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IEEE 2418.7-2021

IEEE Standard for the Use of Blockchain in Supply Chain Finance
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IEEE 2418.7-2021

IEEE Standard for the Use of Blockchain in Supply Chain Finance

PUBLISH DATE 2021
PAGES 25
Document Preview
New IEEE Standard - Active. This standard defines a baseline architectural framework and defines functional roles for blockchain-driven supply chain finance (SCF) implementations, e.g., core enterprise, supplier, bank, blockchain platform provider, and so on. The procedures of registration, asset issuance, asset transfer, financing based on asset on chain, asset clearing and settlement, and asset tracing, are explained. Finally, the technique requirement of the business system, and blockchain platform are discussed.
This standard defines a baseline architectural framework and defines functional roles for blockchain-driven supply chain finance (SCF) implementations based on the account payable, e.g., core enterprise, supplier, bank, blockchain platform provider and so on. In addition, this standard outlines use cases and business flows for SCF based on blockchain, and specifies the functional implementation and security requirements.
This standard provides a foundation for the blockchain implementation solutions within supply chain finance through which all traditional supply chain finance stakeholders especially small and medium enterprises can benefit from the transparent, efficient, accurate, decentralized, and secure architecture.
SDO IEEE: Institute of Electrical and Electronics Engineers
Document Number 2418.7
Publication Date Oct. 28, 2021
Language en - English
Page Count 25
Revision Level
Supercedes
Committee Blockchain and Distributed Ledgers
Publish Date Document Id Type View
Oct. 28, 2021 2418.7-2021 Revision