MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202621040432 A) filed by Dr. Dhakane Jagannath Narayan; Dr. Archana Devilal Bhaisare; Dr. Poonam Vibhute; Dr. Mahadevi Vaijnath Phad; Ms. Nilam Bachani Bharti; and Dr. Vishwas Vishwanath Deshmukh, Buldhana, Maharashtra, on March 31, for 'block chain based supply chain tracking system for enhanced transparency.'
Inventor(s) include Dr. Dhakane Jagannath Narayan; Dr. Archana Devilal Bhaisare; Dr. Poonam Vibhute; Dr. Mahadevi Vaijnath Phad; Ms. Nilam Bachani Bharti; and Dr. Vishwas Vishwanath Deshmukh.
The application for the patent was published on May 29, under issue no. 22/2026.
According to the abstract released by the Intellectual Property India: "Supply chain management plays a crucial role in ensuring the efficient movement of goods, information, and financial transactions across various stages of production and distribution. However, traditional supply chain systems often suffer from limited transparency, data fragmentation, delayed information sharing, and vulnerability to fraud and manipulation. These challenges reduce trust among stakeholders and negatively affect operational efficiency. Blockchain technology has emerged as a promising solution to address these limitations by providing a decentralized, immutable, and transparent ledger for recording supply chain transactions. This study proposes a Blockchain-Based Supply Chain Tracking System designed to enhance transparency, traceability, and accountability across supply chain networks. The system integrates blockchain technology with IoT sensors, smart contracts, and distributed data storage to monitor the movement of goods from production to final delivery. Each transaction or supply chain event is securely recorded on a blockchain ledger, enabling real-time verification and tamper-proof data management. The proposed framework improves supply chain visibility, reduces fraud risks, and strengthens trust among stakeholders including manufacturers, suppliers, logistics providers, retailers, and customers. The research demonstrates how blockchain-driven tracking systems can enhance operational efficiency and reliability in modern supply chain ecosystems."
Disclaimer: Curated by HT Syndication.
