A Batch-Service Queueing Assisted Blockchain System for Supply Chain Management

In recent years, blockchains have attracted a great deal of interest from researchers, engineers, and institutions. Additionally, the implementation of blockchains has begun to revitalisea large number of applications, such as e-finance, smart homes, smart health, social security, logistics, and so on. As supply chains become increasingly global, management and control become more complicated. Blockchain technology is establishing promise in tackling several supply chain management (SCM) concerns as a distributed digital ledger platform that ensures security, traceability, and transparency. Government, societal, and consumer pressures have encouraged us to consider how blockchain can help us meet our sustainability goals and improve supply chain sustainability. True blockchain-led supply chain and corporate transformation is still in its early phases. This chapter examines the possible application of blockchain technology (BT) and smart contracts to SCM. In order to study the operations of blockchain based supply chain management a queueing based model is developed. It assesses the measures of the model, such as the mean transactions per unit time, the mean transactions in the unconfirmed transaction pool, the mean time required for transaction confirmation, and the average waiting time of transactions in the unconfirmed transaction pool. Additionally, it evaluates the characteristics of the supplychain (SC) system.