Blockchain-based decentralized supply chain system with secure information sharing

Abstract

Supply chain management (SCM) has become an important way for the companies to improve the production efficiency and reduce the management cost. However, the existing SCM system is usually built and performed with the semi-trusted certificate authority, which may be susceptible to the collusion attack and tampering attack launched by the malicious certificate authority, resulting in illegal modification of product provenance record. Moreover, the lack of transparent and mutual trust among the stakeholders in the SCM system remains a great challenging issue. In this paper, we propose a blockchain-based decentralized supply chain system with secure information sharing, which can ensure the security of product provenance record without relying on any fully trusted intermediary. In our system, two validation mechanisms, i.e., one-way validation mechanism and transaction-based validation mechanism are built to help the stakeholders to perform the validation of product provenance record without accessing their original content. Furthermore, the blockchain-based smart contract is used to achieve secure registration, proper authentication and fair payment for all stakeholders, where the valid stakeholders can pay for the purchased products, automatically and reliably. Security analysis and performance evaluation demonstrate that our proposed scheme is secure, feasible and efficient with a limited and reasonable computation cost.