scholarly journals Analysis and design of transparent smart contract based on blockchain technology for supply chain in “Gasol flour” industry

Author(s):  
E Kurnia ◽  
T Djatna ◽  
F Udin
2020 ◽  
Vol 14 (4) ◽  
pp. 488-492
Author(s):  
Jovan Karamachoski ◽  
Ninoslav Marina ◽  
Pavel Taskov

Blockchain technology will bring a disruption in plenty of industries and businesses. Recently it proved the robustness, immutability, auditability, in many crucial practical applications. The blockchain structure offers traceability of actions, alterations, alerts, which is an important property of a system needed for development of sustainable technologies. A crucial part of the blockchain technology regarding the optimization of the processes is the smart contract. It is a self-executable computer code, open and transparent, encoding the terms of a regular contract. It is able to automate the processes, thus decreasing the human-factor mistakes or counterfeits. In this paper, we are presenting the feasibility of the blockchain technology in the certification processes, with an application developed for university diploma certification. The example is easily transferable in other areas and business models such as logistics, supply chain management, or other segments where certification is essential.


2019 ◽  
Vol 8 (4) ◽  
pp. 5795-5802

Blockchain Technology is one of the most popular technologies of present days. This technology has the capability to eliminate the requirement of third party to validate the transactions over the Peer-to-Peer network. Due to various features of Blockchain like smart contract, consensus mechanism, network transactions are completed securely, efficiently and timely. This technology is very useful in many areas including medical, IoT, e-Governance services, smart cities, taxation, supply chain, banking etc. In this paper, we discuss the Blockchain Technology in detail, its data structure, open source platform like Ethereum and Hyperledger, technical aspects of this technology, possible applications of this technology, challenges and limitations in adaptation of this technology.


Blockchain technology as an infrastructure allows an innovational platform for a new transparent and decentralized transaction mechanism for different type of industries and businesses. Different attributes of blockchain technology increase trust through traceability and transparency ability of goods, data and financial resources within any transaction. Regardless of initial uncertainty about this technology, government and many major enterprises and firms have recently examined the adoption and improvement of this technology in several areas of applications, from social, legal and finance industries to manufacturing, design and supply-chain networks. An interesting research problem in this new era is that of determining provenance. At present, goods which are produced and transported using complicated medium supply chains, in this type of supply chain it is impossible to evaluate the provenance of physical goods. We have an interest in the blockchain as there are numerous favored use cases of blockchain especially for provenance tracking. In this paper we review the basics features of the blockchain along with its type like permission less and permissioned blockchain. Then discussed the need of provenance of assets in supplychain as it increase the trust of the customer and proposed a process and architecture for providing the data provenance in supply chain with blockchain using smart contract.


2021 ◽  
Vol 13 (9) ◽  
pp. 4672
Author(s):  
Niloofar Etemadi ◽  
Pieter Van Gelder ◽  
Fernanda Strozzi

Over the last few years, the increasing level of cyber risks derived from the growing connectedness of Industry 4.0 has led to the emergence of blockchain technology as a major innovation in supply chain cybersecurity. The main purpose of this study is to identify and rank the significant barriers affecting the implementation of blockchain technology as a key component of cyber supply chain risk management (CSCRM). This research relied on the “interpretive structural modeling (ISM)” technique in the structure of a hierarchical model to investigate the contextual relationships of identified challenges for blockchain adoption in CSCRM; it also classifies the influential challenges based on their driving and dependence powers. The results highlight that “cryptocurrency volatility” is the challenge at the top level of the hierarchy, implying weak driving power but it is strongly dependent on the other challenges. “Poor regulatory provisions”, “technology immaturity”, “dependent on input information from external oracles”, “scalability and bandwidth issues”, and “smart contract issues” are significant challenges for the adoption of blockchain in cyber supply chain risk management and are located at the bottom level of the hierarchy with higher driving power. The implications for theory and practice of the research are also highlighted.


Informatics ◽  
2021 ◽  
Vol 8 (2) ◽  
pp. 36
Author(s):  
Samudaya Nanayakkara ◽  
Srinath Perera ◽  
Sepani Senaratne ◽  
Geeganage Thilini Weerasuriya ◽  
Herath Mudiyanselage Nelanga Dilum Bandara

The construction industry has dynamic supply chains with multiple suppliers usually engaged in short-term relationships. Government legislation, novel types of payment agreements, conventional information technology solutions, and supply chain management best practices have endeavoured to solve payment-related financial issues in the construction industry, which are mainly caused by the complexities of the construction supply chain. Nevertheless, payment-related issues persist as one of the key challenges in the industry. Applications of blockchain technology–a trusted, distributed data storing mechanism–along with smart contracts are gaining focus as solutions for complex interorganisational processes. A smart contract is a self-executing script that codifies a set of rules or agreements between multiple parties and runs across the blockchain network. This paper identifies the suitability of blockchain and smart contract technologies in solving payment issues in the construction industry. An expert forum of construction industry stakeholders served as the primary data collection method through a structured questionnaire. The key finding of the paper is that blockchain and smart contract powered solutions can significantly mitigate the payment and related financial issues in the construction industry, including partial payments, nonpayments, cost of finance, long payment cycle, retention, and security of payments.


Author(s):  
Ayman Alkhalifah ◽  
Alex Ng ◽  
A. S. M. Kayes ◽  
Jabed Chowdhury ◽  
Mamoun Alazab ◽  
...  

Blockchain technology has become one of the most popular technologies for maintaining digital transactions. From the foundation of Bitcoin to the now predominant smart contract, blockchain technology promises to induce a shift in thought about digital transactions in many fields, such as energy, healthcare, Internet of Things, cybersecurity, financial services and the supply chain. Despite blockchain technology offers many cryptography advantages such as immutability, digital signature and hashing; it has suffered from several critical cybersecurity threats and vulnerabilities. In this paper, we build upon the previous studies on vulnerabilities and investigates over 60 real cybersecurity incidents that have been happening on the blockchain networks between 2009 and 2019. We categorise those incidents against the key cybersecurity vulnerabilities in blockchain technologies; and have developed a taxonomy that captures five types of cybersecurity threats and vulnerabilities based on five main players in blockchain. The outcome of this research prompted concerns and research direction in developing countermeasures to alleviate these risks.


2019 ◽  
Vol 5 (1) ◽  
pp. 15-22
Author(s):  
Ardian Thresnantia Atmaja

The key objectives of this paper is to propose a design implementation of blockchain based on smart contract which have potential to change international mobile roaming business model by eliminating third-party data clearing house (DCH). The analysis method used comparative analysis between current situation and target architecture of international mobile roaming business that commonly used by TOGAF Architecture Development Method. The purposed design of implementation has validated the business value by using Total Cost of Ownership (TCO) calculation. This paper applies the TOGAF approach in order to address architecture gap to evaluate by the enhancement capability that required from these three fundamental aspect which are Business, Technology and Information. With the blockchain smart contract solution able to eliminate the intermediaries Data Clearing House system, which impacted to the business model of international mobile roaming with no more intermediaries fee for call data record (CDR) processing and open up for online billing and settlement among parties. In conclusion the business value of blockchain implementation in the international mobile roaming has been measured using TCO comparison between current situation and target architecture that impacted cost reduction of operational platform is 19%. With this information and understanding the blockchain technology has significant benefit in the international mobile roaming business.


2018 ◽  
Author(s):  
Shivika Narang ◽  
Praphul Chandra ◽  
Shweta Jain ◽  
Narahari Y

The blockchain concept forms the backbone of a new wave technology that promises to be deployed extensively in a wide variety of industrial and societal applications. In this article, we present the scientific foundations and technical strengths of this technology. Our emphasis is on blockchains that go beyond the original application to digital currencies such as bitcoin. We focus on the blockchain data structure and its characteristics; distributed consensus and mining; and different types of blockchain architectures. We conclude with a section on applications in industrial and societal settings, elaborating upon a few applications such as land registry ledger, tamper-proof academic transcripts, crowdfunding, and a supply chain B2B platform. We discuss what we believe are the important challenges in deploying the blockchain technology successfully in real-world settings.


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