Blockchain Based Monitoring on Trustless Supply Chain Processes

Abstract

Current trends in global business and enterprise typically force companies that create, distribute and sell products to employ long and diverse supply chain networks. While delivering value, these networks also have several challenges: tracking orders, receipts, and payments while tracking digital assets. This paper presents a decentralized blockchain-based traceability solution that provides secure and transparent transactions between parties in the supply chain. We design smart contracts for authenticating the agreement between multiple parties and traceability of the supply chain. Furthermore, We design a session generation scheme for authentication of the parties. The proposed design achieved user data integrity, secure key agreement, immutability, transaction traceability, and provide secure auditing. Our results show that the proposed smart contract and the session-based scheme have high scalability and performance in latency time and response time.