy Coordination for Blockchain Supply Chains

Allen, DWE, Berg, C, Davidson, S, Novak, M and Potts, J, (2019) ‘International Policy Coordination for Blockchain Supply Chains’, Asia and the Pacific Policy Studies.

15 Pages Posted: 16 May 2018 Last revised: 9 Aug 2019

See all articles by Darcy W E Allen

Darcy W E Allen

RMIT University

Chris Berg

RMIT University - School of Economics, Finance and Marketing

Sinclair Davidson

RMIT University

Mikayla Novak

RMIT University

Jason Potts

RMIT University

Date Written: April 1, 2019

Abstract

From the adoption of the shipping container to coordinated trade liberalisation, reductions in trade costs have propelled modern globalisation. 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 costs — such as paperless trade agendas — through the application of new technologies. Our focus is on how blockchain technology can form a new decentralised economic infrastructure for supply chains by governing decentralised 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 pro-pose a high-level policy forum in the Asia-Pacific region to coordinate issues such as open standards and regulatory compatibility.

Keywords: Blockchain, Supply Chain Governance, International Policy Coordination, Trade Costs

Suggested Citation

Allen, Darcy and Berg, Chris and Davidson, Sinclair and Novak, Mikayla and Potts, Jason, International Policy Coordination for Blockchain Supply Chains (April 1, 2019). Allen, DWE, Berg, C, Davidson, S, Novak, M and Potts, J, (2019) ‘International Policy Coordination for Blockchain Supply Chains’, Asia and the Pacific Policy Studies.. Available at SSRN: https://ssrn.com/abstract=3171988 or http://dx.doi.org/10.2139/ssrn.3171988

Darcy Allen (Contact Author)

RMIT University ( email )

440 Elizabeth Street
Melbourne, 3000
Australia

Chris Berg

RMIT University - School of Economics, Finance and Marketing ( email )

Level 12, 239 Bourke Street
Melbourne, Victoria 3000
Australia

Sinclair Davidson

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Mikayla Novak

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Jason Potts

RMIT University ( email )

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