Published Paper Details:

In the present-day rapid and technology-oriented supply chain scenario, real-time inventory decision-making is a crucial element of operational effectiveness as well as competitive edge. Conventional inventory systems usually do not possess the sufficient responsiveness and precision that can accommodate the demands of today. The merger of the Internet of Things (IoT) and Blockchain technologies holds a compelling answer to this dilemma. IoT allows ongoing real-time tracking of inventory using smart sensors, RFID tags, and networked devices, enabling precise tracking of stock levels, movement, and storage conditions. In contrast, Blockchain offers a decentralized, secure, and unalterable ledger that guarantees data transparency and integrity to all supply chain partners. By merging these two technologies, companies can create smart, automated, and data-based inventory systems. This article suggests a conceptual model that uses IoT for real-time data capture and Blockchain for secure data storage and automated decision-making. The model seeks to streamline inventory operations by enhancing visibility, trust, and enabling quicker, wiser decisions along the supply chain.