Retail level Blockchain transformation for product supply chain using truffle development platform

In any business network for record transactions, validation, and track assets, we have used a Blockchain platform, which is shared a distributed ledger that used cryptography techniques. Globally, there are different rules and operating procedures in the supply chain network. These regulations are used for end-to-end tracking between industries of different countries. The major problem faced today is asset traceability, and it is addressed with the usage of Blockchain technology. Greater asset traceability is provided using this technology. Throughout this research study, we suggest a commodity traceability network focused on blockchain technologies, which permanently stores all commodity history in a global database by way of smart contracts and creates a chain that can trace back to the source of goods. In particular, we built an incident response system to check the parties' identity and ensure the legitimacy of the transaction. And all events are stored permanently in the form of logs to manage disputes and track accountable entities. Also, a device prototype is designed utilizing truffle research nets. Initially, a user login form is developed to make a part of the Blockchain, followed with a function to add an entry of the stock-keeping unit (SKU) into the Blockchain. The SKU is used for adding the product or item into the Blockchain, i.e., the product information is added like Dairy Milk, then one transaction is complete. The local languages like Urdu and Hindi are supported the SKU. All users of the retail network can be accessed the SKU Id of that product, and it can update the status of the product. So, the history of the product is saved in the block until the customer block in-network, and the customer can access it by using the QR scan code. Customer confidence is increased, and customer satisfaction reflects in sales.

Automated summary

Blockchain technology is widely used in business networks to record transactions, validate, and track assets. In the global supply chain network, different countries have various rules and operating procedures. The major issue faced is asset traceability, which is addressed by using blockchain technology to provide greater traceability. A proposed research study focuses on a commodity traceability network using blockchain technology, storing commodity history in a global database through smart contracts and creating a chain for tracing back to the source of goods.