Logistics and Supply Chain MultiTech R&D Centre Limited (20240333509). Blockchain-Based Traceability System and Method simplified abstract
Contents
Blockchain-Based Traceability System and Method
Organization Name
Logistics and Supply Chain MultiTech R&D Centre Limited
Inventor(s)
Chung Dak Shum of Hong Kong (HK)
Blockchain-Based Traceability System and Method - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240333509 titled 'Blockchain-Based Traceability System and Method
Simplified Explanation: The patent application describes a computer-implemented method for providing a blockchain-based traceability service. This method involves generating proofs for secrets associated with parameters for a traceable item, encrypting data based on public keys, uploading the encrypted data to the blockchain, verifying the uploaded proofs, and storing verified data in the blockchain.
Key Features and Innovation:
- Generation of proofs for secrets associated with parameters for traceable items
- Encryption of data based on public keys
- Uploading encrypted data, identifiers, hash values, and proofs to the blockchain
- Verification of uploaded proofs
- Storage of verified data in the blockchain
Potential Applications: The technology can be applied in supply chain management, product authentication, anti-counterfeiting measures, and data integrity verification.
Problems Solved: This technology addresses issues related to data tampering, counterfeiting, and lack of transparency in supply chains.
Benefits:
- Enhanced traceability and transparency in supply chains
- Improved product authentication and anti-counterfeiting measures
- Increased data integrity and security
Commercial Applications: The technology can be utilized by companies in various industries such as pharmaceuticals, food and beverage, luxury goods, and electronics for supply chain management and product authentication.
Prior Art: Prior art related to this technology may include research on blockchain-based traceability solutions, data encryption methods, and supply chain management systems.
Frequently Updated Research: Researchers are constantly exploring new ways to enhance blockchain-based traceability services, improve data encryption techniques, and optimize supply chain management processes.
Questions about blockchain-based traceability services: 1. How does blockchain technology ensure data integrity and transparency in supply chains? 2. What are the key challenges in implementing blockchain-based traceability services in real-world applications?
Original Abstract Submitted
provided is a computer implemented method of providing a blockchain based traceability service. the method comprises, for each secret from a set of secrets associated with respective ones of a set of parameters for a traceable item, generating a proof to provide a set of proofs. the method includes generating a ciphertext based on a public data encryption key from a set of public data encryption keys associated with said parameters for the traceable item, and information of said traceable item. the preceding step is repeated for each pair of identifier and public data encryption key. the method involves uploading to the blockchain the generated ciphertext, the respective identifier, a hash value of the respective secret, and the respective proof for each parameter of the traceable item, verifying in the blockchain the set of uploaded proofs, and storing verified data in the blockchain.
