Predictive demand forecasting plays a pivotal role in optimizing supply chain management, enabling businesses to effectively allocate resources and minimize operational inefficiencies. This paper introduces a novel approach to enhancing demand forecasting processes by leveraging the Ethereum virtual machine within a blockchain framework. The proposed system capitalizes on the inherent security, transparency, and decentralized nature of blockchain technology to create a secure and efficient platform for predictive demand forecasting. The system leverages the Ethereum virtual machine to establish a secure, decentralized, and tamper‐resistant platform for demand prediction while ensuring data integrity and privacy. By utilizing the capabilities of smart contracts and decentralized applications within the Ethereum ecosystem, the proposed system offers an efficient and transparent solution for demand forecasting challenges. The current research focused on Ethereum virtual machine characteristics, features, components, and implementation details. A secured framework for the prediction of demand forecasting systems is proposed. Finally, the authors tried to validate and optimize the gas cost by using distinguished statistics and analysis.
{"title":"An efficient secure predictive demand forecasting system using Ethereum virtual machine","authors":"Himani Saraswat, Mahesh Manchanda, Sanjay Jasola","doi":"10.1049/blc2.12068","DOIUrl":"https://doi.org/10.1049/blc2.12068","url":null,"abstract":"Predictive demand forecasting plays a pivotal role in optimizing supply chain management, enabling businesses to effectively allocate resources and minimize operational inefficiencies. This paper introduces a novel approach to enhancing demand forecasting processes by leveraging the Ethereum virtual machine within a blockchain framework. The proposed system capitalizes on the inherent security, transparency, and decentralized nature of blockchain technology to create a secure and efficient platform for predictive demand forecasting. The system leverages the Ethereum virtual machine to establish a secure, decentralized, and tamper‐resistant platform for demand prediction while ensuring data integrity and privacy. By utilizing the capabilities of smart contracts and decentralized applications within the Ethereum ecosystem, the proposed system offers an efficient and transparent solution for demand forecasting challenges. The current research focused on Ethereum virtual machine characteristics, features, components, and implementation details. A secured framework for the prediction of demand forecasting systems is proposed. Finally, the authors tried to validate and optimize the gas cost by using distinguished statistics and analysis.","PeriodicalId":100650,"journal":{"name":"IET Blockchain","volume":"28 30","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140430098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Minghao Lee, Binhao Ma, Di Han, Dejun Wang, Bo Meng
Most blockchain users run light nodes on mobile devices. Due to limited storage and computation, light nodes cannot perform transaction validation. This shortage makes opportunities for malicious nodes to produce blocks containing invalid transactions, which results in the loss of funds for light nodes. Fraud proofs play a significant role in ensuring transaction security for light nodes. However, existing fraud proof schemes require honest collaborators and the processing of entire blocks. To address these limitations, Independent Single Transaction Verification Protocol for Light node Using Fraud Proofs without Collaborator called ISTVP is proposed that enables light nodes to independently verify transactions and generate fraud proofs without relying on collaborators or processing the entire block. To support ISTVP, SVST is introduced, an efficient block structure for single-transaction verification. SVST not only efficiently indexes historical transaction outputs to improve verification efficiency, but also significantly reduces the storage requirements for verifying transactions to