Traceable and Intelligent Supply Chain based on Blockchain and Artificial Intelligence
Abstract Smart manufacturing focuses on maximizing the capabilities to increase multiple objectives, like cost, delivery, and quality, in manufacturing enterprises. This requires implementing product development lifecycle, production system lifecycle, and business cycle for supply chain management. In short, a considerable amount of data is generated in a given manufacturing enterprise. Likewise, progress has been made to adopt blockchain in financial industries, but the adoption is slow in non-financial sectors. The article elaborates a methodology for the realization of a traceable and intelligent supply chain. First, the methodology elaborates on the realization of traceability of enterprise entities, which are an integral part of the supply chain. In this case, each participating stakeholder of the supply chain is required internally to realize a smart manufacturing system with an extension to write critical control data to the blockchain (i.e., a subset of process data). Artificial Intelligence (AI) is being adopted in most industries. A supply chain stakeholder has access to its data and can employ AI to derive new insights. The data available with the stakeholder provides a narrow context. With blockchain, all the stakeholders have access to the data from other stakeholders. Subsequently, the insights derived by a stakeholder will be more meaningful. This will assist in realizing an intelligent supply chain.