Real-Time Supply Chain Monitoring with Blockchain: A Decentralized Approach

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Year : 2024 | Volume :14 | Issue : 03 | Page : –
By
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Neha Niharika,

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Smita Dash,

  1. M Tech, Department of Electronics & Communication Engineering, RVS College of Engineering and Technology (RVSCET), Jamshedpur, Jharkhand, India
  2. Assistant Professor, Department of Computer Science, RVS College of Engineering and Technology (RVSCET), Jamshedpur, Jharkhand, India

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This study presents the development and implementation of a Blockchain-Enhanced Shipment Management and Tracking System (SMTS) to address key challenges in the logistics and shipping industry, such as inefficiencies, lack of transparency, security concerns, and high operational costs. Utilizing blockchain technology, particularly Hyperledger Fabric, the SMTS creates a decentralized, immutable ledger that enhances real-time shipment tracking, ensures data integrity, and improves security by reducing fraud and unauthorized tampering. Smart contracts automate processes such as shipment status updates, compliance checks, and payments, significantly improving operational efficiency and reducing reliance on intermediaries. The system is designed to seamlessly integrate with existing ERP and Supply Chain Management (SCM) systems, providing an advanced platform for real-time decision-making and predictive analytics through AI integration. Key features include enhanced customer experience, increased transparency, reduced paperwork, and streamlined operations. The architecture also ensures scalability, regulatory compliance, and a user-friendly interface accessible to various stakeholders, including consumers, logistics providers, and sellers. This innovative system demonstrates how blockchain technology, combined with AI-driven insights, can revolutionize global logistics by improving efficiency, security, and transparency.

Keywords: Blockchain, Hyperledger Fabric, shipment tracking, logistics, smart contracts, transparency, real-time tracking, decentralized ledger, artificial intelligence, cryptographic security, automation

[This article belongs to Trends in Electrical Engineering (tee)]

How to cite this article:
Neha Niharika, Smita Dash. Real-Time Supply Chain Monitoring with Blockchain: A Decentralized Approach. Trends in Electrical Engineering. 2024; 14(03):-.
How to cite this URL:
Neha Niharika, Smita Dash. Real-Time Supply Chain Monitoring with Blockchain: A Decentralized Approach. Trends in Electrical Engineering. 2024; 14(03):-. Available from: https://journals.stmjournals.com/tee/article=2024/view=0

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Regular Issue Subscription Review Article
Volume 14
Issue 03
Received 16/10/2024
Accepted 12/12/2024
Published 19/12/2024
409