Blockchain Based Next Generation Logistics Smart Contract Management System

Logistics management is the part of supply chain management which is efficient and effectiveLogistics management is the part of supply chain management which is efficient and effective.There are many issues in logistics supply chain management system. Poor visibility, limited information sharing, co

Project Title

Blockchain Based Next Generation Logistics Smart Contract Management System

Project Area of Specialization

Blockchain

Project Summary

Logistics management is the part of supply chain management which is efficient and effectiveLogistics management is the part of supply chain management which is efficient and effective.There are many issues in logistics supply chain management system. Poor visibility, limited information sharing, corruption, red tape and third party trust mediation are few of them. We plan to implement baseline application for blockchain based logistics smart contract management system.Blockchain eliminates the requirement of third party trust mediation. A smart contract management system for logistics and supply chain should have the flexibility and support to define logistics operations and their monitoring.We intend to device a novel mechanism based on smart contracts to model IoT enabled supply chains that have implications in IoT based smart systems such as smart factories, Industry 4.0, smart logistics and smart transportation etc.We plan to design architecture of a smart contract management system for logistics and then implement a baseline but flexible system that can be utilized to test basic logistics operations.

Project Objectives

Following are the objectives of our project

• Requirements Engineering
• Requirements Inception
• Requirements Specification
• Domain Model
• Identification of Domain Model
• Development of Domain Model
• Blockchain based Architecture
• Architecture based on Open Source
• Design based on Open Source
• Implementation of Architecture
• Baseline Implementation
• Logistics Scenario Implementation
• Detailed Use Case Implementation
• Testing
• Deployment Testing
• Test Case Development

Project Implementation Method

Blockchain technology along with Internet of Things (IoT) and Cloud Computing is expected to cause disruption in the existing business processes at unprecedented scale. Smart Contracts which represent business logic are consolidated by blockchain architecture. A smart contract is a self-executing program that may be triggered on events generated by IoT sensors, actuators or tags. Blockchain and smart contracts which find their optimum suitability in multi-party arrangements are anticipated to bring a paradigm shift in the domains of Supply chain and logistics. This project presents the disruptive innovation happening in the logistics processes due to blockchain, smart contracts and Internet of Things. We highlight the some of the most important Key Performance Indicators (KPIs) of the logistics domain being positively affected due to this digital disruption and the required characteristics in the blockchain technologies for this paradigm shift to take place and implement baseline solution for blockchain based logistic smart contract management system.

Benefits of the Project

• Monitors Performance History. ...
• Maintains History of High-Value Assets. ...
• Improves Quality Assurance. ...
• Improves Compliance. ...
• Monitors Real-time Freight Capacity. ...
• Improves Payments and Pricing Processes. ...
• Detects Fraud.

Technical Details of Final Deliverable

The main aim of this project is to show an analysis of the current state of blockchain technology and its possibilities regarding the development of decentralized and self-verifiable applications focusing on their integrity by using iot sensors,Rfid reader and scanner etc.

Final Deliverable of the Project

HW/SW integrated system

Type of Industry

Security

Technologies

Blockchain

Sustainable Development Goals

Decent Work and Economic Growth, Industry, Innovation and Infrastructure

Required Resources

If you need this project, please contact me on contact@adikhanofficial.com