Privacy Preserved Transparent Supply Chain Management Using Cloud with Secured Smart Contracts

Abstract

The conventional paradigm in various industries, especially the agricultural sector, heavily relies on smart contracts for intricate transactions involving farmers, Village Cooperative units, distributors, and consumers. However, the current approach utilizes traditional transaction methods with intermediaries, leading to inefficiencies and potential security risks. Transparency and privacy issues persist in these transactions, exacerbated by delays and vulnerabilities introduced by intermediaries. In our innovative approach, present a novel system that leverages smart contracts as digitally signed cryptographic agreements, eliminating the necessity for intermediaries. Blockchain technology is harnessed to ensure transparent and secure data transactions, thereby elevating the efficiency of smart contracts. The system introduces decentralized data sharing, facilitating seamless tracking of supply chain activities. Specific agricultural transactions with Cooperatives serve as intermediaries our proposed system utilizes smart contracts as digital signatures to authorize transactions. Meticulous logging of activities ensures a traceable record of transaction origins. In our proposed system marks a paradigm shift in supply chain management by seamlessly integrating smart contracts and Blockchain technology. The transition from the existing system promises to revolutionize agricultural transactions, offering heightened transparency, security, and efficiency, thereby reshaping the landscape of supply chain management.