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Smart Contracts for Global Sourcing Arrangements

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Digital Technologies for Global Sourcing of Services (Global Sourcing 2019)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 410))

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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.

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Author information

Authors and Affiliations

  1. Faculty of Behavioral, Management and Social Sciences, Industrial Engineering and Business Information Systems, University of Twente, P.O. Box 217, 7500 AE, Enschede, The Netherlands

    Jos van Hillegersberg

  2. Department of Digitalization, Copenhagen Business School, Howitzvej 60, 2000, Frederiksberg, Denmark

    Jonas Hedman

Authors
  1. Jos van Hillegersberg
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  2. Jonas Hedman
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Corresponding author

Correspondence to Jos van Hillegersberg .

Editor information

Editors and Affiliations

  1. The University of Auckland, Auckland, New Zealand

    Ilan Oshri

  2. The University of Auckland, Auckland, New Zealand

    Julia Kotlarsky

  3. London School of Economics, London, UK

    Leslie P. Willcocks

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van Hillegersberg, J., Hedman, J. (2020). Smart Contracts for Global Sourcing Arrangements. In: Oshri, I., Kotlarsky, J., Willcocks, L.P. (eds) Digital Technologies for Global Sourcing of Services. Global Sourcing 2019. Lecture Notes in Business Information Processing, vol 410. Springer, Cham. https://doi.org/10.1007/978-3-030-66834-1_5

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  • DOI: https://doi.org/10.1007/978-3-030-66834-1_5

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-66833-4

  • Online ISBN: 978-3-030-66834-1

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