The Effect of Blockchain Technology in the Initial Stages of Auditor Investigation in the Halal Supply Chain

2021 ◽  
pp. 364-387
Author(s):  
Desi - Novianti ◽  
Yandra Arkeman ◽  
Mohammad Nabil Almunawar ◽  
Liesbetini Haditjaroko ◽  
Andes Ismayana
Keyword(s):  
Supply Chain ◽  
Internal Audit ◽  
Certification Process ◽  
Improve Efficiency ◽  
Trade Dispute ◽  
Blockchain Technology ◽  
Assurance System ◽  
External Audits

Each country in Asia will apply a halal assurance system (HAS) to get a halal certificate and logo. The problem with HAS in Asia is that every country has its own halal standard rules. This problem raises a trade dispute because imported products cannot enter another state market due to different halal standards. So, we need the same halal standards for every country in Asia, one of which requires transparency in each country's HAS. However, the HAS documentation process currently has several shortcomings, such as document fraud and transparency during internal and external audits. This chapter aims to discuss blockchain technology's development in solving internal audit problems to improve its performance, and blockchain technology can improve efficiency, transparency, and traceability of original documents, thereby enhancing the overall halal certification process. And it is hoped that this research will be taken into consideration for those who will make the same halal standards for every country in Asia.

Foundations of Blockchain Technology for Industrial and Societal Applications

2018 ◽  
Author(s):  
Shivika Narang ◽  
Praphul Chandra ◽  
Shweta Jain ◽  
Narahari Y
Keyword(s):  
Supply Chain ◽  
Data Structure ◽  
Real World ◽  
New Wave ◽  
Distributed Consensus ◽  
Wave Technology ◽  
Blockchain Technology ◽  
Different Types ◽  
Original Application

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.

From Supply Chain Management to Blockchain-Based Management

2019 ◽  
pp. 59-63
Author(s):  
G. V. Zubakov ◽  
O D. Protsenko ◽  
I. O. Protsenko
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Digital Economy ◽  
Practical Implementation ◽  
Chain Management ◽  
Mutual Trade ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Supply Chain Management System ◽  
The Government

The presented study addresses the current problems in the implementation of the distributed ledger (blockchain) technology in supply chain management mechanisms in the context of the digital economy. Aim. The study aims to analyze the application of the blockchain technology in modern economic processes from the perspective of logistics.Tasks. The authors consider the possibility of using the blockchain technology in the supply chain management system and explore ways to use the findings of the Eurasian Economic Commission (EEC) in the fieldof digital economy to organize information standardization processes within the supply chains of foreign and mutual trade.Methods. This study uses general scientific methods of cognition to examine approaches to the implementation of the blockchain technology in transport and logistics processes and to find opportunities for the implementation of smart contracts to ensure the traceability of the entire chain of commodity and information fl ws.Results. Implementation of the distributed ledger (blockchain) technology in the logistics processes of foreign and mutual trade increases the transparency of information fl ws and the speed of decisionmaking. This technology would allow the parties to negotiate directly, minimizing potential risks and the time required to approve a supply deal.Conclusions. The authors consider the possibility of using a systematic approach to the digitalization of transport and logistics processes and the subsequent standardization of information interaction at the B2B, B2G, and G2G levels, segmented by separate fields of transport and foreign trade and individual economic sectors. As a conclusion, the study assesses the prospects of the practical implementation of blockchain mechanisms in the creation of industrial platforms — digital platforms that provide integrated services for businesses and the government using a single window system.

Blockchain technology impact on the maritime supply chain

2019 ◽  
Author(s):  
Safia Nasih ◽  
Sara Arezki ◽  
Taoufiq Gadi
Keyword(s):  
Supply Chain ◽  
Blockchain Technology

scholarly journals Third Party Certification of Agri-Food Supply Chain Using Smart Contracts and Blockchain Tokens

Sensors ◽  
2021 ◽  
Vol 21 (16) ◽  
pp. 5307
Author(s):  
Ricardo Borges dos Santos ◽  
Nunzio Marco Torrisi ◽  
Rodrigo Palucci Pantoni
Keyword(s):  
Supply Chain ◽  
Mobile Application ◽  
Consumer Behaviour ◽  
Economic Incentives ◽  
Third Party ◽  
Smart Contracts ◽  
Proof Of Concept ◽  
Socially Responsible ◽  
The Public ◽  
Blockchain Technology

Every consumer’s buying decision at the supermarket influences food brands to make first party claims of sustainability and socially responsible farming methods on their agro-product labels. Fine wines are often subject to counterfeit along the supply chain to the consumer. This paper presents a method for efficient unrestricted publicity to third party certification (TPC) of plant agricultural products, starting at harvest, using smart contracts and blockchain tokens. The method is capable of providing economic incentives to the actors along the supply chain. A proof-of-concept using a modified Ethereum IGR token set of smart contracts using the ERC-1155 standard NFTs was deployed on the Rinkeby test net and evaluated. The main findings include (a) allowing immediate access to TPC by the public for any desired authority by using token smart contracts. (b) Food safety can be enhanced through TPC visible to consumers through mobile application and blockchain technology, thus reducing counterfeiting and green washing. (c) The framework is structured and maintained because participants obtain economical incentives thus leveraging it´s practical usage. In summary, this implementation of TPC broadcasting through tokens can improve transparency and sustainable conscientious consumer behaviour, thus enabling a more trustworthy supply chain transparency.

scholarly journals The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining

2021 ◽  
Vol 13 (14) ◽  
pp. 7585
Author(s):  
Yunmei Liu ◽  
Shuai Zhang ◽  
Min Chen ◽  
Yenchun Wu ◽  
Zhengxian Chen
Keyword(s):  
Data Mining ◽  
Supply Chain ◽  
Financial Institutions ◽  
Clustering Algorithm ◽  
Development Trend ◽  
Research Field ◽  
Trend Prediction ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
The Government

Blockchain technology is the most cutting-edge technology in the field of financial technology, which has attracted extensive attention from governments, financial institutions and investors of various countries. Blockchain and finance, as an interdisciplinary, cross-technology and cross-field topic, has certain limitations in both theory and application. Based on the bibliometrics data of Web of Science, this paper conducts data mining on 759 papers related to blockchain technology in the financial field by means of co-word analysis, bi-clustering algorithm and strategic coordinate analysis, so as to explore hot topics in this field and predict the future development trend. The experimental results found ten research topics in the field of blockchain combined with finance, including blockchain crowdfunding, Fintech, encryption currency, consensus mechanism, the Internet of Things, digital financial, medical insurance, supply chain finance, intelligent contract and financial innovation. Among them, blockchain crowdfunding, Fintech, encryption currency and supply chain finance are the key research directions in this research field. Finally, this paper also analyzes the opportunities and risks of blockchain development in the financial field and puts forward targeted suggestions for the government and financial institutions.

Application of blockchain technology for sustainability development in agricultural supply chain: justification framework

2021 ◽  
Author(s):  
Archana A Mukherjee ◽  
Rajesh Kumar Singh ◽  
Ruchi Mishra ◽  
Surajit Bag
Keyword(s):  
Supply Chain ◽  
Blockchain Technology ◽  
Agricultural Supply

scholarly journals Blockchain-Based Application for Certification Management

2020 ◽  
Vol 14 (4) ◽  
pp. 488-492
Author(s):  
Jovan Karamachoski ◽  
Ninoslav Marina ◽  
Pavel Taskov
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Human Factor ◽  
Computer Code ◽  
Chain Management ◽  
Practical Applications ◽  
Sustainable Technologies ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Crucial Part

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.

A Blockchain Technology Approach for the Security and Trust of the IC Supply Chain

2019 ◽  
Author(s):  
Akshay Kulkarni ◽  
Noor Ahmad Hazari ◽  
Mohammed Niamat
Keyword(s):  
Supply Chain ◽  
Blockchain Technology
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