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Token-Based Blockchain Solutions for Supply Chain Strategies

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


Behrens, Bernd-Arno:
Production at the leading edge of technology : Proceedings of the 10th Congress of the German Academic Association for Production Technology (WGP), Dresden, 23-24 September 2020; Webinar
Cham: Springer Nature, 2021 (Lecture Notes in Production Engineering)
ISBN: 978-3-662-62137-0 (Print)
ISBN: 978-3-662-62138-7 (Online)
ISBN: 3-662-62137-1
ISBN: 978-3-662-62140-0
German Academic Association for Production Technology (WGP Congress) <10, 2020, Online>
Conference Paper
Fraunhofer IPA ()
Blockchain; Nachhaltigkeit; Supply Chain Risiko; supply chain risk management (SCRM)

Distributed ledger technologies such as the blockchain technology offer an innovative solution to increase visibility and security to reduce supply chain risks. This paper proposes a solution to increase the transparency and auditability of manufactured products in collaborative networks by adopting smart contract-based virtual identities. Compared with existing approaches, this extended smart contract-based solution offers manufacturing networks the possibility of involving privacy, content updating, and portability approaches to smart contracts. As a result, the solution is suitable for the dynamic administration of complex supply chains.