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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/22625

Title: Blockchain ready manufacturing supply chain using distributed ledger
Authors: Abeyratne, Saveen A
Monfared, Radmehr P.
Keywords: Blockchain
Distributed ledger
Manufacturing supply chain
Digital currency and economy
Issue Date: 2016
Publisher: © The Authors. Published by eSAT
Citation: ABEYRATNE, S.A. and MONFARED, R.P., 2016. Blockchain ready manufacturing supply chain using distributed ledger. International Journal of Research in Engineering and Technology, 05(09), pp. 1-10.
Abstract: The blockchain technology as a foundation for distributed ledgers offers an innovative platform for a new decentralized and transparent transaction mechanism in industries and businesses. The inherited characteristics of this technology enhance trust through transparency and traceability within any transaction of data, goods, and financial resources. Despite initial doubts about this technology, recently governments and large corporations have investigated to adopt and improve this technology in various domains of applications, from finance, social and legal industries to design, manufacturing and supply chain networks. In this article, the authors review the current status of this technology and some of its applications. The potential benefit of such technology in manufacturing supply chain is then discussed in this article and a vision for the future blockchain ready manufacturing supply chain is proposed. Manufacturing of cardboard boxes are used as an example to demonstrate how such technology can be used in a global supply chain network. Finally, the requirements and challenges to adopt this technology in the future manufacturing systems are discussed.
Description: This paper was accepted for publication in the journal International Journal of Research in Engineering and Technology and the definitive published version is available at: http://doi.org/10.15623/ijret.2016.0509001
Version: Accepted for publication
DOI: 10.15623/ijret.2016.0509001
URI: https://dspace.lboro.ac.uk/2134/22625
Publisher Link: http://doi.org/10.15623/ijret.2016.0509001
ISSN: 2321-7308
Appears in Collections:Published Articles (Mechanical, Electrical and Manufacturing Engineering)

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