Smart Contracts for Global Sourcing Arrangements

Jos van Hillegersberg; Jonas Hedman

doi:10.1007/978-3-030-66834-1_5

Smart Contracts for Global Sourcing Arrangements

Jos van Hillegersberg^*, Jonas Hedman

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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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.

Original language	English
Title of host publication	Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings
Editors	Ilan Oshri, Julia Kotlarsky, Leslie P. Willcocks
Publisher	Springer
Pages	82-92
Number of pages	11
ISBN (Print)	9783030668334
DOIs	https://doi.org/10.1007/978-3-030-66834-1_5
Publication status	Published - 10 Jan 2021
Event	14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019 - Obergurgl, Austria Duration: 18 Dec 2019 → 21 Dec 2019 Conference number: 14

Publication series

Name	Lecture Notes in Business Information Processing
Volume	410
ISSN (Print)	1865-1348
ISSN (Electronic)	1865-1356

Conference

Conference	14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019
Country/Territory	Austria
City	Obergurgl
Period	18/12/19 → 21/12/19

Keywords

Cognitive technology
Contracts
E-Contracting
Global outsourcing
Semantic standards
Smart contracts
22/3 OA procedure

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10.1007/978-3-030-66834-1_5

Van-hillegersberg-2020-Smart-contracts-for-global-sourcingFinal published version, 179 KBLicence: Taverne

Cite this

van Hillegersberg, J., & Hedman, J. (2021). Smart Contracts for Global Sourcing Arrangements. In I. Oshri, J. Kotlarsky, & L. P. Willcocks (Eds.), Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings (pp. 82-92). (Lecture Notes in Business Information Processing; Vol. 410). Springer. https://doi.org/10.1007/978-3-030-66834-1_5

van Hillegersberg, Jos ; Hedman, Jonas. / Smart Contracts for Global Sourcing Arrangements. Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings. editor / Ilan Oshri ; Julia Kotlarsky ; Leslie P. Willcocks. Springer, 2021. pp. 82-92 (Lecture Notes in Business Information Processing).

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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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van Hillegersberg, J & Hedman, J 2021, Smart Contracts for Global Sourcing Arrangements. in I Oshri, J Kotlarsky & LP Willcocks (eds), Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings. Lecture Notes in Business Information Processing, vol. 410, Springer, pp. 82-92, 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Obergurgl, Austria, 18/12/19. https://doi.org/10.1007/978-3-030-66834-1_5

Smart Contracts for Global Sourcing Arrangements. / van Hillegersberg, Jos; Hedman, Jonas.
Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings. ed. / Ilan Oshri; Julia Kotlarsky; Leslie P. Willcocks. Springer, 2021. p. 82-92 (Lecture Notes in Business Information Processing; Vol. 410).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AB - 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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van Hillegersberg J, Hedman J. Smart Contracts for Global Sourcing Arrangements. In Oshri I, Kotlarsky J, Willcocks LP, editors, Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings. Springer. 2021. p. 82-92. (Lecture Notes in Business Information Processing). doi: 10.1007/978-3-030-66834-1_5

Smart Contracts for Global Sourcing Arrangements

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