Abstract

The banknote supply chain is an indispensable and integral part of modern-day financial system by ensuring an adequate supply of bills in circulation to meet market demands. This is accomplished through the detection of counterfeit bills, the destruction of damaged currency and the issue of new notes to replace those which have been destroyed. Yet, conventional models of banknote supply chain, which are governed centrally by a dominant player in the form of the central banking authority of a country, suffers from problems of operational efficiency. The emergence of blockchain as a distributed technological infrastructure has the potential of disrupting how banknote supply chains are configured. Through an in-depth case study of how the banknote supply chain ecosystem in mainland China has evolved from a centralized governance architecture to one that is founded on peer-to-peer collaborations among banking institutions, this study draws on path dependency perspective to shed light on the inter-organization mechanisms underpinning the reinforcement and cessation of pre-existing path pursued by entities within the ecosystem as well as the creation of a new path for the collective body.

About the Speaker

Professor Chong obtained his PhDs from University of Nottingham and Multimedia University Malaysia and was a postdoctoral research fellow at Hong Kong Polytechnic University. His current research interests include technology driven disruptions, social media analytics, digital transformations, and mobile computing.  His work has appeared in Journal of the Association for Information Systems, Information & Management, Decision Support Systems, Transportations Research Part B: Methodological, Annals of Operations Research, International Journal of Operations and Production Management and Information Systems Frontier, among others. He now serves as the Co-Editor in Chief of Industrial Management & Data Systems, Senior Editor of Decision Support Systems and Associate Editor of Information & Management.  Alain is listed as one of the Most Cited Researchers in China by Elsevier.  He is also the recipient of the 2012 Ten Outstanding Young Malaysian Award and the 2020 Ningbo Camellia Award.