CoC: Secure Supply Chain Management System Based on Public Ledger

Modern supply chain is a complex system and plays an important role for different sectors under the globalization economic integration background. Supply chain management system is proposed to handle the increasing complexity and improve the efficiency of flows of goods. It is also useful to prevent potential frauds and guarantee trade compliance. Currently, most companies maintain their own IT system for supply chain management. However, this approach has some limitations that prevent one to get most of the supply chain information. Using emerging decentralized ledger technology to build supply chain management system is a promising direction. However, decentralized ledger usually suffers from low performance and lack of capability to protect information stored on the ledger. To overcome these challenges, we propose CoC, a novel supply chain management system based on hybrid decentralized ledger. We develop an efficient block construction method with the model and security mechanism to prevent unauthorized access to data stored on the ledger.