Privacy preservation of inventory management using adaptive key generation with Hyperledger blockchain technology

Abstract

ABSTRACT The blockchain is an emerging and essential technology in offering various services to several applications including the financial industry and information technology. Consequently, recent information methodologies cannot satisfy the constraints. The data management issue may rise complexities including tracking operations with information security and unsatisfactory traceability data quality due to the high increase in inventory management data. To address the challenge, this paper aims to focus on developing new hyperledger blockchain-enabled secure inventory management with an adaptive key management process. Here, the inventory management data processed by different distributors is encrypted using the adaptive key generation by Fitness-derived Predator Presence Probability-based Squirrel Search Algorithm (FPPP-SSA) that ensures data control. The optimal key management in encryption solves the multi-objective function based on the “degree of modification information preservation rate and hiding ratio (Euclidean distance).” Once the data are enciphered, they are saved in the hyperledger blockchain, where the smart contract is the chain code application. While restoring or decrypting data, the authorized distributor should use the same adaptive key for maintaining secured inventory management. The performance is evaluated under diverse test cases, and the results are estimated under certain performance metrics.