Design and Implementation of Blockchain Based Approach for IoT Enabled RPA in Supply Chain Management
Keywords:
Blockchain, Technology, IOT, RPA, Supply, Chain, ManagementAbstract
In recent times, various sectors of the corporate realm have undergone significant transformations due to the emergence of the Internet of Things (IoT) and the fourth industrial revolution. Efficiency is a shared duty for both individuals and businesses. Rogue operators pose a significant threat to the security and privacy of supply chains through various malicious activities such as falsification, privacy breaches, node impersonation, and fraudulent financial transactions. In order to establish a secure supply chain for any industry, numerous inventive techniques have been suggested, encompassing financial strategies and systems based on trust. On the other hand, trust mechanisms are fragile and susceptible to attacks such as Sybil and whitewashing. However, trusted centres play a crucial role in monetary systems, yet they are vulnerable to both attacks and the potential compromise of users' privacy for financial benefit. Blockchain technology provides a distinctive platform that enables distributed networks to carry out secure financial transactions without depending on trusted intermediaries. The goal is achieved by the integration of an immutable ledger, a digital form of currency, and the execution of intelligent contracts.
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