Role of Blockchain Technology and Machine Learning in Design of Smart and Secure Warehouse Management System: A Survey

Abstract

Blockchain network is defined as interconnection of many computers, and each and every computer holds the copy of the ledger. It can be observed as continuously budding chain of blocks, and blocks are interconnected with the support of hash function. Validating of new blocks is followed by a set of protocols and consensus mechanism from every node in the network. The records are kept and arranged in linear fashion chain. The main feature of the Blockchain technology is that it allows secure communication between untrusted parties without the involvement of any third party authority. Artificial intelligence, which emulates the human intelligence, is impacting heavily on the business and social media applications nowadays. Machine learning which is the subset AI, automatically learns and improve based on input data. Whereas deep learning which is subset of machine learning uses networks to identify complex patterns in data. The basic approach of machine learning is to collect and analyze the data at central location like server. But in today’s scenario the data is decentralized and emerges from multiple sources. Hence the need of distributed machine learning algorithms in many applications is required. ML can be used to make chain smarter than before. By making use of decentralized data architecture of Blockchain we can build good models of machine learning. This paper investigates the possibility of integrating Blockchain Technology and Machine learning for optimization and improvement of Warehouse operations at data and transactions levels by providing security processes needed for smart and secure warehouse system.