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Smart contract-based blockchain solution to reduce supply chain risks

  • Companies are becoming aware of the potential risks arising from sustainability aspects in supply chains. These risks can affect ecological, economic or social aspects. One important element in managing those risks is improved transparency in supply chains by means of digital transformation. Innovative technologies like blockchain technology can be used to enforce transparency. In this paper, we present a smart contract-based Supply Chain Control Solution to reduce risks. Technological capabilities of the solution will be compared to a similar technology approach and evaluated regarding their benefits and challenges within the framework of supply chain models. As a result, the proposed solution is suitable for the dynamic administration of complex supply chains.

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Name:Dietrich, Fabian; Turgut, Ali; Palm, Daniel
Erschienen in:Advances in production management systems, towards smart and digital manufacturing : IFIP WG 5.7 International Conference, APMS 2020, Novi Sad, Serbia, August 30 - September 3, 2020, proceedings. - Part II. - (IFIP advances in information and communication technology ; 1592)
Place of publication:Cham
Editor:Bojan Lalic
Document Type:Conference Proceeding
Year of Publication:2020
Tag:blockchain; smart contract; supply chain control; supply chain risk management; sustainability
First Page:165
Last Page:173
Catalogue entry:Im Katalog der Hochschule Reutlingen ansehen
Dewey Decimal Classification:330 Wirtschaft
Open Access:Nein
Licence (German):License Logo  Lizenzbedingungen Springer