Foundational premises and value drivers of blockchain-driven supply chains: the trade finance experience
ISBN
9780749482404
Type
book section
Date Issued
2018-12-28
Author(s)
Abstract
The recent hype about blockchain technology and its abilities has led to a reconsideration of existing structures in the field of finance. With a bigger focus on efficient transaction processing, interaction and automation, the underlying concept of a distributed ledger has also showed feasibility for a much broader field. For this reason, the objective of this article lies in a first evaluation of this technology for blockchain-driven supply chains by taking a closer look at potential use cases and existing applications, particularly supply chain operations and trade finance. By aligning all relevant data streams on a digital scale, it is possible not only to make trading processes significantly more functional, but also to improve regulatory control through elimination of redundant practices. A digital, autonomous, decentralized, and distributed network would be applicable to a countless number of services. The initial concept for trade finance provides here a foundation to close the gap between vague assumptions and practical contributions in supply chain management.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Book title
Tate, Wendy; Bals, Lydia & Ellram, Lisa (Eds.): Supply Chain Finance: Risk Management, Resilience and Supplier Management
Publisher
Kogan Page
Publisher place
London, Philadelphia PA, New Delhi
Start page
225
End page
255
Subject(s)
Eprints ID
255651
File(s)![Thumbnail Image]()
Loading...
open.access
Name
large_9780749482404.jpg
Size
13.68 KB
Format
JPEG
Checksum (MD5)
999a925c8339394f2a34dd7222134c93