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Blockchain Technology for Supply Chain Traceability, Transparency and Data Provenance

Published: 10 December 2018 Publication History

Abstract

The mining and metals industry is a critical component of the global economy. However, many operational and commercial practices remain inefficient and antiquated, leading to critical data omissions, security vulnerabilities, and even corruption. Mining supply chain faces several challenges like traceability, transparency, interoperability between supplier platforms and so on. Traditional systems are inefficient and hence this paper explores the use of an emerging digital technology named blockchain. The blockchain is a distributed digital ledger that keeps a record of every transaction securely and reliably without the need of third parties that reduces the exposure of the data to hackers. Blockchain technology improves productivity by replacing the standard contract with smart contracts. This paper outlines several key applications of blockchain for the mining industry.

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  • (2024)Blockchain in Enterprise Resource Planning Systems: A Comprehensive Review of Emerging Trends, Challenges, and Future PerspectivesManagement Systems in Production Engineering10.2478/mspe-2024-005532:4(571-586)Online publication date: 9-Nov-2024
  • (2024)Digital transformation and supply chain efficiency improvement: An empirical study from a-share listed companies in ChinaPLOS ONE10.1371/journal.pone.030213319:4(e0302133)Online publication date: 16-Apr-2024
  • (2024)PRISM-Guardian: Enhancing Data Privacy in Devices With Sound Collection, Recognition, and Sharing Through Blockchain TechnologyIEEE Sensors Letters10.1109/LSENS.2024.34821778:11(1-4)Online publication date: Dec-2024
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    cover image ACM Other conferences
    ICBTA '18: Proceedings of the 2018 International Conference on Blockchain Technology and Application
    December 2018
    32 pages
    ISBN:9781450366465
    DOI:10.1145/3301403
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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    • Xi'an Jiaotong-Liverpool University: Xi'an Jiaotong-Liverpool University

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    New York, NY, United States

    Publication History

    Published: 10 December 2018

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    Author Tags

    1. Blockchain
    2. ERP
    3. Mining Industries
    4. Smart Contract

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    Cited By

    View all
    • (2024)Blockchain in Enterprise Resource Planning Systems: A Comprehensive Review of Emerging Trends, Challenges, and Future PerspectivesManagement Systems in Production Engineering10.2478/mspe-2024-005532:4(571-586)Online publication date: 9-Nov-2024
    • (2024)Digital transformation and supply chain efficiency improvement: An empirical study from a-share listed companies in ChinaPLOS ONE10.1371/journal.pone.030213319:4(e0302133)Online publication date: 16-Apr-2024
    • (2024)PRISM-Guardian: Enhancing Data Privacy in Devices With Sound Collection, Recognition, and Sharing Through Blockchain TechnologyIEEE Sensors Letters10.1109/LSENS.2024.34821778:11(1-4)Online publication date: Dec-2024
    • (2024)Blockchain Technology for Global Supply Chain Management: A Survey of Applications, Challenges, Opportunities and ImplicationsIEEE Access10.1109/ACCESS.2024.339975912(70065-70088)Online publication date: 2024
    • (2024)Sustainable Blockchain and Supply Chain Management: Integration Issues, Challenges, Potentials and ApplicationsSustainable Security Practices Using Blockchain, Quantum and Post-Quantum Technologies for Real Time Applications10.1007/978-981-97-0088-2_2(23-45)Online publication date: 3-Apr-2024
    • (2024)Design and evaluation of a blockchain‐based system for increasing customer engagement in circular economyCorporate Social Responsibility and Environmental Management10.1002/csr.2948Online publication date: 28-Aug-2024
    • (2023)FAME: Federated Decentralized Trusted Data Marketplace for Embedded Finance2023 International Conference on Smart Applications, Communications and Networking (SmartNets)10.1109/SmartNets58706.2023.10215814(1-6)Online publication date: 25-Jul-2023
    • (2023)Comparative Study of Blockchain Technology in Supply Chain Management2023 Third International Conference on Artificial Intelligence and Smart Energy (ICAIS)10.1109/ICAIS56108.2023.10073892(1486-1490)Online publication date: 2-Feb-2023
    • (2023)Decentralised Blockchain-Based Framework for Securing eVoting SystemExpert Clouds and Applications10.1007/978-981-99-1745-7_57(781-799)Online publication date: 2-Jul-2023
    • (2023)Reliable Data Provenance in HCNBlockchain-Based Data Security in Heterogeneous Communications Networks10.1007/978-3-031-52477-6_3(57-90)Online publication date: 19-Dec-2023
    • Show More Cited By

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