DefinePK

Abstract

A block chain-based PoS algorithm improves supply chain transparency and security by logging every transaction and product attribute in an unchangeable ledger. PoS allows for effective validation while lessening the environmental impact, in contrast to energy-intensive mining. Because every transaction is kept on file, manufacturers, suppliers, retailers, and customers can all instantly check the history of a product. In order to provide traceability and reduce the risk of counterfeit goods, manufacturers authenticate the origins of their products, and each stakeholder—distributors, logistics companies, and retailers—adds to the record. Before stocking, shops may verify authenticity and suppliers can authenticate product sources. By looking up product history before to making a buy, consumers in turn develop trust. By dispersing validation throughout a network and minimizing malevolent influence, block chain's decentralized architecture guards against data breaches. This encourages responsibility because everyone involved can see each other. Real-time updates make monitoring easier, facilitating prompt resolution of discrepancies and bolstering the integrity of the supply chain.