AN END-TO-END ETHEREUM EMPOWERED SUPPLY CHAIN MANAGEMENT IN INDUSTRY

Abstract

Manufacturing raw materials to get products to consumers in traditional supply chain systems is a manual process with inadequate data and transaction security.In addition, the entire procedure becomes cumbersome as it is time consuming.Overall, undivided processes are inefficient and unreliable for consumers.When blockchain and smart contract technology are integrated with traditional supply chain management system, data security, reliability, time management and transaction process will be greatly improved.Blockchain is a revolutionary decentralized technology that protects data from unauthorized access.Once smart contracts are implemented, the entire supply chain management (SCM) becomes consumer happy.Involvement of intermediaries thus increases the credibility of the plan.The tags used in his traditional SCM process are expensive and offer limited functionality.Therefore, it is difficult for SCM systems to maintain product confidentiality and accountability.It is also a common target for wireless attacks (reply attacks, eavesdropping, etc.).In SCM, the term product confidentiality is very important.This means that only verified persons can access the information.The purpose of this document is to provide an overview of the use of blockchain technology in the supply chain sector.While this technology is often associated with cryptocurrencies, it also shows promise in non-financial applications such as the supply chain, energy and food industries.Blockchain can provide a permanent, shareable and verifiable record of products across the supply chain, improving product traceability, authenticity and legality in a more cost-effective manner.An example of a micro factory proposal using blockchain technology was introduced.