A Blockchain - Based Secure Model for Automobile Supply Chain with IoT

Abstract

"AutoChain," a blockchain-based solution designed to enhance transparency and trust within the global automotive supply chain. Traditional supply chains often face challenges such as disruptions and difficulties in identifying reliable partners. AutoChain addresses these issues by leveraging decentralized record-keeping of manufacturers, suppliers, and customers. By utilizing blockchain technology, AutoChain ensures the security, tamper-proofing, and traceability of transactions, with Layer 1 of the Ethereum Blockchain recording supply chain transactions among key stakeholders and Layer 2 capturing real-time data from IoT devices. To promote trust among participants, AutoChain implements an authentication system to validate the authenticity of stakeholders. Additionally, a reputation management system is incorporated, enabling the rating of end users based on the services provided. In cases of disruptions within the supply chain, AutoChain utilizes a game theory algorithm to identify the most suitable replacement participant. This novel approach separates the blockchain for global automobile supply chain transactions, offering a dedicated layer for addressing disruptions through game theory-based participant selection.