Block chain Based Data Provenance In Supply chain

Abstract

Blockchain technology as an infrastructure allows an innovational platform for a new transparent and decentralized transaction mechanism for different type of industries and businesses. Different attributes of blockchain technology increase trust through traceability and transparency ability of goods, data and financial resources within any transaction. Regardless of initial uncertainty about this technology, government and many major enterprises and firms have recently examined the adoption and improvement of this technology in several areas of applications, from social, legal and finance industries to manufacturing, design and supply-chain networks. An interesting research problem in this new era is that of determining provenance. At present, goods which are produced and transported using complicated medium supply chains, in this type of supply chain it is impossible to evaluate the provenance of physical goods. We have an interest in the blockchain as there are numerous favored use cases of blockchain especially for provenance tracking. In this paper we review the basics features of the blockchain along with its type like permission less and permissioned blockchain. Then discussed the need of provenance of assets in supplychain as it increase the trust of the customer and proposed a process and architecture for providing the data provenance in supply chain with blockchain using smart contract.