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.
张毓隆教授（Alain Yee Loong Chong）是宁波诺丁汉大学信息系统学教授、研究生院院长、全球事务长。他获得了诺丁汉大学和马来西亚多媒体大学的博士学位，在香港理工大学获得博士后研究员。他目前的研究兴趣包括社交媒体分析、数字转型和移动计算。他的研究成果发表在Journal of 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等。目前，张教授是《工业管理与数据系统》的合著作者，《决策支持系统》的高级编辑和《信息与管理》的副主编。从2015到2019，他连续5年被Elsevier的Scopus数据库评为 ‘中国被引用最多的研究人员’之一，并于在2012年荣获了由国际青年商会授予的“马来西亚十大杰出青年奖”。除此之外，他还获得了2020年宁波市茶花奖。