Smart Contract System with Block-chain Capability for Improving Supply Chain Management

Abstract

This study delves into the integration of blockchain technology, specifically smart contracts, to revolutionize supply chain management. By leveraging smart contracts, the flow of products from farmers to consumers is securely recorded and verified on an immutable ledger, bolstering transparency and trust throughout the supply chain. Furthermore, the research addresses blockchain scalability challenges by proposing an adaptive algorithm to adjust gas fees based on network congestion, optimizing block confirmation times and transaction processing efficiency. A robust software architecture is outlined, emphasizing scalability to effectively handle large-scale supply chain operations. Through this interdisciplinary approach, the thesis aims to advance supply chain management practices by harnessing blockchain’s transformative capabilities, laying the groundwork for resilient and efficient supply chain ecosystems in the digital age.