Supply Chain Smart Contracts

Description / Scope

Supply Chain Scenarios / Use Cases

Scenario 1:

Food suppliers in the U.S. must comply with U.S. Food and Drug Administration (FDA) Foreign Supplier Verification Program regulatory requirements before they can ship their products to market. Regulatory compliance is a high-focus area in which developers are looking to build applications that automate and standardize processes used to enforce and execute compliance. Blockchain presents an opportunity to do just that. For this use case, imagine that a supplier is transferring the food products to an importer who verifies that the supplier, country, and food type all match the correct identifiers. At the port of entry, the supplier is again checked against a list of known suppliers in a database (managed by the regulator). If the supplier is of type exempt, then the products are transferred to the retailer. If the supplier is non-exempt, the products are checked against a list of known food products in a database (managed by the regulator). If the food is an exempt product, then it is transferred to the retailer. If the food is non-exempt, the importer must conduct the hazard analysis (either independently or by using a third party). The supplier provides the hazard analysis report to the regulator. The regulator reviews compliance and transfers the products to the retailer. This pattern captures the regulatory compliance logic for the FDA Foreign Supplier Verification Program in a smart contract that’s deployed on a business network. (source https://github.com/IBM/PublicRegulationFabric-Food-IBPV20) 

1. Scenario
2. SCenario

Smart Contracts deriving from scenarios/use cases