Smart Contracts for Supply Chain Security

Prior to COVID 19, the Department of Defense tracked $193 Million in Waste during a 5-month period, and the investigations that followed led to 140 convictions, 87 suspensions, and 99 debarments. The recent remote work and distance environment has led to a major increase and concern with Fraud, Waste, and Abuse. The Air Force is committed to developing a supply chain integrity software application to ensure the Air Force has a way to monitor visibility without adding additional vendor requirements which drive up cost. Supply chain transparency and accountability become paramount to the US Air Force as systems become more complex and technical. Constellation Software Engineering (CSEngineering) has already developed Smart Contracts to solve this problem using distributed ledger technology. Our Smart Contracts trace a contract recipient’s supply chain history, increasing transparency along the path of federal funds to make reporting easier for all parties, including contracting officers and DoD auditors.