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Proof of Concepts of Corda Blockchain Technology Applied on the Supply Chain Area

Abstract:

Currently, it is necessary a view from origin, movement, and destiny of products or goods in a supply chain system to avoid losses and risks of both time and money. Without a mechanism to synchronize data into multiple entities in a supply chain system, each entity can record its version of the data, producing errors and economic losses. In this scenario, blockchain technology has emerged as a solution for producer, buyers, sellers, suppliers, conveyors, and other entities in a supply chain system which can transact in a secured and trustworthy network that keeps synchronization in real-time. Thus, in this paper, we propose the employ of blockchain Corda as well we develop the CorDapps as a proof of concept for its use in supply chain sector. It is demostrated that Corda allows to transact in a secure way over shared data to increase efficiency, transparency and visibility. Further, it was evaluated the CorDapps benchmark performance in terms of throughput, latency, CPU and memory usage, where satisfactory results were obtained by using Corda DLT in the supply chain area.