• Aarzu Sheikh
• Ayesha Ali
• Iqra Khan
• Zahera Ismail
• Syed Rehan

The logistics industry is the backbone of all businesses across the globe. While companies have started experimenting with enterprise software and systems based on technology, businesses have started seeing the advantages that blockchain brings in logistics. It can prevent frauds, eliminate inaccuracies, increase data security and transparency, improve efficiency, and reduce expenditure. In order to protect the information of the consignment occurred, it has adopted the “ key cryptography ” method. Each transaction has two different keys, private key which is the exclusive property of each active user used to unlock the deal and the other public key like any information or value. These two keys allow to encrypt and decrypt the transaction. When the transaction between the two parties is initiated a smart deal is established. After the transaction is completed a block is generated. A block is an object which encompasses the hash key, data and hash key of the previous block. Data consist of the information of consignment with respect to timestamp and it will be distributed on the decentralized network. The hash key for the current block is generated using the timestamp and data. After that, transactions are collected in an updated version of the ledger, called block. This newly generated block is added to the existing blockchain

Blockchain, Decentralized system, Distributed ledger.

"Implementing Blockchain Technology in Logistics", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.139-143, May-2019, Available :http://www.jetir.org/papers/JETIRBV06027.pdf

"Implementing Blockchain Technology in Logistics", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp139-143, May-2019, Available at : http://www.jetir.org/papers/JETIRBV06027.pdf