An integrated framework for blockchain-enabled supply chain trust management towards smart manufacturing. (January 2022)

• Record Type: Journal Article
• Authors: Wu, Yue; Zhang, Yingfeng
• Is Part Of: Advanced engineering informatics. Volume 51(2022)
• Publication Date: 2022-01
• Subjects: Blockchain -- Smart manufacturing -- Supply chain -- Trust management -- Coal mine industry; Computer-aided engineering -- Periodicals; Engineering -- Data processing -- Periodicals; 620.00285
• DOI: 10.1016/j.aei.2021.101522
• Languages: English
• ISSNs: 1474-0346

Abstract

Abstract: With the development of a new generation of information technology, smart manufacturing has put forward higher requirements for supply chain. It is necessary to ensure the synchronization of the supply chain operation and maintain the reliability of the supply chain management, therefore the trust evaluation for the supply chain becomes extremely important. Traditional supply chain management has problems such as information flow is easy to be tampered with, logistics is difficult to trace, and capital flow is not true, which leads to increased opportunity costs due to the lack of trust among transaction entities in the supply chain. The emergence of blockchain technology provides an opportunity to improve the supply chain ecosystem. In this paper, an integrated framework for blockchain-enabled supply chain trust management towards smart manufacturing is proposed to explain how to enhance trust management with the help of blockchain from the perspectives of information flow, logistics, and capital flow. An optimized trust management model is designed for better entities evaluation in supply chain. A coal mine equipment manufacturing industry scenario is presented to illustrate the effectiveness of the proposed framework.