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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM38659
Volume:
8 |
11 |
Nov 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
In today’s global economy, effective supply chain management is essential for product transparency, traceability, and security. Traditional products often rely on centralized data, which leads to drawbacks such as errors, fraud, and inefficiency. This project offers an on-chain solution using Ethereum smart contracts to overcome these challenges. Using blockchain technology, our system records all transactions of products in an immutable ledger, increasing accountability and transparency of the owners without the need for an intermediary. Unlike existing platforms that incur high operating costs, our solutions are designed to be lightweight and flexible, suitable for use by small and medium-sized businesses (SMEs). The approach includes the creation of smart contracts, real-time data integration via QR codes, and rigorous testing to ensure the accuracy and usability of the system. Conceptually, our approach is designed to improve product quality, reduce the risk of fraud, and ensure compliance with business regulations. Finally, the project aims to redefine supply chain management by leveraging blockchain technology to create a more secure, efficient and reliable system that will benefit all stakeholders. This innovation not only addresses current limitations but also paves the way for increased use of blockchain solutions in the supply chain environment.
KEYWORDS
Publication Date
11/13/2024
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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No funding information available for this research.
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