From Hype to Reality: Unveiling the Promises, Challenges and Opportunities of Blockchain in Supply Chain Systems

Uddin, Muen; Selvarajan, Shitharth; Obaidat, Muath; Arfeen, Shams Ul; Khadidos, Alaa O.; Khadidos, Adil O.; Abdelhaq, Maha

doi:10.3390/su151612193

Cited by 13 publications

(3 citation statements)

References 111 publications

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“…The transactions are built on state-transition functions. Gas is a unique pricing currency utilized in the Ethereum blockchain to facilitate resource allocation in proportion to the amount of transactions processed www.nature.com/scientificreports/ and spam protection 45 . The proof of Work algorithm is EThash utilized by the Ethereum mining nodes 46 .…”

Section: Blockchainmentioning

confidence: 99%

Dickson polynomial-based secure group authentication scheme for Internet of Things

Syed,

Manickam,

Uddin

et al. 2024

Sci Rep

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Internet of Things (IoT) paves the way for the modern smart industrial applications and cities. Trusted Authority acts as a sole control in monitoring and maintaining the communications between the IoT devices and the infrastructure. The communication between the IoT devices happens from one trusted entity of an area to the other by way of generating security certificates. Establishing trust by way of generating security certificates for the IoT devices in a smart city application can be of high cost and expensive. In order to facilitate this, a secure group authentication scheme that creates trust amongst a group of IoT devices owned by several entities has been proposed. The majority of proposed authentication techniques are made for individual device authentication and are also utilized for group authentication; nevertheless, a unique solution for group authentication is the Dickson polynomial based secure group authentication scheme. The secret keys used in our proposed authentication technique are generated using the Dickson polynomial, which enables the group to authenticate without generating an excessive amount of network traffic overhead. IoT devices' group authentication has made use of the Dickson polynomial. Blockchain technology is employed to enable secure, efficient, and fast data transfer among the unique IoT devices of each group deployed at different places. Also, the proposed secure group authentication scheme developed based on Dickson polynomials is resistant to replay, man-in-the-middle, tampering, side channel and signature forgeries, impersonation, and ephemeral key secret leakage attacks. In order to accomplish this, we have implemented a hardware-based physically unclonable function. Implementation has been carried using python language and deployed and tested on Blockchain using Ethereum Goerli’s Testnet framework. Performance analysis has been carried out by choosing various benchmarks and found that the proposed framework outperforms its counterparts through various metrics. Different parameters are also utilized to assess the performance of the proposed blockchain framework and shows that it has better performance in terms of computation, communication, storage and latency.

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Section: Blockchainmentioning

confidence: 99%

Dickson polynomial-based secure group authentication scheme for Internet of Things

Syed,

Manickam,

Uddin

et al. 2024

Sci Rep

Self Cite

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“…The fundamental nature of a blockchain is that it functions as a distributed and decentralized digital ledger. The system is comprised of a sequential series of interconnected units, with each unit having a compilation of transactions or information [17]. The blocks are interconnected in a sequential manner.…”

Section: Supply Chain Transparency Challenges and Blockchainmentioning

confidence: 99%

Blockchain-Enabled Simulation and Optimization for Supply Chain Transparency

Lalitha,

Gupta,

Arul

et al. 2024

E3S Web Conf.

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The field of supply chain management has experienced heightened complexity in the context of globalization, giving rise to many difficulties pertaining to transparency, traceability, and efficiency. Blockchain technology has emerged as a possible option to mitigate these challenges by offering a secure and unalterable ledger for documenting transactions and events across the supply chain. This study investigates the integration of blockchain technology with simulation and optimization methodologies in order to boost the level of transparency in supply chain operations. This study aims to explore the possibilities of simulation and optimization models provided by blockchain technology in enhancing transparency inside the supply chain. It focuses on the tracking and verification of the flow of items, information, and cash. The aforementioned statement underscores the advantages of blockchain technology, specifically in terms of facilitating real-time data sharing, maintaining tamper-proof records, and employing decentralized consensus methods. The research paper provides an exposition of case studies and practical implementations of blockchain-enabled simulation and optimization across diverse sectors. These examples serve to demonstrate the potential of this methodology in detecting inefficiencies, mitigating risks, and improving overall supply chain efficacy. The aforementioned instances demonstrate how enterprises can acquire a competitive advantage through the utilization of blockchain technology to augment transparency and optimize their supply chain operations.

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“…Since then, the number and types of decentralized digital assets (DDAs) has exploded [2]. This expansion of the asset class was facilitated by the advent of smart contract capable chains that can support a variety of functions [3][4][5][6][7][8], governance tokens, and the creation of decentralized finance (DeFi) [9]. As a small asset class and associated industry, DDAs have been largely unregulated aside from the application of securities laws to initial coin offerings (ICOs) that were prominent around 2017 [10,11].…”

Section: Introductionmentioning

confidence: 99%

Digital Gold or Digital Security? Unravelling the Legal Fabric of Decentralised Digital Assets

Watters

2023

Commodities

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This paper offers an in-depth exploration into the intricate world of decentralized digital assets (DDAs), shedding light on their categorization as currencies, commodities, or securities. Building on foundational cases such as SEC v. Howey, the analysis delves into the current controversies surrounding assets like XRP and LBC, exploring the nuances in their classification. By highlighting the challenges of defining categories of DDAs within traditional legal frameworks, this study emphasizes the need for a simple taxonomy that encapsulates the dynamism of digital currencies while permitting flexibility. A proposed framework aims to simplify the categorization process while respecting recent jurisprudence, ensuring regulatory clarity for developers and users of DDAs.

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From Hype to Reality: Unveiling the Promises, Challenges and Opportunities of Blockchain in Supply Chain Systems

Cited by 13 publications

References 111 publications

Dickson polynomial-based secure group authentication scheme for Internet of Things

Dickson polynomial-based secure group authentication scheme for Internet of Things

Blockchain-Enabled Simulation and Optimization for Supply Chain Transparency

Digital Gold or Digital Security? Unravelling the Legal Fabric of Decentralised Digital Assets

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