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Atomically Traceable Nanostructure Fabrication
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Blockchain enabled traceability in the jewel supply chain.

Aman Patel1, Siva Sai2, Ankit Daiya1

  • 1Department of Mechanical Engineering, Indian Institute of Technology, Jodhpur, 342304, India.

Scientific Reports
|January 30, 2025
PubMed
Summary

Blockchain technology enhances jewelry supply chain transparency and efficiency. This system uses Ethereum and IPFS for secure, traceable transactions from miners to customers, improving data integrity.

Keywords:
BlockchainEthereumJewelsSmart contractSupply chainTraceability

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Area of Science:

  • Computer Science
  • Information Technology
  • Supply Chain Management

Background:

  • The jewelry industry faces challenges with trust, transparency, and efficiency in its supply chain.
  • Lack of traceability and potential for fraud hinder consumer confidence and operational effectiveness.

Purpose of the Study:

  • To explore the application of blockchain technology in the jewelry supply chain.
  • To develop and test a blockchain-based system using Ethereum for enhanced transparency, security, and efficiency.
  • To improve traceability and data integrity throughout the jewelry supply chain.

Main Methods:

  • Developed a blockchain network utilizing Ethereum, incorporating nodes, addresses, and smart contracts.
  • Implemented security measures to address vulnerabilities like reentrancy attacks.
  • Integrated the InterPlanetary File System (IPFS) for scalable storage of certificate templates.
  • Conducted performance tests with Layer 2 optimizations and involved six key supply chain participants.

Main Results:

  • Demonstrated the viability of a blockchain solution for the jewelry supply chain.
  • Achieved enhanced transparency and traceability from mining to retail.
  • Reduced transaction costs through Layer 2 optimizations.
  • Enabled dynamic certificate generation with data stored on IPFS and blockchain.

Conclusions:

  • Blockchain technology, specifically using Ethereum and IPFS, offers a robust solution for improving the jewelry supply chain.
  • The system enhances trust, security, and efficiency, positioning it as a key advancement within Industry 4.0.
  • Challenges in industry-wide adoption and regulatory compliance need to be addressed for full potential realization.