Blockchain adoption in the supply chain – a game theoretic perspective: the case of the diamond industry

This case study of the gem-diamond industry applies the lens of game theory to explore how the adoption of blockchain technology can be achieved throughout a supply chain. We identify strategies that blockchain providers and beneficiaries in the case study have used or, in some cases, could have used to create a game-theoretic equilibrium across supply chain participants, resulting in the end-to-end adoption of a blockchain solution. We review the benefits that such a solution provides to the ultimate consumer and to supply-chain participants.