GSTChain: A Blockchain Network Application for the Goods and Services Tax

Pasha, Shaheen; Mehrotra, Deepti; Lin, Jerry Chun‐Wei; Srivastava, Gautam

doi:10.1142/s0218126622500025

Cited by 6 publications

(2 citation statements)

References 29 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…By employing the power of a distributed ledger, blockchain can simplify firms' compliance requirements and aid in tax revenue collection. Blockchain technology can provide high transparency and security, enhancing the GST system's trust and compliance and ensuring that the system is free of fraudulent activities [140].…”

Section: G Goods and Service Tax (Gst)mentioning

confidence: 99%

An Examination of Distributed and Decentralized Systems for Trustworthy Control of Supply Chains

Kumar C,

Selvaprabhu

2023

IEEE Access

View full text Add to dashboard Cite

Establishing a well-functioning Supply Chain Management (SCM) system is paramount during challenging times such as pandemics, natural disasters, and international conflicts. The complexity of global supply chains necessitates efficient systems, procedures, and personnel to ensure optimal results. Poor coordination among entities can lead to increased counterfeit products, increased ocean transportation costs, more expensive freight brokerage, bottlenecks in cargo flow, congestion, and complications in product accountability. To ensure a smooth and hassle-free operation, it's essential to maintain unambiguity and accuracy throughout every process. Therefore, it is vital to have effective systems, procedures, and personnel in place for SCM. The challenges encountered in SCM can be effectively tackled by utilizing blockchain technology. The architecture of blockchain technology is characterized by its distributed, decentralized and robust safety measures, which guarantee the integrity of data storage and its distribution across a meticulously organized ledger. Users can confidently rely on this innovative design's transparency, reliability, and safety. Implementing blockchain technology carries immense potential in bolstering safety and privacy measures in diverse sectors, including agriculture, healthcare, Goods and Services Tax (GST), academics, e-voting and automobile. This investigation delves into the practical applications of blockchain technology for SCM. It thoroughly analyses existing research and literature to uncover the latest advancements and potential future breakthroughs in this area.

show abstract

Section: G Goods and Service Tax (Gst)mentioning

confidence: 99%

An Examination of Distributed and Decentralized Systems for Trustworthy Control of Supply Chains

Kumar C,

Selvaprabhu

2023

IEEE Access

View full text Add to dashboard Cite

show abstract

“…They solved the problem and developed an end-to-end solution by exploring intelligent method and the blockchain management for better matching of the relations knowledge graphs set. Pasha et al [25] addressed and identified GST implementation and proposed , GSTChain, as a solution using blockchain network technology. The main objective behind such innovation was to make tax collection transparent and efficient for the government.…”

Section: Scope Of the Surveymentioning

confidence: 99%

An Extensive Blockchain Based Applications Survey: Tools, Frameworks, Opportunities, Challenges and Solutions

et al. 2022

View full text Add to dashboard Cite

Many security standards and cryptographic solutions exist for different applications such as agriculture, aircraft, banking systems and etc. but a more effective and efficient solution can be given by combining existing technologies with blockchain. This work addresses the problems of previous works such as scalability, immutability, robustness, network latency, auditability, and traceability. Satoshi Nakamoto introduced Blockchain (BC) to tackle the Address Resolution Protocol (ARP) spoofing attacks, Distributed Denial of Service (DDoS), phishing problems and various security issues. Blockchain is a technology that stores the data using a chain of blocks in an encrypted form with hashing algorithms. It uses the decentralized architecture to store the information that helps users and customers to have transparency on records. The data is stored in a distributed ledger that is tamperproof and immutable. To amalgamate the research done so far, this paper presents a systematic review of ten different applications and tools used in blockchain. The applications include academics and education, agriculture, aircraft, banking, car sharing, e-voting, healthcare, Internet of Things (IoT), Intellectual Property Rights (IPR), and Supplychain (SC). Moreover, this paper presented a taxonomy for these applications and analyzed the implementation of tools used in different domains. Different open issues and challenges and key takeaways of blockchain technology were also highlighted. Hence, this paper helps give a new insight into working with blockchain and deciding on appropriate tools and approaches for a particular application.

show abstract

Deep Learning with Blockchain Technology for Secure Data Management in Healthcare Sector using Hybrid Elliptic Curve-Rivest–Shamir–Adleman Cryptography

Preethi

Priyadharsini

2022

Cybernetics and Systems

View full text Add to dashboard Cite

GSTChain: A Blockchain Network Application for the Goods and Services Tax

Cited by 6 publications

References 29 publications

An Examination of Distributed and Decentralized Systems for Trustworthy Control of Supply Chains

An Examination of Distributed and Decentralized Systems for Trustworthy Control of Supply Chains

An Extensive Blockchain Based Applications Survey: Tools, Frameworks, Opportunities, Challenges and Solutions

Deep Learning with Blockchain Technology for Secure Data Management in Healthcare Sector using Hybrid Elliptic Curve-Rivest–Shamir–Adleman Cryptography

Contact Info

Product

Resources

About