IoT Supply Chain Management using Customized Blockchain Implementation
Keywords:
Hash generation, Smart Contract, Consensus, IoT, Supply Shain, Proof-of-Work, Proof-of-StakeAbstract
The combination of blockchain technology with the Internet of Things (IoT) has opened up new possibilities for supply chain management, disrupting several sectors in the process. Conventional supply chain systems often face difficulties with privacy, security, and data integrity. On the other hand, the decentralized and tamper-proof characteristics of blockchain provide a safe, verifiable, and easily understood documentation of product movement across the supply chain. By using the unchangeable characteristics of blockchain, the system improves the capacity to track products, verify their validity, and ensure responsibility, all while greatly decreasing operating expenses. IoT devices are susceptible to attack owing to their limited computing power, storage capacity, and other factors. The integration of blockchain and IoT offers a solution to the challenges encountered by many businesses. Blockchains and smart contracts have garnered significant interest in the field of technology. Blockchain integration effectively overcomes these deficiencies by offering strong data security and integrity, hence reducing the likelihood of illegal access or modification. This study introduces a system that enables industrialists to access agricultural data and provide farmers with information on crop availability. The provided method represents a major advancement in the exchange of agricultural information, contributing to a more efficient and secure future as sectors increasingly adopt digitalization and networking. This solution will efficiently facilitate supply chain management for reliable delivery.
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