Enhancing Supply Chain Visibility and Responsiveness with Blockchain Technology and Feedback Loops
Author(s):
Anjali Gawali, Ankit Patil, Nisha Kadam, Deepin Shelke, Gade N.B
Keywords:
Block Chain, Smart Contract, Distributed Ledger, Ethereum Blockchain
Abstract
Supply chains are highly complex networks and continuously evolving with the advancement in every field and becoming an important source of potential benefit for the modern world. The growing number of food safety problems or issues and contamination risks has established the need for a management system that could provide high traceability. Today’s Agri-supply chains involve various in-between stakeholders making the process more inefficient. Our proposed solution eliminates the need for a between stakeholders and centralized systems. The blockchain helps to keep track of the complete chain with the help of distributed ledger. Each transaction that is carried out, the quality of food, and the time required to reach its destination is saved. Supply chain management carries out all the processes from raw material to the final product. Although the blockchain food supply chain provides immutability of data and records in the network. In the proposed system, all transactions are written to blockchain which ultimately up-loads the data to the Storage System, along with the feedback system. The storage system returns a hash of the data which is stored on the blockchain and ensures an efficient, secure, and reliable solution. Our system provides smart contracts and their algorithms to show the interaction of entities in the system
Article Details
Unique Paper ID: 158788

Publication Volume & Issue: Volume 9, Issue 10

Page(s): 680 - 683
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