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Smart Contract-Based Blockchain Solution to Reduce Supply Chain Risks

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Advances in Production Management Systems. Towards Smart and Digital Manufacturing (APMS 2020)

Part of the book series: IFIP Advances in Information and Communication Technology ((IFIPAICT,volume 592))

Abstract

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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Author information

Authors and Affiliations

  1. ESB Business School, Reutlingen University, Alteburgstr. 150, 72762, Reutlingen, Germany

    Fabian Dietrich & Daniel Palm

  2. Department of Industrial Engineering, Stellenbosch University, 145 Banghoek Rd., Stellenbosch, 7600, South Africa

    Fabian Dietrich & Louis Louw

  3. Steinbeis Innovation gGmbH, Alteburgstr. 150, 72762, Reutlingen, Germany

    Ali Turgut

  4. Fraunhofer Institute for Manufacturing Engineering and Automation, Alteburgstr. 150, 72762, Reutlingen, Germany

    Daniel Palm

Authors
  1. Fabian Dietrich
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  2. Ali Turgut
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  3. Daniel Palm
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  4. Louis Louw
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Corresponding author

Correspondence to Fabian Dietrich .

Editor information

Editors and Affiliations

  1. University of Novi Sad, Novi Sad, Serbia

    Bojan Lalic

  2. University of Belgrade, Belgrade, Serbia

    Vidosav Majstorovic

  3. University of Novi Sad, Novi Sad, Serbia

    Ugljesa Marjanovic

  4. ZF Hungária Kft., Eger, Hungary

    Gregor von Cieminski

  5. Tecnológico de Monterrey, Mexico City, Mexico

    David Romero

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Dietrich, F., Turgut, A., Palm, D., Louw, L. (2020). Smart Contract-Based Blockchain Solution to Reduce Supply Chain Risks. In: Lalic, B., Majstorovic, V., Marjanovic, U., von Cieminski, G., Romero, D. (eds) Advances in Production Management Systems. Towards Smart and Digital Manufacturing. APMS 2020. IFIP Advances in Information and Communication Technology, vol 592. Springer, Cham. https://doi.org/10.1007/978-3-030-57997-5_20

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  • DOI: https://doi.org/10.1007/978-3-030-57997-5_20

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-57996-8

  • Online ISBN: 978-3-030-57997-5

  • eBook Packages: Computer ScienceComputer Science (R0)

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