2022
DOI: 10.3390/sym14010064
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Towards Convergence of IoT and Blockchain for Secure Supply Chain Transaction

Abstract: Supply chain management (SCM) is essential for a company’s faster, efficient, and effective product life cycle. However, the current SCM systems are insufficient to provide product legitimacy, transaction privacy, and security. Therefore, this research proposes a secure SCM system for the authenticity of the products based on the Internet of Things (IoT) and blockchain technology. The IoT-enabled Quick Response (QR) scanner and the blockchain-integrated distributed system will allow all the SCM stakeholders to… Show more

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Cited by 25 publications
(10 citation statements)
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References 35 publications
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“…It is mainly used to predict a binary variable with a large number of independent variables. It is efficient to forecast the probability of being 0 or 1 based on predictors [ 34 , 35 , 36 ]. It can be expressed as (6): where X is a vector that contains independent predictor variables; is the conditional probability of experiencing the event given the independent variable vector X ; and is a random error term.…”
Section: Proposed Methodologymentioning
confidence: 99%
See 1 more Smart Citation
“…It is mainly used to predict a binary variable with a large number of independent variables. It is efficient to forecast the probability of being 0 or 1 based on predictors [ 34 , 35 , 36 ]. It can be expressed as (6): where X is a vector that contains independent predictor variables; is the conditional probability of experiencing the event given the independent variable vector X ; and is a random error term.…”
Section: Proposed Methodologymentioning
confidence: 99%
“…It is mainly used to predict a binary variable with a large number of independent variables. It is efficient to forecast the probability of being 0 or 1 based on predictors [34][35][36]. It can be expressed as ( 6):…”
Section: Predictive Modelsmentioning
confidence: 99%
“…With many independent variables, it is mostly used to predict binary variables. Using predictors to predict whether a value will be 0 or 1 is efficient 23,33,34 . As a result, (6) is true: ygoodbreak=π(X)goodbreak+ε$$ y=\pi (X)+\varepsilon $$ …”
Section: Proposed Methodologymentioning
confidence: 99%
“…Using predictors to predict whether a value will be 0 or 1 is efficient. 23,33,34 As a result, ( 6) is true:…”
Section: Logistical Regressionmentioning
confidence: 99%
“…BC is a distributed ledger system that uses a peer-to-peer (P2P) architecture to make all transaction records permanently accessible to all nodes in the network. Without the requirement for a trusted third party, it enables anonymous users to safely deal with one another and broadcast those transactions to others in the network (Hasan et al, 2022). BCs' distributed consensus process is a key component.…”
Section: Blockchainmentioning
confidence: 99%