Authors: Dr.B.Balaji Srinivasan
Abstract: Among the various problems that have persisted in global supply chains include data silos, information asymmetry, and vulnerability to fraud. In this paper, a blockchain-based intelligent management of the supply chain model has been suggested, involving distributed ledger technology, smart contracts, and Internet of Things for real-time tracking. The model features a four-tiered architecture consisting of data ingestion, blockchain network, smart contract automation, and application tiers. Tasks that include registering stakeholders, verifying the authenticity of the goods, transferring ownership, and verifying compliance can be automated through smart contracts. The solution offers the ability to process up to 200 transactions per second with an 18% reduction in gas costs as opposed to conventional solutions. Trace back time reduces from 95 seconds to 8 seconds, and the consumer trust index grows by 70%.
DOI: http://doi.org/10.5281/zenodo.21337945
