IUCF-HYU (INDUSTRY-UNIVERSITY COOPERATION FOUNDATION HANYANG UNIVERSITY) (20240273450). LOGISTICS MANAGEMENT METHOD AND APPARATUS USING BLOCKCHAIN simplified abstract

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LOGISTICS MANAGEMENT METHOD AND APPARATUS USING BLOCKCHAIN

Organization Name

IUCF-HYU (INDUSTRY-UNIVERSITY COOPERATION FOUNDATION HANYANG UNIVERSITY)

Inventor(s)

Hyun Ok Oh of Seoul (KR)

Jong Ho Kim of Seoul (KR)

Jun Hee Lee of Seoul (KR)

LOGISTICS MANAGEMENT METHOD AND APPARATUS USING BLOCKCHAIN - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240273450 titled 'LOGISTICS MANAGEMENT METHOD AND APPARATUS USING BLOCKCHAIN

Simplified Explanation

The patent application describes a logistics management method and apparatus using blockchain technology to track logistics movement paths while ensuring privacy for logistics information.

  • Generation of transaction information for registering a target unit with at least one child unit.
  • Transmission of the transaction information to a blockchain network.
  • Generation of transaction information for transferring ownership of the target unit.
  • Transmission of the ownership transfer information to the blockchain network.

Key Features and Innovation

  • Utilizes blockchain technology for tracking logistics movement paths.
  • Ensures privacy for logistics information.
  • Registers target units with child units for comprehensive tracking.
  • Facilitates ownership transfer of target units through blockchain transactions.

Potential Applications

This technology can be applied in various industries such as supply chain management, transportation, and inventory tracking.

Problems Solved

  • Ensures secure tracking of logistics movement paths.
  • Protects the privacy of sensitive logistics information.
  • Streamlines ownership transfer processes for target units.

Benefits

  • Enhanced security and privacy for logistics data.
  • Improved transparency and traceability in logistics management.
  • Efficient transfer of ownership for logistics units.

Commercial Applications

The technology can be used in logistics companies, e-commerce platforms, and manufacturing industries to optimize supply chain operations and enhance data security.

Questions about Logistics Management Using Blockchain

How does blockchain technology ensure privacy for logistics information?

Blockchain technology encrypts and securely stores transaction information, ensuring that only authorized parties can access sensitive logistics data.

What are the potential benefits of using blockchain for logistics management?

The use of blockchain technology in logistics management can lead to increased transparency, improved data security, and streamlined processes for tracking and transferring ownership of logistics units.


Original Abstract Submitted

disclosed is a logistics management method and apparatus using a blockchain, in which a logistics movement path can be tracked while privacy for logistics information is ensured. the disclosed logistics management method using a blockchain includes generating first transaction information for registration of a target unit including at least one child unit, transmitting the first transaction information to a blockchain network, generating second transaction information according to transfer of ownership of the target unit, and transmitting the second transaction information to the blockchain network.