Blockchain enabled traceability in the jewel supply chain
Abstract This article examines the potential of blockchain technology to revolutionize the jewelry supply chain by enhancing trust, transparency, and efficiency. Utilizing Ethereum, we developed a blockchain network tailored to the industry’s needs. Blockchain operates as a secure, immutable ledger,...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nature Portfolio
2025-01-01
|
| Series: | Scientific Reports |
| Subjects: | |
| Online Access: | https://doi.org/10.1038/s41598-025-88245-4 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832571766768140288 |
|---|---|
| author | Aman Patel Siva Sai Ankit Daiya Harshal Akolekar Vinay Chamola |
| author_facet | Aman Patel Siva Sai Ankit Daiya Harshal Akolekar Vinay Chamola |
| author_sort | Aman Patel |
| collection | DOAJ |
| description | Abstract This article examines the potential of blockchain technology to revolutionize the jewelry supply chain by enhancing trust, transparency, and efficiency. Utilizing Ethereum, we developed a blockchain network tailored to the industry’s needs. Blockchain operates as a secure, immutable ledger, ensuring data integrity and transparency while preventing fraud and tampering due to its decentralized nature. Ethereum’s key features, including nodes, addresses, and smart contracts, make it an ideal platform for this application. The system incorporates robust security measures, addressing vulnerabilities such as reentrancy attacks and unauthorized access. Performance tests on networks demonstrated the solution’s viability, with Layer 2 optimizations reducing transaction costs. The system also uses IPFS (InterPlanetary File System) to store certificate templates in order to improve scalability and data accessibility. Six primary participants in the supply chain, from miners to customers, engage with the blockchain, ensuring full traceability and transparency. Certificates are dynamically generated by retrieving transaction hashes from the blockchain. The certificate template is stored on the InterPlanetary File System (IPFS), and when needed, the relevant data is populated into the template in real-time to produce the certificate. While challenges remain in terms of industry-wide adoption and regulatory compliance, the solution’s potential to enhance transparency and efficiency positions it as a significant advancement for the jewelry supply chain within the Industry 4.0 framework. |
| format | Article |
| id | doaj-art-ffd95f6a4df9452e94577ef8fd1fc5e0 |
| institution | Kabale University |
| issn | 2045-2322 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Nature Portfolio |
| record_format | Article |
| series | Scientific Reports |
| spelling | doaj-art-ffd95f6a4df9452e94577ef8fd1fc5e02025-02-02T12:21:31ZengNature PortfolioScientific Reports2045-23222025-01-0115111410.1038/s41598-025-88245-4Blockchain enabled traceability in the jewel supply chainAman Patel0Siva Sai1Ankit Daiya2Harshal Akolekar3Vinay Chamola4Department of Mechanical Engineering, Indian Institute of TechnologyDepartment of Electrical and Electronics Engineering, Birla Institute of Technology and ScienceDepartment of Mechanical Engineering, Indian Institute of TechnologyDepartment of Mechanical Engineering, Indian Institute of TechnologyDepartment of Electrical and Electronics Engineering, Birla Institute of Technology and ScienceAbstract This article examines the potential of blockchain technology to revolutionize the jewelry supply chain by enhancing trust, transparency, and efficiency. Utilizing Ethereum, we developed a blockchain network tailored to the industry’s needs. Blockchain operates as a secure, immutable ledger, ensuring data integrity and transparency while preventing fraud and tampering due to its decentralized nature. Ethereum’s key features, including nodes, addresses, and smart contracts, make it an ideal platform for this application. The system incorporates robust security measures, addressing vulnerabilities such as reentrancy attacks and unauthorized access. Performance tests on networks demonstrated the solution’s viability, with Layer 2 optimizations reducing transaction costs. The system also uses IPFS (InterPlanetary File System) to store certificate templates in order to improve scalability and data accessibility. Six primary participants in the supply chain, from miners to customers, engage with the blockchain, ensuring full traceability and transparency. Certificates are dynamically generated by retrieving transaction hashes from the blockchain. The certificate template is stored on the InterPlanetary File System (IPFS), and when needed, the relevant data is populated into the template in real-time to produce the certificate. While challenges remain in terms of industry-wide adoption and regulatory compliance, the solution’s potential to enhance transparency and efficiency positions it as a significant advancement for the jewelry supply chain within the Industry 4.0 framework.https://doi.org/10.1038/s41598-025-88245-4BlockchainSupply chainTraceabilityEthereumJewelsSmart contract |
| spellingShingle | Aman Patel Siva Sai Ankit Daiya Harshal Akolekar Vinay Chamola Blockchain enabled traceability in the jewel supply chain Scientific Reports Blockchain Supply chain Traceability Ethereum Jewels Smart contract |
| title | Blockchain enabled traceability in the jewel supply chain |
| title_full | Blockchain enabled traceability in the jewel supply chain |
| title_fullStr | Blockchain enabled traceability in the jewel supply chain |
| title_full_unstemmed | Blockchain enabled traceability in the jewel supply chain |
| title_short | Blockchain enabled traceability in the jewel supply chain |
| title_sort | blockchain enabled traceability in the jewel supply chain |
| topic | Blockchain Supply chain Traceability Ethereum Jewels Smart contract |
| url | https://doi.org/10.1038/s41598-025-88245-4 |
| work_keys_str_mv | AT amanpatel blockchainenabledtraceabilityinthejewelsupplychain AT sivasai blockchainenabledtraceabilityinthejewelsupplychain AT ankitdaiya blockchainenabledtraceabilityinthejewelsupplychain AT harshalakolekar blockchainenabledtraceabilityinthejewelsupplychain AT vinaychamola blockchainenabledtraceabilityinthejewelsupplychain |