Implementation of the Ethereum Blockchain for Supply Chain Management

Abstract

This research looks at unique identity systems in supply chain management and how self-sovereign identities foster trust among the issuer, entity, and verifier. The article investigates blockchain technology in supply chain systems. According to recent research, blockchain applications may increase transparency, traceability, and efficiency in manufacturing and distribution. To increase privacy and transparency in end-to-end monitoring, the research advises incorporating self-sovereign identity into the supply chain. The study examines blockchain performance, including transaction and read throughput, latency, and resource utilization, using a hyperledger caliper to analyze supply chain performance. The research finishes with supply chain management issues. It is challenging to manage product and process integrity in a multi-stakeholder supply chain. Many current solutions suffer from data fragmentation, uneven provenance, and differing protocol limitations between distributions and processes. Blockchain is a pioneering technology that allows secure traceability and control, immutability, and stakeholder trust at a low cost. Blockchain use is increasing in many sectors, but supply chains confront substantial challenges in implementing it. This is the first report to look at blockchain-enabled supply chain concerns and prospects. We look at supply chain digitalization as well as GS1 standards and technologies. Compile a list of blockchain-enabled supply chain use cases and businesses. The technical and non-technical impediments to blockchain adoption for supply chain applications are investigated, as well as the applicability of consensus algorithms. Diagrams and assessments of blockchain ecosystem technology and tools Some critical future research areas are also suggested in order to achieve widespread blockchain-based supply chain traceability adoption. Finally, we introduce MOHBS Chain, a novel supply chain architecture powered by blockchain