REQUIREMENTS FOR BLOCKCHAIN APPLICATIONS IN MANUFACTURING SMALL AND MEDIUM SIZED ENTERPRISES

C. Lehmann, C. Schock, T. H.-J. Uhlemann, T. Küfner

Abstract


Blockchain technology is rising towards the peak of inflated expectations according to Gartner's 2016 Hype Cycle for Emerging Technologies. A public ledger that enables low cost, near real-time, secure and timestamped transactions in a peer-to-peer network of participants without the need for a trusted third party offers great potentials for networks of cooperating companies of the manufacturing industry. Therefore, in this paper presents a definition and recent developments of the blockchain technology as well as evaluates existing applications with respect to the suitability for manufacturing companies. Furthermore, requirements for implementation of applications in manufacturing SMEs are derived to support the advancing digitization of industries.

Keywords


Blockchain, digitization, operations strategy, manufacturing networks


DOI
10.12783/dtetr/icpr2017/17601

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