Abstract
Industry 5.0 integrates human-centered production systems with cyber-physical systems, the Internet of Things (IoT), and machine learning technologies to create flexible, efficient, and environmentally friendly manufacturing processes. Small and medium-sized enterprises (SMEs), despite their importance in the manufacturing sector, typically need more resources and skills to implement Industry 5.0 technology. This article presents a blockchain-based supplier collaboration network to support small and medium-sized enterprises migrating to Industry 5.0. Small suppliers, manufacturers, and other supply chain stakeholders can engage securely and transparently within the proposed framework. The underlying blockchain technology allows for secure, immutable storage and real-time data sharing and collaboration. The proposed approach uses smart contracts to automate cooperation procedures and integrates blockchain with emerging technologies like IoT and machine intelligence. Moreover, the underlying method can boost SMEs businesses’ competitiveness and market access. The proposed approach will therefore be of benefit to companies that have limited resources to build their own supply chain management systems. Finally, we discuss the challenges and limitations of the proposed system for implementing a blockchain-enabled supplier collaboration network for SMEs in Industry 5.0.
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Acknowledgements
This material is based upon work supported by: i) the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) under the Advanced Manufacturing Office Award Number DE-EE0007613. Disclaimer: This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States government nor any agency thereof, nor any of its employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness; ii) the National Science Foundation under Grant No. 2119654. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the National Science Foundation.
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Khan, P.W., Bareche, I., Wuest, T. (2023). Towards Industry 5.0: Empowering SMEs with Blockchain-Based Supplier Collaboration Network. In: Alfnes, E., Romsdal, A., Strandhagen, J.O., von Cieminski, G., Romero, D. (eds) Advances in Production Management Systems. Production Management Systems for Responsible Manufacturing, Service, and Logistics Futures. APMS 2023. IFIP Advances in Information and Communication Technology, vol 689. Springer, Cham. https://doi.org/10.1007/978-3-031-43662-8_52
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