Leveraging blockchain in chemical supply chain trading
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Kemian tekniikan korkeakoulu |
Master's thesis
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Authors
Date
2023-08-21
Department
Major/Subject
International Design Business Management
Mcode
Degree programme
Master’s Degree Programme in International Design Business Management (IDBM)
Language
en
Pages
84+2
Series
Abstract
This diploma thesis focuses on the integration of blockchain technology into supply chain trading. Real-world examples are examined to gain insights into the benefits and challenges of implementing blockchain in supply chain operations. Blockchain is a decentralized technology that utilizes cryptographic techniques and consensus mechanisms to establish a secure and transparent ledger of trans-actions. Each transaction is grouped into blocks and linked together using unique identifiers. Consensus mechanisms validate and add new blocks to the block-chain. This decentralized approach enhances data security, transparency, and immutability. The experimental work conducted in this diploma successfully implemented a digital twin and utilized cloud computing in a small-scale manufacturing facility. By integrating the Heroku cloud platform and establishing a digital twin connected to the cloud, the study demonstrated the potential for real-time monitoring, data analysis, and secure data management within the context of blockchain technology. Measurements were performed on a helical coil heat exchanger to assess its heat transfer efficiency, and a simplified 3D model was created for simulation. The simulation results were compared to the actual measured temperatures, showing a close correspondence with slightly lower temperatures consistently observed. The discussion highlights the practical benefits of digital twin and the potential integration of blockchain in the chemical engineering industry, while addressing the factors contributing to these minor deviations. These findings underscore the significance of leveraging blockchain, digital twin and cloud technologies to improve efficiency, sustainability, and safety in industrial processes. Further research and development in this area has the potential to drive significant advancements in the field of chemical engineering and manufacturing.Description
Supervisor
Jokilaakso, AriThesis advisor
Kortela, JukkaKeywords
blockchain, digital twin, industry 4.0, supply chain