Blockchain-Based Supply Chain Management System: Framework Design for Achieving Transparency and Collaboration

In today’s gradually modest universal marketplaces, effective supply chain management (SCM) is important. Using cutting-edge strategy, contains blockchain, offers more transparency and collaboration in data sharing. This paper suggested an innovative privacy preservation approach for supply chain networks utilizing blockchain technology, employing the novel Foraging Redefined Remora Optimization Algorithm (FR-ROA). The FR-ROA offers the right keys for protecting designated sensitive areas. The encrypted data and the protected key are transmitted from the manufacturer to the supplier through the blockchain network. After distribution, the original data are reconstructed utilizing the same key. The FR-ROA strategy improves search competencies without growing computational difficulty, providing a flexible balance between exploration and exploitation in optimizing supply chain security within blockchain frameworks. We executed our suggested strategy in Python software. The proposed framework is assessed based on correlation coefficient, sanitization efficiency and restoration efficiency parameters. We also performed a comparison valuation with several conventional strategies. The experimental findings illustrate its effectiveness in improving supply chain security associated with conventional strategies.