Inventory management system using blockchain technology.

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Author(s): YANO, I. H.

Summary: Warehouse Management Systems (WMS) automate handling and control operations for stored materials and are a fundamental part of most companies, as movements of the most diverse types of materials and products occur at all times. Among several subsystems, Inventory Management is a fundamental part of the WMS. However, it may suffer from inaccuracy due to theft and unreported damage to materials. These inaccuracy problems can get worse if a hacker tampers the product quantities. To mitigate this problem, we propose blockchain technology to increase security. In Blockchain technology, the data stored becomes immutable and, therefore, cannot be tampered with. In this work, we developed and tested a prototype of an inventory management system, specifically the storage space allocation subsystem, using a blockchain Ethereum smart contract to register the aisle, shelf, and bin of the product location. Proving that blockchain is a real possibility to provide a good choice for a security inventory management system.

Publication year: 2024

Types of publication: Paper in annals and proceedings

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