Supply Chain Optimization in Cement Industry Using Blockchain Technology

Abstract

The ubiquitous use of Internet of Things devices in supply chain management has facilitated manufacturers and other stakeholders to monitor various aspects of the product or shipment. However, conventional solutions have numerous challenges ranging from data integrity, product provenance, and trust issues to scalability problems. This research demonstrates how scalability and provenance of cement bags can be ensured through a combination of blockchain technology and the Internet of Things devices. The distributed ledger securely records each step, from acquiring raw materials to delivering the finished product. The inherent transparency of blockchain technology promotes confidence among all the stakeholders in the supply chain and makes it easier to comply with legal requirements. The security and performance analysis determines that the proposed solution is secure and efficient with minimal performance overheads.