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Blockchain ready manufacturing supply chain using distributed ledger

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journal contribution
posted on 30.09.2016, 10:38 authored by Saveen A Abeyratne, Radmehr MonfaredRadmehr Monfared
The blockchain technology as a foundation for distributed ledgers offers an innovative platform for a new decentralized and transparent transaction mechanism in industries and businesses. The inherited characteristics of this technology enhance trust through transparency and traceability within any transaction of data, goods, and financial resources. Despite initial doubts about this technology, recently governments and large corporations have investigated to adopt and improve this technology in various domains of applications, from finance, social and legal industries to design, manufacturing and supply chain networks. In this article, the authors review the current status of this technology and some of its applications. The potential benefit of such technology in manufacturing supply chain is then discussed in this article and a vision for the future blockchain ready manufacturing supply chain is proposed. Manufacturing of cardboard boxes are used as an example to demonstrate how such technology can be used in a global supply chain network. Finally, the requirements and challenges to adopt this technology in the future manufacturing systems are discussed.

History

School

  • Mechanical, Electrical and Manufacturing Engineering

Published in

International journal of research in engineering and technology

Volume

05

Issue

09

Citation

ABEYRATNE, S.A. and MONFARED, R.P., 2016. Blockchain ready manufacturing supply chain using distributed ledger. International Journal of Research in Engineering and Technology, 05(09), pp. 1-10.

Publisher

© The Authors. Published by eSAT

Version

AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceptance date

12/09/2016

Publication date

2016

Notes

This paper was accepted for publication in the journal International Journal of Research in Engineering and Technology and the definitive published version is available at: http://doi.org/10.15623/ijret.2016.0509001

ISSN

2321-7308

eISSN

2319-1163

Language

en

Location

United Kingdom