IEEE 2418.7:2021

New IEEE Standard - Active.
This standard defines a baseline architectural framework and defines functional roles for blockchain-driven supply chain finance (SCF) implementations, e.g., core enterprise, supplier, bank, blockchain platform provider, and so on. The procedures of registration, asset issuance, asset transfer, financing based on asset on chain, asset clearing and settlement, and asset tracing, are explained. Finally, the technique requirement of the business system, and blockchain platform are discussed.

This standard defines a baseline architectural framework and defines functional roles for blockchain-driven supply chain finance (SCF) implementations based on the account payable, e.g., core enterprise, supplier, bank, blockchain platform provider and so on. In addition, this standard outlines use cases and business flows for SCF based on blockchain, and specifies the functional implementation and security requirements.
This standard provides a foundation for the blockchain implementation solutions within supply chain finance through which all traditional supply chain finance stakeholders especially small and medium enterprises can benefit from the transparent, efficient, accurate, decentralized, and secure architecture.