Supply chain using smart contract: a blockchain enabled model with traceability and ownership management

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Abstract

The concept of openness and decentralization is one which people have desired since years. Everyone wants transactional data to be transparent. When sensitive data are on the hand of third-parties, it may be susceptible to frauds and misuse. The advent of blockchain, a decentralized technology in cryptocurrency, has revealed an appropriate solution to address such issues. Blockchain maintains the integrity of a transaction. It not only secures from tempering and fraud but also ensures transactions are verifiable without involvement of an intermediate. Therefore Blockchain is starting to be applied to different decentralized domains that require trusted computing. Supply chain is one of these domains, that can benefit from trustworthy decentralized transactions initiated by multiple stakeholders. This paper presents a general model for a blokchain enabled supply chain. We have implemented this model using three smart contract on an Ethereum platform. We provide evidence of our Verification and validation efforts. Our results convey the feasibility of the approach, which is capable of streamlining the administrative processes, and automatize the transactions making the system more efficient and transparent.
Original languageEnglish
Title of host publication2019 9th International Conference on Cloud Computing, Data Science & Engineering (Confluence)
PublisherIEEE
Pages538-544
Number of pages7
ISBN (Electronic)9781538659335
DOIs
Publication statusPublished - 29 Jul 2019
Event9th International Conference on Cloud Computing, Data Science & Engineering - Amity University, Noida, Uttar Pradesh, India
Duration: 10 Jan 201911 Jan 2019
http://www.amity.edu/aset/confluence2019/

Conference

Conference9th International Conference on Cloud Computing, Data Science & Engineering
Abbreviated titleConfluence 2019
CountryIndia
CityNoida, Uttar Pradesh
Period10/01/1911/01/19
Internet address

Keywords

  • Supply chain management
  • Blockchain
  • Cryptocurrencies
  • Smart contracts

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    Koirala, R. C., Dahal, K., & Matalonga, S. (2019). Supply chain using smart contract: a blockchain enabled model with traceability and ownership management. In 2019 9th International Conference on Cloud Computing, Data Science & Engineering (Confluence) (pp. 538-544). IEEE. https://doi.org/10.1109/CONFLUENCE.2019.8776900