Bazaar-Contract: A Smart Contract for Binding Multi-Round Bilateral Negotiations on Cloud Markets

Pittl, Benedikt; Starflinger, Stefan; Mach, Werner; Schikuta, Erich

doi:10.1109/ficloud.2019.00028

Cited by 2 publications

(2 citation statements)

References 22 publications

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Mentioning

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“…Agriculture [111,129,137] Improve product quality and the associated supply chain and agricultural logistics [111] Reduce costs, eliminate intermediaries, increase transparency and safety [129] Automatic execution agreement, safe and real-time transactions, product traceability [137] Business [21,27,49,57,60,61,65,66,85,87,91,93,95,112,118,135,144,154] Eliminate the need for a trusted third party [27,49,61,65,66,91,95,112,118,135,144] Avoid the bid price leaked by the lead bidder [49] Preserve privacy [27,57,60,66,76] Ensure time-efficient and secure transactions [60,112] Provide cost reductions, faster transaction times, greater transparency, and reduced regulatory burdens [65] Prevent fraud [85,…”

Section: Industry Domain Benefitsmentioning

confidence: 99%

“…Second, regarding the contract management aspect, smart contracts could be a platform to ensure integrity and transparency during multiround bilateral negotiations, where buyers and suppliers could exchange their offers in an effective and trustworthy manner [87]. More importantly, smart contracts could reduce the effort spent on manual operation and confirmation, which greatly reduce workloads and disputes occurring in paper contracts [106].…”

Section: Rq3 What Are the Potential Advantages Of Smart Contracts In The Procurement Process?mentioning

confidence: 99%

See 1 more Smart Citation

A Review of Smart Contracts Applications in Various Industries: A Procurement Perspective

Chong

Chi

2021

Advances in Civil Engineering

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Smart contracts have been well-received by researchers and practitioners for the unique features of automatic execution, transparency, and nontampering in a blockchain environment. However, little is known about the current development status of knowledge and practice regarding the application of smart contracts in various industries, especially from the procurement perspective. Thus, this paper aims to address the gap with a mixed method of bibliometric analysis and systematic literature review. Based on the evaluation of 174 filtered publications, the review has analyzed the current development status of this research area with its distributions in years and journals, cooperation networks between authors, institutions, and countries, keywords cooccurrence network, and classifications of the application of smart contracts. The results show the application of smart contracts has attracted global attention since 2016 with the Ethereum and Hyperledger fabric as the main platforms in various industries, especially in information communication technology (ICT), public management, supply chain, energy, finance, and healthcare. Various functions and benefits of smart contracts, as well as their potential advantages, have been identified and articulated from the procurement perspective. A research framework has also been developed to highlight future procurement needs in business operations across the industries via an integrated procurement approach of smart contracts.

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