MUMBAI, India, Oct. 12 -- Intellectual Property India has published a patent application (202641119078 A) filed by Rathinam Global Deemed To Be University on October 05, 2026, for Blockchain-Based Secure Digital Commerce And Intelligent Supply Chain Engineering Device.
Inventors include Dr. T. M. Hemalatha; Dr. M. Sivaramkrishnan; Dr. G. Arutgeevitha; Dr. B. Geethpriya; Dr. G. Kowsalya; Dr. B. Bushara; Ms. P. Girija; Ms. V. Priyanka; Mr. P. Sasikumar; Dr Krishnaraj C; Mrs. K. Jaya Sowmiya; Ms. G. Revathi; Ms. A. Shobika; and Dr. K. P. V Sabareesh.
The application for the patent was published on October 09, 2026, under issue no. 41/2026.
Abstract: Blockchain-Based Secure Digital Commerce and Intelligent Supply Chain Engineering Device Abstract: A blockchain-based supply chain management system is a novel strategy that leverages blockchain technology to increase supply chain effectiveness, transparency, and trust. It provides a decentralised, secure platform for product monitoring and tracing, transaction verification, and information recording among different supply chain network participants. A blockchain is a decentralised, distributed digital ledger that keeps track of transactions across several computers, or nodes. Building a chain of blocks with transactional data ensures transparency, immutability, and security. The coordination and administration of numerous processes, activities, and resources involved in the manufacture, distribution, and delivery of goods or services from suppliers to ultimate customers is known as supply chain management. The capacity to clearly and openly monitor and trace the movement of goods and information throughout the supply chain is known as transparency. It guaranties that correct and up-to-date data is available to stakeholders. Streamlining procedures, reducing waste, increasing productivity, and optimising operations to achieve cheaper costs and quicker delivery times are all components of supply chain management efficiency. Blockchain technology provides real-time information across the whole supply chain, allowing stakeholders to track and trace goods from their point of origin to their final destination. Blockchain (BC) is a technology that can effectively and transparently handle data and foster trust. Additionally, it can help with supply chain transaction authorisation and verification as well as third-party-free payments.
Disclaimer: Curated by HT Syndication.
