A Supply Chain Model with Blockchain-Enabled Reverse Auction Bidding Process for Transparency and Efficiency

Koirala, Ravi Chandra; Dahal, Keshav; Matalonga, Santiago; Rijal, Rameshwar

doi:10.1109/skima47702.2019.8982476

Cited by 15 publications

(11 citation statements)

References 17 publications

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“…Yes Ethereum Food Supply Chain Koirala et al [86] A BC-based supply chain model is described in this study to demonstrate how openness is preserved in a carrier procurement bidding process, creating the system more well-organized and safe. The reverse auction bidding process is handled by a smart contract called 'Bidding,' which is constructed in Solidity and deployed on BC.…”

Section: Yes Hyperledger Sawtoothmentioning

confidence: 96%

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

et al. 2022

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Supply chain management (SCM) is a core corporate activity responsible for moving commodities and services from one point to another through various stakeholders. The traditional SCM is based on a centralized approach managed at the central headquarter, and all other sub-offices get instructions from the main office. Some major issues with present SCM systems are security, transactional transparency, traceability, stakeholder involvement, product counterfeiting, additional delays, fraud, and instabilities. Blockchain (BC) emerges as a technology that can manage the data and build trust efficiently and transparently. It can also aid in transaction authorization and verification in the supply chain or payments without a third party. To address the present SCM issues, BC technology is a feasible solution. Motivated by the aforementioned considerations, in this paper, we present a survey on the adoption of BC in SCM. This paper undertakes a comprehensive analysis of the literature on BC characteristics, implementations, and business consequences in various SCM. This Blockchain-centered study, in particular, discloses the research state and delineates future research directions by studying and analyzing 97 up-to-date publications highlighting BC's supply chain uses. Transparency and traceability, information sharing, product anticounterfeiting, and building trust are the major aspects propelling BC's implementation in SCM. Further, we analyzed various applications of SCM in which BC can be used as a probable technology to secure all transactions. Then, we have highlighted open issues and research challenges for adopting BC technology in SCM that open the doors for beginners eager to start work in this amazing area.

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Section: Yes Hyperledger Sawtoothmentioning

confidence: 96%

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

et al. 2022

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“…Martins et al [142] proposed a customer-driven supply chain marketplace on the blockchain, where customers post their proposals and suppliers strive to outbid each other in a reverse auction model. Similarly, Koirala et al [143] introduced a solution to improve transparency and traceability in the carrier procurement process. Their solution considers multiple attributes of carriers in the supply chain during the reverse auction bidding process.…”

Section: Others 1) Data Managementmentioning

confidence: 99%

When Blockchain Meets Auction Models: A Survey, Some Applications, and Challenges

Laat¹,

Grosso²,

Shi³

2021

Preprint

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In recent years, blockchain has gained widespread attention as an emerging technology for decentralization, transparency, and immutability in advancing online activities over public networks. As an essential market process, auctions have been well studied and applied in many business fields due to their efficiency and contributions to fair trade. Complementary features between blockchain and auction models trigger a great potential for research and innovation. On the one hand, the decentralized nature of blockchain can provide a trustworthy, secure, and cost-effective mechanism to manage the auction process; on the other hand, auction models can be utilized to design incentive and consensus protocols in blockchain architectures. These opportunities have attracted enormous research and innovation activities in both academia and industry; however, there is a lack of an in-depth review of existing solutions and achievements. In this paper, we conduct a comprehensive state-ofthe-art survey of these two research topics. We review the existing solutions for integrating blockchain and auction models, with some application-oriented taxonomies generated. Additionally, we highlight some open research challenges and future directions towards integrated blockchain-auction models.

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“…Besides following the product life-cycle model, some [28], [30], [31], [36], [72]- [75], [77]- [80], Performance Improvement [64], Quality Assurance and Quality Control [35], [71], Sustainability [46], Transparency [76] Ethereum [27], [28], [30], [31], [36], [74]- [76], [80], Hyperledger [27], [31], [35], [77], [78], Double Chain [64], BigchainDB [26], Carbon Footprint Chain [46] Pharmaceutical Data Privacy and Confidentiality [14], Quality Assurance and Quality Control [84], Performance Improvement [85], Provenance [11], [32], [81]- [83] Hyperledger [81], [84], Gcoin [32], QuarkChain [85] Postage…”

Section: B Proposed Solutions To the Supply Chain Challengesmentioning

confidence: 99%

“…The challenge of transparency is also found in the food industry [76]. The concern for transparency comes from customers bidding on food products.…”

Section: B Proposed Solutions To the Supply Chain Challengesmentioning

confidence: 99%

“…Blockchain can ensure fair bidding in the supply chain. Koirala et al [76] proposed a Reverse Auction Bidding (RAB) network, where a customer solicits bids from a producer until the customer is satisfied. This work uses smart contracts that maintain the transparency of transactions and automate the application in Ethereum.…”

Section: B Proposed Solutions To the Supply Chain Challengesmentioning

confidence: 99%

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How Blockchain Enhances Supply Chain Management: A Survey

Shakhbulatov

Medina

Dong

et al. 2020

IEEE Open J. Comput. Soc.

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Supply chains are challenged with providing transparency and trust among participants and stakeholders and ensuring an efficient operation. However, some of these challenges are difficult to resolve because the records of a supply chain can be altered by its participants. The emergence of blockchain technology has been identified as a promising solution to resolve these challenges. Blockchain is an immutable distributed ledger. Here, we introduce blockchain and survey different blockchain frameworks that have been recently proposed to address some of the supply chain challenges. We describe the operation of these blockchain frameworks and their components. We identify the objectives and motivation in each of the surveyed use cases and highlight the advantages and disadvantages of each adopted framework by different industries. We analyze how the reported blockchain frameworks address supply chain challenges. We present a comparative summary of existing literature on blockchain for supply chain. We also summarize the properties of a blockchain framework for its successful adoption in future supply chains and discuss several challenges and opportunities that remain for future research.

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A Supply Chain Model with Blockchain-Enabled Reverse Auction Bidding Process for Transparency and Efficiency

Cited by 15 publications

References 17 publications

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

When Blockchain Meets Auction Models: A Survey, Some Applications, and Challenges

How Blockchain Enhances Supply Chain Management: A Survey

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