Secured information sharing for supply chain management based on blockchain technology and optimal key generation process

Abstract

Summary Supply Chain Management (SCM) is one of the biggest important focal areas in most corporate environments. However, some difficulties are presented in the structure like high cost, privacy issues and distortions. Thus, new secured information sharing for SCM is proposed in this work and deals with the introduction of privacy preservation of data transfers among supply chains. Initially, a supply chain is constructed and the data transfer among the diverse levels takes place via blockchain technology. In the blockchain, security being a crucial factor, a new privacy preservation method is introduced. The initial information is converted to a sanitization procedure prior to transmission via blockchain technology, in which the information is turned into sanitized data. Similarly, the sanitized data is restored on the receiving end to obtain the original data. More importantly, key generation has a significant role in both processes, and it must be ideally chosen. The key is optimally chosen for this study using a new optimization algorithm called Fitness‐based Self‐adaptive Sea lion Optimization (FSA‐SLnO), which is a better variant of the conventional Sealion Optimization technique (SLnO). In terms of security, the proposed protected information sharing in SCM using block chain technology is evaluated by comparing it with traditional approaches.