Blockchain and its applications

The past decade has witnessed a surge in innovation across industries, propelled by the emergence of Web3, primarily powered by blockchain technology. Given its immutability, blockchain technology proves ideal for a wide range of applications, including supply chain management. Amidst the rapid expa...

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Main Author: Gao, Siyu
Other Authors: Chua Hock Chuan
Format: Final Year Project
Language:English
Published: Nanyang Technological University 2024
Subjects:
Online Access:https://hdl.handle.net/10356/177218
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1772182024-05-31T15:44:00Z Blockchain and its applications Gao, Siyu Chua Hock Chuan School of Electrical and Electronic Engineering EHCHUA@ntu.edu.sg Computer and Information Science Engineering Engineering The past decade has witnessed a surge in innovation across industries, propelled by the emergence of Web3, primarily powered by blockchain technology. Given its immutability, blockchain technology proves ideal for a wide range of applications, including supply chain management. Amidst the rapid expansion of the e-commerce industry, counterfeits emerge as a significant threat to brands by causing revenue losses and damage to reputations, ultimately weakening trust between businesses and consumers. Therefore, there is a need for a robust and secure solution to eliminate counterfeits and the effects they could bring. The objective of this project is to address these challenges by leveraging blockchain technology to develop a decentralized application (dApp) for validating authentic products. A mobile application is developed to cover the entire supply chain lifecycle, spanning from manufacturers to wholesalers, retailers, and ultimately to consumers. Upon manufacturing, each product undergoes tokenization by receiving a unique token ID for on-chain identification. This unique token ID and its product information are stored within an encrypted QR code affixed to the product. We have developed a decentralised mobile application capable of enabling users to perform peer to-peer ownership transfers seamlessly. Upon achieving consensus, our platform empowers users to tokenize physical products by minting unique tokens for each item. These tokens are permanently recorded on the blockchain, ensuring immutable proof of ownership. Additionally, users are able to check the transaction history associated with each token they own. Through the utilization of blockchain technology, our primary objective of creating a transparent, traceable, and reliable ecosystem that supports secure ownership management of physical products has been achieved. Bachelor's degree 2024-05-27T01:26:00Z 2024-05-27T01:26:00Z 2024 Final Year Project (FYP) Gao, S. (2024). Blockchain and its applications. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/177218 https://hdl.handle.net/10356/177218 en A3049-231 application/pdf Nanyang Technological University
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Computer and Information Science
Engineering
Engineering
spellingShingle Computer and Information Science
Engineering
Engineering
Gao, Siyu
Blockchain and its applications
description The past decade has witnessed a surge in innovation across industries, propelled by the emergence of Web3, primarily powered by blockchain technology. Given its immutability, blockchain technology proves ideal for a wide range of applications, including supply chain management. Amidst the rapid expansion of the e-commerce industry, counterfeits emerge as a significant threat to brands by causing revenue losses and damage to reputations, ultimately weakening trust between businesses and consumers. Therefore, there is a need for a robust and secure solution to eliminate counterfeits and the effects they could bring. The objective of this project is to address these challenges by leveraging blockchain technology to develop a decentralized application (dApp) for validating authentic products. A mobile application is developed to cover the entire supply chain lifecycle, spanning from manufacturers to wholesalers, retailers, and ultimately to consumers. Upon manufacturing, each product undergoes tokenization by receiving a unique token ID for on-chain identification. This unique token ID and its product information are stored within an encrypted QR code affixed to the product. We have developed a decentralised mobile application capable of enabling users to perform peer to-peer ownership transfers seamlessly. Upon achieving consensus, our platform empowers users to tokenize physical products by minting unique tokens for each item. These tokens are permanently recorded on the blockchain, ensuring immutable proof of ownership. Additionally, users are able to check the transaction history associated with each token they own. Through the utilization of blockchain technology, our primary objective of creating a transparent, traceable, and reliable ecosystem that supports secure ownership management of physical products has been achieved.
author2 Chua Hock Chuan
author_facet Chua Hock Chuan
Gao, Siyu
format Final Year Project
author Gao, Siyu
author_sort Gao, Siyu
title Blockchain and its applications
title_short Blockchain and its applications
title_full Blockchain and its applications
title_fullStr Blockchain and its applications
title_full_unstemmed Blockchain and its applications
title_sort blockchain and its applications
publisher Nanyang Technological University
publishDate 2024
url https://hdl.handle.net/10356/177218
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