Seyed Saman Karimi; Tahmoures Sohrabi; Amir Bayat Tork
Abstract
This paper discusses the challenges facing the logistics industry in the global business environment, including issues related to tracking transactions, preserving transaction privacy, and ensuring the security of logistics information. We propose a method for addressing these challenges using a blockchain-based ...
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This paper discusses the challenges facing the logistics industry in the global business environment, including issues related to tracking transactions, preserving transaction privacy, and ensuring the security of logistics information. We propose a method for addressing these challenges using a blockchain-based system that employs a smart contract to control the behaviors of all participants in the logistics and trade process. In the experiment, we use the Solidity programming language to develop a smart contract on Ethereum and tested it for common logistics and transaction uses. The results of related programming and coding in Remix IDE show that the proposed algorithm is highly implementable. To test the smart contract code and validation, we test four main functionalities, which include successful collateral deposit after the customer requests a document, unique token generation, successful payment settlement, and a refund based on dispute handling by the arbitrator. Oyente vulnerability analysis also shows that the code does not suffer security bugs. Therefore, the proposed method can effectively decrease the risk of the logistics and trade process.
