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Dual Token Blockchain Economy Framework

The Garment Use Case

  • Conference paper
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Blockchain – ICBC 2019 (ICBC 2019)

Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 11521))

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Abstract

Over the last few years, the introduction of blockchain technology has brought forth a new set of challenges concerning blockchain token economics and its underlying business needs. Many Initial Coin Offerings (ICOs) have focused on a single token that facilitated the initial project funding but complicated the actual implementation.

Business arrangements can be complex and result in disputes between even the most well-intentioned parties. Supply chain transparency requires careful modeling of a specific implementation of the blockchain technology to correctly capture it.

In this paper, we propose a dual token model that takes into consideration both the financial aspect and the non-fungible nature of complex, real-world industries. Furthermore, we demonstrate the efficacy of our model to accommodate the stages hidden under the umbrella term “supply chain transparency” as it comes to the costing involved in producing the firm’s products internal supply chain transparency. We show how this approach increases not only the transparency of the manufacturing process but also the profit and transparency for external stakeholders.

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Author information

Authors and Affiliations

  1. Textile Engineering Department, Faculty of Engineering, Alexandria University, Alexandria, Egypt

    Magdi ElMessiry

  2. Garment Chain, Nashville, TN, USA

    Adel ElMessiry

  3. Vanderbilt, Nashville, TN, USA

    Malak ElMessiry

Authors
  1. Magdi ElMessiry
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  2. Adel ElMessiry
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  3. Malak ElMessiry
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Corresponding author

Correspondence to Adel ElMessiry .

Editor information

Editors and Affiliations

  1. University of Pittsburgh, Pittsburgh, PA, USA

    James Joshi

  2. CSIRO Data61, Sydney, NSW, Australia

    Surya Nepal

  3. IBM Research – Thomas J. Watson Research Center, Yorktown Heights, NY, USA

    Qi Zhang

  4. Kingdee International Software Group Co., Ltd., Shenzhen, China

    Liang-Jie Zhang

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ElMessiry, M., ElMessiry, A., ElMessiry, M. (2019). Dual Token Blockchain Economy Framework. In: Joshi, J., Nepal, S., Zhang, Q., Zhang, LJ. (eds) Blockchain – ICBC 2019. ICBC 2019. Lecture Notes in Computer Science(), vol 11521. Springer, Cham. https://doi.org/10.1007/978-3-030-23404-1_11

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  • DOI: https://doi.org/10.1007/978-3-030-23404-1_11

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-23403-4

  • Online ISBN: 978-3-030-23404-1

  • eBook Packages: Computer ScienceComputer Science (R0)

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