Closed-Loop Supply Chain Design of Power Battery using Blockchain

The closed-loop supply chain's central enterprises aim to maximize the revenue and reduce the reclaiming channel level to the greatest extent by using blockchain and modern management methods. The traditional recycling network has more links, and there is less communication between enterprises in each link. There is a particular "bullwhip effect" in the channel link, making it difficult for power battery manufacturers to respond to the dynamic market quickly. It is often challenging to obtain scaled waste power batteries, which aggravates how power battery raw materials are expensive and difficult to recycle. Therefore, the closed-loop supply chain design of power batteries adopting blockchain shall minimize channel links and reduce transaction levels to reduce costs.