Using a smart contract for the floral supply chain

IF 5.5 Q1 MANAGEMENT

Asia Pacific Management Review Pub Date : 2024-09-01 DOI:10.1016/j.apmrv.2023.12.004

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引用次数: 0

Abstract

The floral supply chain is one of the most delicate logistics networks in existence, requiring intensive monitoring of temperature, humidity, and product conditions to ensure the quality of flowers. However, the traditional centralized supply chain involves exchanging information back and forth, and therefore wastes time, money, and resources. In addition, centralized data control without security verification exposes logistics information to the risk of hacking, information tampering, and counterfeiting.

Blockchain technology offers decentralization, immutability, and encryption security. Furthermore, application of Internet of Things (IoT) technology has made it easier to monitor goods and the distribution process. Combining the above two new technologies can effectively improve the transparency and traceability of the floral supply chain and make transactions more secure through the digital signature verification process. In this research, we propose a smart contract for the floral supply chain. Through contract compilation, the proposed contract defines the delivery process status, delivery specifications, and other conditions in the shipping process so that the status of the goods is updated on the blockchain, giving the supply chain higher traceability. This study also defines the process for and conditions of money transactions between buyers and sellers using such smart contracts, thereby automating the transaction, improving its efficiency, and saving on labor costs and paper waste. This research also compares the proposed smart contract to traditional transaction methods. The pros and cons are thoroughly discussed, offering significant benefit to decision makers.

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在花卉供应链中使用智能合约

花卉供应链是现存最精细的物流网络之一，需要对温度、湿度和产品条件进行密集监控，以确保花卉的质量。然而，传统的集中式供应链需要来回交换信息，因此浪费了时间、金钱和资源。此外，没有安全验证的集中式数据控制会使物流信息面临黑客攻击、信息篡改和伪造的风险。此外，物联网（IoT）技术的应用使监控货物和配送过程变得更加容易。结合上述两种新技术，可以有效提高花卉供应链的透明度和可追溯性，并通过数字签名验证过程使交易更加安全。在这项研究中，我们提出了一种花卉供应链智能合约。通过合约编制，所提出的合约定义了发货过程中的交货流程状态、交货规格和其他条件，从而在区块链上更新货物状态，使供应链具有更高的可追溯性。本研究还利用此类智能合约定义了买卖双方之间的货币交易流程和条件，从而实现交易自动化，提高交易效率，节省人力成本和纸张浪费。本研究还将拟议的智能合约与传统交易方法进行了比较。对其利弊进行了深入讨论，为决策者提供了重大益处。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia Pacific Management Review MANAGEMENT-

CiteScore

8.00

自引率

4.50%

发文量

期刊介绍： Asia Pacific Management Review (APMR), peer-reviewed and published quarterly, pursues to publish original and high quality research articles and notes that contribute to build empirical and theoretical understanding for concerning strategy and management aspects in business and activities. Meanwhile, we also seek to publish short communications and opinions addressing issues of current concern to managers in regards to within and between the Asia-Pacific region. The covered domains but not limited to, such as accounting, finance, marketing, decision analysis and operation management, human resource management, information management, international business management, logistic and supply chain management, quantitative and research methods, strategic and business management, and tourism management, are suitable for publication in the APMR.