An Organizational Modeling for Developing Smart Contracts on Blockchain-based Supply Chain Finance Systems

Abstract

Managing smart contracts in an Agile software development based on blockchain technology enables project managers to offer rules for software processes to meet the needs and expectations of stakeholders. On the one hand, smart contracts’ faster cycle time, lower fraud, and lower fees and charges have ensured that the business logic satisfies the stakeholder’s criteria. Agile approaches, on the other hand, are development processes that use incremental and iterative engineering methodologies to drive the system life cycle. Such methodologies are typically well-suited for incorporating and adapting management ideas early in the development life cycle. To reconcile both viewpoints, this work provides an organization modeling for constructing smart contracts on the blockchain utilizing organizational modeling techniques that allow all processes as well as the smart contracts management discipline in supply chain finance system development to be illustrated.