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Blockchain and IOT Devices: A Futuristic Approach for Digital and Smart Supply Chain

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Applications of Block Chain technology and Artificial Intelligence

Part of the book series: Financial Mathematics and Fintech ((FMF))

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Abstract

Blockchain and supply chain system with IOT devices gives us strong, and security platform. But we need to add ownership of company. After that we can avail all the benefits of these emerge technology. Blockchain facilitate with IOT devices having secure and strong mechanism including firewall, encryption, trusted execution, authorization, authentication and accounting mechanism. The main advantage with blockchain is it work ith all layer of network. Methodology is used in this paper to find working process of blockchain, supply chain management from various research papers with internet of things. Then we understand AWS is best example of supply chain management system similarly, we need ownership control for smooth running of the system. All mechanism of blockchain and supply chain provide high security system is followed by company. After that we can control all vulnerability of system, which is called digital and smart supply chain management system. This concept is highly recommended in today’s scenario.

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Author information

Authors and Affiliations

  1. Poornima University, Jaipur, Rajasthan, India

    Bindiya Jain

  2. Brainware University, Barasat, Kolkata, India

    Indrajit Ghosal

  3. Amity University, Noida, India

    Akshita Chotia

  4. Sri Lanka Institute of Information Technology (Sabatical), University of Sri, Colombo, Sri Lanka

    P. G. S. Amila Jayarathne

Authors
  1. Bindiya Jain
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  2. Indrajit Ghosal
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  3. Akshita Chotia
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  4. P. G. S. Amila Jayarathne
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Editor information

Editors and Affiliations

  1. NSB Academy Business School, Bangalore, India

    Mohammad Irfan

  2. Dept of Applied Artificial Intelligence, Sungkyunkwan University, Seoul, Korea (Republic of)

    Khan Muhammad

  3. Dept of Finance and Investment, Imam Muhammad ibn Saud Islamic University, Riyadh, Saudi Arabia

    Nader Naifar

  4. Dept of Computer Science, HITEC University, Taxila, Pakistan

    Muhammad Attique Khan

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Jain, B., Ghosal, I., Chotia, A., Jayarathne, P.G.S.A. (2024). Blockchain and IOT Devices: A Futuristic Approach for Digital and Smart Supply Chain. In: Irfan, M., Muhammad, K., Naifar, N., Khan, M.A. (eds) Applications of Block Chain technology and Artificial Intelligence. Financial Mathematics and Fintech. Springer, Cham. https://doi.org/10.1007/978-3-031-47324-1_5

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