Refine Security Control Protocols for Block chain in Textile Industry Supply Chain Management
DOI:
https://doi.org/10.21015/vtse.v14i2.2370Abstract
Cotton is a vital crop with numerous environmentally friendly applications in our daily lives, making it a globally significant agricultural commodity. Pakistan ranks as the world's third-largest producer and consumer of cotton, utilizing 15% of its land for cultivation. However, challenges like supply chain malpractice and opacity lead to economic losses for farmers, textile industries, and governments. To tackle these issues, a block chain-based framework for supply chain traceability and reliability in the cotton and textile industry has been developed. This innovative solution aims to create transparency and trust among supply chain participants. This solution introduces Cotton Coin (CC) for transaction tracking and utilizes smart contracts for monitoring trading and currency conversion. The Inter Planetary File System (IPFS) securely stores encrypted data of supply chain participants. The experimental results demonstrate the effectiveness of the suggested framework in comparison to existing supply chain projects. Key performance metrics, such as new block latency, transactions per minute, average gas charges, and transaction verification times, have shown significant improvements. These findings highlight the potential of this block chain-based solution to enhance supply chain transparency, security, and efficiency in the cotton and textile industry.
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