MUMBAI, India, Oct. 12 -- Intellectual Property India has published a patent application (202641119586 A) filed by Rathinam Global Deemed To Be University on October 06, 2026, for Blockchain-Integrated Digital Commerce Transaction And Secure Engineering Supply Chain Management System.
Inventors include Mr. P. Sasikumar; Mrs. K. Jaya Sowmiya; Ms. G. Revathi; Ms. A. Shobika; Dr. T. M. Hemalatha; Dr. M. Sivaramkrishnan; Dr. G. Arutgeevitha; Dr. B. Geethpriya; Dr. G. Kowsalya; Dr Krishnaraj C; Dr. B. Bushara; Ms. P. Girija; Ms. V. Priyanka; and Dr. V. T. Dhanaraj.
The application for the patent was published on October 09, 2026, under issue no. 41/2026.
Abstract: Blockchain-Integrated Digital Commerce Transaction and Secure Engineering Supply Chain Management System ABSTRACT A digital platform called the Blockchain-Integrated Digital Commerce Transaction and Secure Engineering Supply Chain Management System is intended to enhance the security, traceability, transparency, and dependability of transactions in engineering supply chains. Manufacturers, suppliers, distributors, logistics companies, retailers, and consumers are all involved in the modern engineering industry. Issues including data manipulation, counterfeit goods, delayed verification, lack of transparency, unauthorised access, and trouble tracking goods from their point of origin to their destination might arise from the vast number of participants and transactions. By combining blockchain technology with supply chain management and digital commerce, the suggested method tackles these issues. Authorised participants can record and validate transaction information in a distributed, tamper-resistant ledger provided by blockchain. It is easier to track the flow of engineering products, components, materials, and related documents along the supply chain when each transaction is linked to a distinct digital record. Order confirmation, payment processing, delivery verification, and supplier certification are examples of specified business conditions that can be automated with smart contracts. This minimises human mistake and delays and lessens the need for manual verification. The goal of the suggested solution is to provide a reliable link between engineering supply chain operations and digital commerce. The solution can increase supply chain accountability and visibility by integrating blockchain, smart contracts, secure authentication, and digital transaction management. Additionally, it can facilitate better record management, quicker verification, and enhanced product traceability.
Disclaimer: Curated by HT Syndication.
