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Augmenting cryptocurrency in smart supply chain
Journal of Industrial Information Integration ( IF 15.7 ) Pub Date : 2020-11-27 , DOI: 10.1016/j.jii.2020.100188
Wattana Viriyasitavat , Danupol Hoonsopon , Zhuming Bi

Blockchain has been successfully used in many applications for international asset transfers and domestic payments. In these cases, payment processes are more liquidated and automated leading to the paradigm shift in the payment industry. The advancement of Blockchain technology (BCT) tends to replace conventional payment methods in supply chain that may involve payment terms. However, when BCT is applied, some payment conditions can be met by adopting smart contracts; while other scenarios such as a payment in arrears have yet been addressed. For example, no payment solution is available for anticipated funds associated with contractual dues. To improve the flexibility, we propose a new architecture based on smart contracts to lubricate the payments, and we evaluate the effectiveness of the architecture. The system has its great theoretic and practical significance since it creates the new technical thread that enterprises would be able to fully utilize future resources in current businesses.



中文翻译:

增强智能供应链中的加密货币

区块链已成功用于国际资产转移和国内支付的许多应用中。在这些情况下,支付流程更加清算和自动化,从而导致支付行业发生范式转变。区块链技术(BCT)的发展趋向于取代供应链中可能涉及付款条款的传统付款方式。但是,在应用BCT时,可以通过采用智能合约来满足某些付款条件。而其他情况,例如拖欠付款,则尚未解决。例如,对于与合同应付款相关的预期资金,没有可用的付款解决方案。为了提高灵活性,我们提出了一种基于智能合约的新架构来润滑支付,并评估了该架构的有效性。

更新日期:2020-12-17
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