An Efficient Supply Chain Architecture Based on Blockchain for High-value Commodities

Abstract

The blockchain is the innovative technology in recent year. It brings a revolution to both industrial and academic area. In fact, it is a distributed storage system based on cryptography and consensus algorithms. Currently, many applications have been implemented in finance, agriculture, payment, and medicine area. We proposed a platform called High-value Commodities as a Service (HCS) to combine blockchain and high-value assets together. Traditionally, real estates, jewelry and artworks are main luxuries word-widely. We provide a sound and reliable environment for those investors to trade. Due to characteristics of the blockchain, users on our platform can track the source for each item. And all private data would be pushed on chains which can avoid some privacy-related problems.