SmartOil: Blockchain and smart contract‐based oil supply chain management

نویسندگان

چکیده

The traditional oil supply chain suffers from various shortcomings regarding crude extraction, processing, distribution, environmental pollution and traceability. It offers only forward flow of products with limitations in quality inspection, fraudulent information monopolistic behavior entities. Inclusion counterfeiting opaqueness the system urge renovation this sector. Technological advancement can now reshape infrastructure for future. Here, a conceptual framework utilizing blockchain smart contract to monitor overall is suggested. Blockchain used support security building decentralized type chain. Internet Things (IoT) sensors open broader window track process attributes real time. A methodology reverse traceability each participant constructed. Implementation contracts also shown detailed analysis. challenges implementing such are further described our framework's adaptability world validated. paper concludes future research scope mitigate restrictions data management maintenance advanced working prototypes agile systems achieving greater transparency.

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ژورنال

عنوان ژورنال: IET blockchain

سال: 2021

ISSN: ['2634-1573']

DOI: https://doi.org/10.1049/blc2.12005