Review Article

A Review of Smart Contracts Applications in Various Industries: A Procurement Perspective

Table 7

Potential advantages of smart contracts in the procurement process.

Potential impact areasPapers

Supplier management
Supplier selection
Bidding
Relationship management
[34, 36, 49, 79, 91, 95, 129, 135, 166, 184]
Contract management
Negotiation
Documentation sharing
Payment
Audit
[11, 21, 23, 3234, 36, 40, 41, 44, 45, 47, 5052, 56, 60, 61, 65, 70, 73, 75, 79, 84, 85, 87, 88, 9294, 98, 100, 106, 108, 112, 113, 115, 118, 129, 136138, 143, 145, 149, 154, 155, 160, 172, 174, 175, 181, 184, 186, 187]
Logistics management
Time and material conditions
Monitoring
Logistics information
Goods receipts and storage
[6, 24, 33, 55, 88, 103, 105, 114, 116, 117, 119121, 128, 129, 148, 151, 156, 163, 178, 180, 181, 185, 189]