Feeding Smart Contract Legal Requirements with Semantic and Event Detection Logic Structures from Modern Service-Oriented Supply Chains

Abstract

This chapter investigates the broad range of real-world applications of smart contracts and relevant rules associated with them by examining the requirements coming from supply chain management and the current technical landscape. Issues such as copyright protection, product delivery etc., have been enforced through various technological means. However, more dynamic means are now needed. The modern supply chain is a complex network of suppliers and creators and it has become increasingly difficult to control and track abnormal conditions occurring during manufacturing, delivery, sale, and management. This chapter will use the AffectUs:TagItSmart semantic and event detection framework as a use case example to demonstrate how the aforementioned concepts could be implemented with relevant pseudo-code that can be used as triggering logic or core rules in potential smart contracts for supply chains. The transformation of these rules and use of semantics will provide a more effective and multi-layered end-to-end supply chain solution that can aid in the integration with a smart contract rationale.