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RETRACTED ARTICLE: Blockchain-based intelligent contract for factoring business in supply chains

  • S.I.: Artificial Intelligence in Operations Management
  • Published:
Annals of Operations Research Aims and scope Submit manuscript

This article was retracted on 24 March 2022

This article has been updated

Abstract

Factoring business, an important aspect in the supply chain finance field, has significant potential in adopting blockchain-based intelligent contract technology. Based on the existing theories of factoring business in supply chains, this paper conducts a coupling analysis between blockchain technology and supply chain factoring business. Specifically, we propose the application scenarios of blockchain-based intelligent contract technology in the supply chain factoring business from three aspects: the division and transfer of creditors’ rights certificate, the factoring financing of upstream suppliers, and the due payment of core enterprises, and elaborate their implementation processes. Furthermore, from a game theoretical perspective, we analyze the mechanism of the key technology implementation of the intelligent contract to verify whether the nodes on the blockchains will follow the relevant protocols to automatically execute them. Finally, we conduct a three-way game analysis of the supply chain factor financing process and obtain an equilibrium solution based on the principle of utility maximization, which highlights the optimization effect of the intelligent contract technology on the decision-making behavior of individual entities in the supply chain.

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Change history

  • 03 February 2022

    Editor’s Note: Readers are alerted that this article appears to contain overlap with Deng, A. and Li, Y. “Intelligent factoring” business model and game analysis in the supply chain based on block chain. Management Review 31(9), 231-240 (2019). Data ownership is currently under investigation. Further editorial action will be taken as appropriate once the investigation into the concerns is complete and all parties have been given an opportunity to respond in full.

  • 24 March 2022

    This article has been retracted. Please see the Retraction Notice for more detail: https://doi.org/10.1007/s10479-022-04654-y

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Authors and Affiliations

  1. School of Logistics and E-Commerce, Zhejiang Wanli University, Ningbo, China

    Kangning Zheng

  2. Coggin College of Business, University of North Florida, 1 UNF Dr, Building 42 Room 3207, Jacksonville, FL, 32224, USA

    Zuopeng Zhang

  3. Maine Business School, University of Maine, Orono, ME, 04469, USA

    Jeffrey Gauthier

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  1. Kangning Zheng
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  2. Zuopeng Zhang
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  3. Jeffrey Gauthier
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Correspondence to Zuopeng Zhang.

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This article has been retracted. Please see the retraction notice for more detail:https://doi.org/10.1007/s10479-022-04654-y

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Zheng, K., Zhang, Z. & Gauthier, J. RETRACTED ARTICLE: Blockchain-based intelligent contract for factoring business in supply chains. Ann Oper Res 308, 777–797 (2022). https://doi.org/10.1007/s10479-020-03601-z

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  • DOI: https://doi.org/10.1007/s10479-020-03601-z

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