Advanced Ledger: Supply Chain Management with Contribution Trails and Fair Reward Distribution
Author
Abstract

We have several issues in most current supply chain management systems. Consumers want to spend money on environmentally friendly products, but they are seldomly informed of the environmental contributions of the suppliers. Meanwhile, each supplier seeks to recover the costs for the environmental contributions to re-invest them into further contributions. Instead, in most current supply chains, the reward for each supplier is not clearly defined and fairly distributed. To address these issues, we propose a supply-chain contribution management platform for fair reward distribution called ‘Advanced Ledger.’ This platform records suppliers' environ-mental contribution trails, receives rewards from consumers in exchange for trail-backed fungible tokens, and fairly distributes the rewards to each supplier based on the contribution trails. In this paper, we overview the architecture of Advanced Ledger and 11 technical features, including decentralized autonomous organization (DAO) based contribution verification, contribution concealment, negative-valued tokens, fair reward distribution, atomic rewarding, and layer-2 rewarding. We then study the requirements and candidates of the smart contract platforms for implementing Advanced Ledger. Finally, we introduce a use case called ‘ESG token’ built on the Advanced Ledger architecture.

Year of Publication
2022
Conference Name
2022 IEEE International Conference on Blockchain (Blockchain)
Google Scholar | BibTeX