New blockchain-based supply chain management system model

Abstract

Leveraging technological advances to provide a permanent audit log for a tracked asset is the main goal of blockchain-based supply chain management systems. The challenge, however, is to monitor the asset as it moves through various blockchain-based distribution networks. The paper suggests a model that was developed specifically to solve these problems. The proposed model allows you to do the following: track an asset in various blockchain - based supply chain systems; cryptographically verify the asset's supply chain; define asset data in a standard format; and describe it using several standard formats. Thus, the model offers a significant advantage in terms of interaction between different blockchain-driven supply chains compared to other models presented in the literature.