Anaka, R.E. Vehicle Supply Chain Recall Management and Fraud Prevention Using Blockchain. Preprints2024, 2024020457. https://doi.org/10.20944/preprints202402.0457.v1
APA Style
Anaka, R.E. (2024). Vehicle Supply Chain Recall Management and Fraud Prevention Using Blockchain. Preprints. https://doi.org/10.20944/preprints202402.0457.v1
Chicago/Turabian Style
Anaka, R.E. 2024 "Vehicle Supply Chain Recall Management and Fraud Prevention Using Blockchain" Preprints. https://doi.org/10.20944/preprints202402.0457.v1
Abstract
The automobile industry is undergoing technological advancement, which includes breakthroughs such as hybrid cars, electric vehicles (EVs), and self-driving capabilities. However, despite these advances, issues remain, notably in recall management efficiency, security and risk of fraud. To solve these difficulties, the idea of Industry 4.0 has been adopted, which uses technologies such as sensors, IOT’s, and machine learning. Even this technology still has loopholes in the area of security which has been exploited negatively over time. In other to mitigate these loopholes we introduce Blockchain technology as a viable alternative, providing a safe and transparent environment. This study investigates and proposed the use of blockchain to create an enhanced Vehicle Tracking System (VTS) intended at enhancing recall management and reducing fraud in the automobile sector. The proposed solution was discussed in detail and a mock smart contract was also written, which was deployed on the Ethereum Virtual Machine (EVM).
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
