Smart Contracts for Global Sourcing Arrangements

Jos van Hillegersberg, Jonas Hedman

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

While global sourcing arrangements are highly complex and usually represent large value to the partners, little is known of the use of e-contracts or smart contracts and contract management systems to enhance the contract management process. In this paper we assess the potential of emerging technologies for global sourcing. We review current sourcing contract issues and evaluate three technologies that have been applied to enhance contracting processes. These are (1) semantic standardisation, (2) cognitive technologies and (3) smart contracts and blockchain. We discuss that each of these seem to have their merit for contract management and potentially can contribute to contract management in more complex and dynamic sourcing arrangements. The combination and configuration in which these three technologies will provide value to sourcing should be on the agenda for future research in sourcing contract management.
Original languageEnglish
Publication date2019
Number of pages15
Publication statusPublished - 2019
Event14th Global Sourcing Workshop - Universitätszentrum Obergurgl, Obergurgl, Austria
Duration: 18 Dec 201921 Dec 2019
Conference number: 14
http://www.globalsourcing.org.uk/workshop/

Conference

Conference14th Global Sourcing Workshop
Number14
LocationUniversitätszentrum Obergurgl
CountryAustria
CityObergurgl
Period18/12/201921/12/2019
Internet address

Bibliographical note

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Keywords

  • Global outsourcing
  • Contracts
  • E-contracting
  • Smart contracts
  • Semantic standards
  • Cognitive technology

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