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Smart Contract-Based Blockchain Solution to Reduce Supply Chain Risks

: Dietrich, Fabian; Turgut, Ali; Palm, Daniel; Louw, Louis


Lalic, Bojan ; International Federation for Information Processing -IFIP-:
Advances in Production Management Systems. Towards Smart and Digital Manufacturing. Proceedings. Pt.II : IFIP WG 5.7 International Conference, APMS 2020, Novi Sad, Serbia, August 30 - September 3, 2020
Cham: Springer Nature, 2020 (IFIP advances in information and communication technology 592)
ISBN: 978-3-030-57996-8 (Print)
ISBN: 978-3-030-57997-5 (Online)
ISBN: 978-3-030-57998-2
ISBN: 978-3-030-57999-9
International Conference on Advances in Production Management Systems (APMS) <2020, Online>
Conference Paper
Fraunhofer IPA ()
Blockchain; Nachhaltigkeit; Risikomanagement; Supply Chain

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.