Secure Supply Chain Management through Blockchain-IoT Integration

Abstract

Global supply chains are increasingly complex, with issues of transparency, trust and efficiency leading to fraud, counterfeiting and delays. The industry 4.0 relies on the IoT to be tracked on the fly and blockchain offers immutability and decentralized trust. Their production offers a new way to safe and open supply chain management. The present paper discusses blockchain-IoT applications in pharmaceuticals, food traceability and logistics, and enhances traceability, efficiency, and fraud prevention. Other challenges, including scalability, energy use, and interoperability, however, persist. Interoperability standards and lightweight consensus, the addition of edge computing and the integration of AI should be further explored. Overall, the IoT blockchain integration can help create trust and real-time visibility that will ensure the safety, resilience, and sustainability of the supply chain in the digital world.