Bank of America Corporation
BLOCKCHAIN AUGMENTED INTERNET OF THINGS ("IOT") DEVICE-BASED SYSTEM FOR DYNAMIC SUPPLY CHAIN TRACKING

Abstract:

Systems and methods for dynamic supply chain product tracking are provided. The method may include embedding IoT devices across a multi-stage supply chain. The method may include computing, via the IoT devices, a value impact of each stage of the multi-stage supply chain process. The method may also include transmitting, via the IoT devices, each value impact of a stage to blockchain database host systems. The method may also include constructing, via each of the blockchain database host systems, a new linked data block for each value impact of a stage. The method may also include computing a real value of the end product based on the linked data blocks in the blockchain database host systems.