Blockchain technology key to veracity in supply chain transaction data
MetadataShow full item record
Clasby, D., & Wollega, E., PhD. (2020). Blockchain technology key to veracity in supply chain transaction data. Journal of Management & Engineering Integration, 13(2), 1-7.
Data are the foundation of the supply chain. However, the modern data stream in a supply chain is based on trust of the actors therein. Blockchain, a form of distributed ledger technology, eliminates the trust requirement of sharing supply chain data and allows each user to maintain an accurate, current copy of the ledger, without fear of data corruption or manipulation by bad actors. This paper reviews the application of blockchain to the management of transaction data in the supply chain. An overview of current blockchain technology will be discussed as well as advantages and disadvantages of the technology when applied to the supply chain. Current uses and research of the blockchain in supply chains will be discussed. There are three basic types of materials that are being explored in supply chain management using blockchain technology. The first is information-based materials and products. The most natural starting place for the blockchain is to replace the documentation and financial instruments. The second is fungible or commodity type materials. These goods are those delivered and consumed automatically, such as energy. The last are luxury, or crucial materials. These are items that are expensive or important enough that the costs of using advanced tracking technology makes economic sense.
Published in SOAR: Shocker Open Access Repository by Wichita State University Libraries Technical Services, November 2022.
Showing items related by title, author, creator and subject.
Zhang, Bangwei (Wichita State University. Graduate School, 2010-04-23)The objective of the project presented here was to develop a new nanocomposite coating materials for protection of advanced fiber reinforced composite wind turbine blades against UV degradation and corrosion from weathering. ...
Eames, Matthew (Wichita State University. Graduate School., 2012-04-18)Clay and its ceramic counterparts are one of the most prominent materials used within contemporary society. There is countless integration amongst the development of our surrounding world from utilitarian vessels to ...
Bharti, Satyam K. (Wichita State University, 2022-05)This research aims at obtaining the material response of homogenized 3D printed elastomers under three loading conditions, uniaxial tension, equibiaxial tension, and planar tension. The finite element model of 3D printed ...