Analyzing the Pros and Cons of Blockchain in Logistics and Demonstrating a System
This project aims to thoroughly analyze the advantages and disadvantages of implementing blockchain technology in supply chain management. Moreover, it seeks to develop a decentralized blockchain solution specifically designed for recording and managing crucial product information across the entire supply chain.
Suppliers initialize a product using smart contract on the network. The product object is created with essential details such as supplier name, address, auto-generated date, product ID, and other relevant information.
When product is shipped to a logistics company or other intermediaries, the ownership of the product is transferred to the receiver such that the receiver can append a record to the product object.
When the retailer receives the product, they add a record. This could include the date of receipt, quality check results, and any other relevant information.
Users have the ability to retrieve data from the blockchain and display it on the front-end at any given time. They can access a list of products that have been recorded on the blockchain and examine them in detail.
