Smart Contracts for Global Sourcing Arrangements

Jos van Hillegersberg*, Jonas Hedman

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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 languageEnglish
Title of host publicationDigital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings
EditorsIlan Oshri, Julia Kotlarsky, Leslie P. Willcocks
PublisherSpringer Science + Business Media
Pages82-92
Number of pages11
ISBN (Print)9783030668334
DOIs
Publication statusPublished - 10 Jan 2020
Event14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019 - Obergurgl, Austria
Duration: 18 Dec 201921 Dec 2019
Conference number: 14

Publication series

NameLecture Notes in Business Information Processing
Volume410
ISSN (Print)1865-1348
ISSN (Electronic)1865-1356

Conference

Conference14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019
Country/TerritoryAustria
CityObergurgl
Period18/12/1921/12/19

Keywords

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

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