Blockchain in Supply Chain Trading

Document Type

Conference Proceeding

Source of Publication

ITT 2018 - Information Technology Trends: Emerging Technologies for Artificial Intelligence

Publication Date

2-21-2019

Abstract

© 2018 IEEE. The emergence of blockchain technology has created a frenzy and a mind shift for organizations and industries. Governments and international bodies are increasingly discussing the potential implications of blockchain's distributed ledgers on business, governments and the economy. The intended purpose of the blockchain technology is to connect business network members in a decentralized way. The technology enables exchange and sharing of information without the involvement of intermediaries acting as arbitrators. Powered by its decentralized nature, the network will not have any single point of failure and will not rely on any single entity. Hence, blockchain eliminates the risks of centralization. This paper discusses a scenario of a blockchain technology in distributed ledgers to manage a well function and secure supply chain.

ISBN

9781538671467

Publisher

Institute of Electrical and Electronics Engineers Inc.

First Page

336

Last Page

341

Disciplines

Computer Sciences

Keywords

blockchain, compliance (keywords), decentralization, distributed ledger, facilitation, trade supply chain

Scopus ID

85063226830

Indexed in Scopus

yes

Open Access

no

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