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Utilizing Blockchain Technology in Power Battery for Echelon Recycling Selection with Traceability Mechanism


Propositions 1 and 2 present optimal decision results for various stakeholders in the recycling industry under two different models. These models show that the forward supply chain sales decisions of power battery manufacturers are independent of the choice of the reverse supply chain recycling mode. Corollary 1 demonstrates that the optimal prices and quantities demanded by consumers remain consistent across both recycling models, highlighting the separation of power battery sales and recycling activities.

Corollary 2 reveals that manufacturers’ profits are influenced by factors such as the residual rate of power batteries, blockchain technology investment costs, and consumer preferences for traceability information. Embedding blockchain technology can reduce the cost of using recycled materials for manufacturing power batteries and increase profits.

Furthermore, Corollary 3 discusses the transfer prices of manufacturers and echelon utilizers in the two recycling models. It suggests that Mode I has higher transfer prices due to scenario diversity and low battery capacity saturation, leading to improved market supply and lower recycling prices in Mode II.

Overall, these findings shed light on the optimal strategies for stakeholders in the recycling industry to maximize profits and efficiency. The research underscores the importance of factors such as technology investment, consumer preferences, and competitive dynamics in shaping the recycling market landscape. Stakeholders can leverage these insights to navigate the complex dynamics of the recycling industry and drive sustainable practices.

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Photo credit www.nature.com

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