Secure and Transparent Supply Chain Management using Blockchain and IoT
Yassir Farooqui, Swpanil M. Parikh
Abstract
Blockchain technology has emerged as a disruptive force across various industries, and its integration with the Internet of Things (IoT) has unlocked new avenues for supply chain management. The conventional supply chain systems often encounter challenges related to privacy, security, and data integrity. In contrast, blockchain's decentralized and tamper-proof nature ensures a secure, auditable, and transparent record of product movement within the supply chain. By leveraging the immutable properties of blockchain, the system enhances product traceability, authenticity, and accountability while significantly reducing operational costs. IoT devices are vulnerable to attack as due to low processing power, storage limitations etc. Blockchain integrated with IoT provides a solution faced by the several industries. Blockchains and smart contracts are technology that has gained massive attention. The integration of blockchain addresses these shortcomings by providing robust data security and integrity, minimizing the risk of unauthorized access or alteration. This paper presents a system that helps the industrialist to have an access to agricultural data and supply of crops data to farmer. As industries continue to embrace digitization and connectivity, the presented system offers a significant step towards a more streamlined and secure future for agricultural information sharing. This system will be effective for the supply chain management for the trusted delivery.