Big Production Enterprise Supply Chain Endogenous Risk Management Based on Blockchain

• Main Authors: Yonggui Fu, Jianming Zhu
• Format: Article
• Language: English
• Published: IEEE 2019-01-01
• Series: IEEE Access
• Subjects: Blockchain; big production enterprise; supply chain; endogenous risk management
• Online Access: https://ieeexplore.ieee.org/document/8626088/

In view of the influence of information's “incompleteness” and “asymmetry” to supply chain operation efficiency, we make big production enterprise as the object and apply blockchain to its supply chain endogenous risk management, to research the specific operation mechanism and application value. In the operation process of big production enterprise supply chain, because of the information's asymmetry, the fraud problem will produce among the business subjects; blockchain is a decentralized distributed accounting and data storage technology, and with blockchain technology, we can resolve the business subjects' fraud problem and can provide more accurate decision information basis for each business section, and realize group decision. This paper has described the system structure and intelligent contract operation mechanism under consensus authentication of blockchain applying in big production enterprise supply chain and analyzed by the case. In view of the limitation of classical blockchain technology applying in big production enterprise supply chain, we constructed the corresponding blockchain data storage mechanism and data access mechanism. Analyzed the economic value of this paper researching from the aspects of response speed, supply accuracy, cooperation integrity, business interaction economic cost, supply quality, and supply price. This paper research will provide ideas and model structure for developing supply chain area's blockchain system and will promote the application research development of blockchain in specific area.