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This source would be extremely helpful in the implementation of a traceability system in any manufacturing which requires the knowledge of the source of components that make up a finished product. The examples that were given were clear and can aid in implementing of any manufacturing project.
Yoo, M., & Won, Y. (2018 November). A study on the transparent price tracing system in supply chain management based on blockchain. Sustainability 2018, 10 (4037), https://doi:10.3390/su10114037
This article discusses the usage and application of smart contracts to increase transparency in supply chain management systems. By keeping all aspects of the supply chain, including all applicable costs open to view, the authors believe that consumers and manufacturers alike will benefit. The theory was applied in a testbed setting, the authors hope to apply the test to SCM in actual operation in the future.
The research received no outside funding but was supported by the Korean Ministry of Science and ICT (MSIT). Given that this was a test run of their theory, the overall concept shows promise. They do point out specific strengths and weaknesses concerning both blockchain and the usage of smart contracts.
Although transparency is a solid goal for all transactions, the idea that imposition can be made upon businesses to only look for appropriate levels of profit shows a lack of business understanding. “...we propose a price tracing system that can prevent wholesale firms from making extra profits by automating some transactions and integrating them, thus making the pricing information in the SCM transparent.”
Zakhary, V., Agrawal, D., & El Abbadi, A. (2019 September). Transactional smart contracts in blockchain systems. https://arxiv.org/abs/1909.06494v1 | Full text
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