Variants in managing supply chains on distributed ledgers

TL;DR

This paper presents an architecture using smart contracts on Hyperledger Fabric to improve supply chain management by implementing income sharing algorithms, highlighting its advantages over public blockchains like Ethereum.

Contribution

It introduces a novel architecture employing smart contracts for income sharing in supply chains on Hyperledger Fabric, with comparative analysis to public blockchains.

Findings

Effective implementation of income sharing algorithms on Hyperledger Fabric.

Comparison shows Hyperledger Fabric's suitability over Ethereum for private supply chain applications.

Enhanced supply chain efficiency and collaboration through blockchain-based smart contracts.

Abstract

Smart contracts show a high potential for ensuring that Supply Chain Management strategies make a qualitative leap toward higher levels of optimality, not only in terms of efficiency and profitability but also in the aggregation of skills aimed at creating the best products and services to bring to the market. In this article, we illustrate an architecture that employs smart contracts to implement various algorithmic versions of the Income Sharing principle between companies participating in a supply chain. We implement our approach on Hyperledger Fabric, the most widespread platform for private and consortium distributed ledgers, and discuss its suitability to our purposes by comparing this design choice with the alternative given by public blockchains, with particular attention to Ethereum.