Integrated Internet of Things with Blockchains for Vendor-Management Inventory System

Abstract

In recent era, the supply chain management is becoming a complex valued network that offers a major competitive advantage over logistics and supply chain management. Despite its advantages, the complexity is becoming a challenge that should provide verification of sources, maintaining product visibility and monitoring while moving via supply chains. The adoption of Internet of Things (IoT) can support all these movements that tends to track and monitor the activities of the products moving in the chain network. Such optimization enables the operations to get optimized that includes manufacturing, warehousing and transportation. In addition, the transparency of the supply chains can be maintained via blockchain and when combined with IoT, it increases the effectiveness and efficacy of the supply chain