Smart Contracts for Global Sourcing Arrangements

Jos van Hillegersberg; Jonas Hedman

doi:10.1007/978-3-030-66834-1_5

Smart Contracts for Global Sourcing Arrangements

Jos van Hillegersberg^*, Jonas Hedman

^*Corresponding author for this work

Department of Digitalization

University of Twente

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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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 language	English
Title of host publication	Digital Technologies for Global Sourcing of Services : Proceedings of the 14th International Workshop on Global Sourcing of Information Technology and Business Processes. Global Sourcing 2019
Editors	Ilan Oshri, Julia Kotlarsky, Leslie P. Willcocks
Number of pages	11
Place of Publication	Cham
Publisher	Springer
Publication date	2020
Pages	82-92
ISBN (Print)	9783030668334
ISBN (Electronic)	9783030668341
DOIs	https://doi.org/10.1007/978-3-030-66834-1_5
Publication status	Published - 2020
Event	14th International Workshop on Global Sourcing of Information Technology and Business Processes: Global Sourcing 2019 - Obergurg, Austria Duration: 18 Dec 2019 → 21 Dec 2019 Conference number: 14 http://www.globalsourcing.org.uk/workshop/

Workshop

Workshop	14th International Workshop on Global Sourcing of Information Technology and Business Processes
Number	14
Country/Territory	Austria
City	Obergurg
Period	18/12/2019 → 21/12/2019
Internet address	http://www.globalsourcing.org.uk/workshop/

Series	Lecture Notes in Business Information Processing
Volume	410
ISSN	1865-1348

Keywords

Global outsourcing
Contracts
E-Contracting
Smart contracts
Semantic standards
Cognitive technology

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Hillegersberg, J. V., & Hedman, J. (2020). Smart Contracts for Global Sourcing Arrangements. In I. Oshri, J. Kotlarsky, & L. P. Willcocks (Eds.), Digital Technologies for Global Sourcing of Services: Proceedings of the 14th International Workshop on Global Sourcing of Information Technology and Business Processes. Global Sourcing 2019 (pp. 82-92). Springer. https://doi.org/10.1007/978-3-030-66834-1_5

Hillegersberg, Jos van ; Hedman, Jonas. / Smart Contracts for Global Sourcing Arrangements. Digital Technologies for Global Sourcing of Services: Proceedings of the 14th International Workshop on Global Sourcing of Information Technology and Business Processes. Global Sourcing 2019. editor / Ilan Oshri ; Julia Kotlarsky ; Leslie P. Willcocks. Cham : Springer, 2020. pp. 82-92 (Lecture Notes in Business Information Processing, Vol. 410).

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title = "Smart Contracts for Global Sourcing Arrangements",

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.",

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Hillegersberg, JV & Hedman, J 2020, Smart Contracts for Global Sourcing Arrangements. in I Oshri, J Kotlarsky & LP Willcocks (eds), Digital Technologies for Global Sourcing of Services: Proceedings of the 14th International Workshop on Global Sourcing of Information Technology and Business Processes. Global Sourcing 2019. Springer, Cham , Lecture Notes in Business Information Processing, vol. 410, pp. 82-92, 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Obergurg, Austria, 18/12/2019. https://doi.org/10.1007/978-3-030-66834-1_5

Smart Contracts for Global Sourcing Arrangements. / Hillegersberg, Jos van; Hedman, Jonas.
Digital Technologies for Global Sourcing of Services: Proceedings of the 14th International Workshop on Global Sourcing of Information Technology and Business Processes. Global Sourcing 2019. ed. / Ilan Oshri; Julia Kotlarsky; Leslie P. Willcocks. Cham : Springer, 2020. p. 82-92 (Lecture Notes in Business Information Processing, Vol. 410).

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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AB - 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.

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Hillegersberg JV, Hedman J. Smart Contracts for Global Sourcing Arrangements. In Oshri I, Kotlarsky J, Willcocks LP, editors, Digital Technologies for Global Sourcing of Services: Proceedings of the 14th International Workshop on Global Sourcing of Information Technology and Business Processes. Global Sourcing 2019. Cham : Springer. 2020. p. 82-92. (Lecture Notes in Business Information Processing, Vol. 410). doi: 10.1007/978-3-030-66834-1_5