Blockchain Technology in Supply Chain Management: Developing Smart Contracts Based on Python

Xiang He

doi:10.54097/1k2nsn19

Authors

Xiang He

DOI:

https://doi.org/10.54097/1k2nsn19

Keywords:

Blockchain technology, Supply chain management, Smart contract, Python development, Transparency, Efficiency, Security, Trust

Abstract

With the development of the global economy and the progress of science and technology, the importance of supply chain management in modern economic activities has become increasingly prominent. However, traditional supply chain management is characterized by problems such as information silos, low transparency, and difficulties in traceability, which seriously affect the efficiency and security of the supply chain. The introduction of blockchain technology provides a new technical path and solution to solve these problems. This paper explores the application of blockchain technology, especially smart contracts, in supply chain management. By developing Python-based smart contracts, this paper verifies the effectiveness of blockchain technology in enhancing supply chain transparency, efficiency, security, and trust. In addition, this paper demonstrates the current status and challenges of the application of blockchain technology in supply chain management through literature review and case study analysis, and points out the direction of future research. The findings of this paper show that the application of blockchain technology in supply chain management has significant advantages, but it is still necessary to further optimize the performance and security of smart contracts and explore more application scenarios.

Downloads

Download data is not yet available.

References

[1] Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System.

[2] Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Penguin.

[3] Zheng, Z., Xie, S., Dai, H., Chen, X., & Wang, H. (2017). An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends. In 2017 IEEE International Congress on Big Data (BigData Congress) (pp. 557-564). IEEE.

[4] Iansiti, M., & Lakhani, K. R. (2017). The Truth About Blockchain. Harvard Business Review, 95(1), 118-127.

[5] Swan, M. (2015). Blockchain: Blueprint for a New Economy. O'Reilly Media, Inc.

[6] Szabo, N. (1997). The Idea of Smart Contracts. Nick Szabo’s Papers and Concise Tutorials.

[7] Buterin, V. (2014). A Next-Generation Smart Contract and Decentralized Application Platform. Ethereum White Paper.

[8] Christidis, K., & Devetsikiotis, M. (2016). Blockchain and Smart Contracts for the Internet of Things. IEEE Access, 4, 2292-2303.

[9] Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and its relationship to sustainable supply chain management. International Journal of Production Research, 57(7), 2117-2135.

[10] Kshetri, N. (2018). Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management, 39, 80-89.

[11] Francisco, K., & Swanson, D. (2018). The Supply Chain Has No Clothes: Technology Adoption of Blockchain for Supply Chain Transparency. Logistics, 2(1), 2.

[12] Lee, J. G., & Lee, S. J. (2018). A study on a blockchain-based pharmaceutical supply chain system: Focusing on the verification of forgery and falsification. Journal of Information Technology Applications & Management, 25(4), 1-15.

[13] Zhang, Q., & Wen, Q. (2019). Application of blockchain technology in agricultural products supply chain. Transactions of the Chinese Society of Agricultural Engineering, 35(3), 1-8.

[14] Tian, F. (2017). A supply chain traceability system for food safety based on HACCP, blockchain & Internet of things. In 2017 International Conference on Service Systems and Service Management (pp. 1-6). IEEE. DOI: https://doi.org/10.1109/ICSSSM.2017.7996119

[15] Caro, M. P., Ali, M. S., Vecchio, M., & Giaffreda, R. (2018). Blockchain-based traceability in agri-food supply chain management: Practical applications. In 2018 IoT Vertical and Topical Summit on Agriculture - Tuscany (IOT Tuscany) (pp. 1-4). IEEE. DOI: https://doi.org/10.1109/IOT-TUSCANY.2018.8373021

[16] Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System.

[17] Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Penguin.

[18] Iansiti, M., & Lakhani, K. R. (2017). The Truth About Blockchain. Harvard Business Review, 95(1), 118-127.

[19] Szabo, N. (1997). The Idea of Smart Contracts. Nick Szabo’s Papers and Concise Tutorials.

[20] Buterin, V. (2014). A Next-Generation Smart Contract and Decentralized Application Platform. Ethereum White Paper.

[21] Christidis, K., & Devetsikiotis, M. (2016). Blockchain and Smart Contracts for the Internet of Things. IEEE Access, 4, 2292-2303. DOI: https://doi.org/10.1109/ACCESS.2016.2566339

[22] Swan, M. (2015). Blockchain: Blueprint for a New Economy. O'Reilly Media, Inc.

[23] Zheng, Z., Xie, S., Dai, H., Chen, X., & Wang, H. (2017). An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends. In 2017 IEEE International Congress on Big Data (BigData Congress) (pp. 557-564). IEEE. DOI: https://doi.org/10.1109/BigDataCongress.2017.85

[24] Kshetri, N. (2018). Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management, 39, 80-89. DOI: https://doi.org/10.1016/j.ijinfomgt.2017.12.005

[25] Francisco, K., & Swanson, D. (2018). The Supply Chain Has No Clothes: Technology Adoption of Blockchain for Supply Chain Transparency. Logistics, 2(1), 2. DOI: https://doi.org/10.3390/logistics2010002

[26] Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and its relationship to sustainable supply chain management. International Journal of Production Research, 57(7), 2117-2135. DOI: https://doi.org/10.1080/00207543.2018.1533261