Advanced Blockchain-Based Smart Contracts for Optimized and Transparent Supply Chain Management in MIS

Abstract

The quick globalization of supply chain management (SCM) has resulted in increasingly complicated networks, and there is a need for transparency, efficiency, and security advancements. This research proposes an innovative framework that addresses these challenges and integrates blockchain-powered smart contracts, IoT-enabled real-time data tracking, and a robust Management Information System (MIS) dashboard. Developed on Ethereum’s decentralized architecture, this model provides a transparent and efficient environment for stakeholders and automates essential processes, including payment triggers, compliance with quality criteria and logistics support. Advanced features like demand-supply smoothing algorithms, blockchain-anchored robotic process automation (RPA), AI-driven risk analysis, digital twin systems, and multi-layer privacy protection further enhance the framework. IoT sensors also enable monitoring sustainability in real-time, while gamification and blockchain oracles guarantee stakeholder participation and dynamic optimization. The presented method addresses the main issues with SCM by reducing fraud, enhancing operational timeliness, providing regulatory compliance, sophisticated IoT-AI synergies and leveraging Layer2 solutions for scalability. This research highlights the transformative possibility of blockchain smart contracts in revolutionizing SCM by creating a secure, transparent, and sustainable supply chain ecosystem.