A blockchain-based decision system for implementing traceability in a multiple sourcing strategy

Abstract

Ensuring traceability in the upstream supply chain management can be challenging, particularly, when it comes to determining the optimal quantity to be sourced from each supplier in a multiple-sourcing strategy. This paper presents a novel blockchain-based decision system (BBDS) for implementing traceability in a multiple-sourcing strategy. The proposed BBDS is based on a distributed architecture that ensures the transparent sharing of data among different parties. The system utilises a special currency and nodes for permission verification and information requests including the upstream supply chain enterprises. The deployment of the BBDS requires the development of a decision system and a smart contract using a dedicated programming language. The results of this research demonstrate the potential of the BBDS to improve the traceability and decision-making process in a multiple-sourcing strategy. We conclude by discussing the limitations and potential future developments of our proposed system.