Application of edge computing and IoT technology in supply chain finance

This study proposes an IoT data management framework based on blockchain and edge computing and conducts detailed simulation experiment design and performance evaluation for the field of supply chain finance. Previous methods often struggled with high latency, limited scalability, and inadequate risk management, and to address these issues, the experimental platform includes traditional centralized systems, distributed systems, blockchain-based systems, and edge computing + blockchain systems. By monitoring indicators such as data processing delay, data transmission delay, data retrieval time, system throughput, and data integrity of each platform, and introducing evaluation formulas for credit risk, operational risk, and market risk, the performance of different systems in processing supply chain financial data is comprehensively analyzed. The experimental results show that the edge computing + blockchain system performs well in data processing efficiency, security, real-time, and system throughput, especially under high load conditions. Our market risk value is reduced to 0.015. This framework improves the efficiency and security of data transmission and effectively reduces credit risk and operational risk, providing an efficient and reliable solution for data management in supply chain finance.

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Publication Details

Journal
Alexandria Engineering Journal
Published
2024-09-20
DOI
https://doi.org/10.1016/j.aej.2024.09.016
Citations
13
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
10.13
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article

Application of edge computing and IoT technology in supply chain finance

Baoli Lu, Yuanxing Yin, Huan Wang, Xinyu Wang
13 citations
Alexandria Engineering Journal
Blockchain Technology Applications and Security
10.13
article

Application of edge computing and IoT technology in supply chain finance

Baoli Lu, Yuanxing Yin, Huan Wang, Xinyu Wang
article en
13 citations

Abstract

This study proposes an IoT data management framework based on blockchain and edge computing and conducts detailed simulation experiment design and performance evaluation for the field of supply chain finance. Previous methods often struggled with high latency, limited scalability, and inadequate risk management, and to address these issues, the experimental platform includes traditional centralized systems, distributed systems, blockchain-based systems, and edge computing + blockchain systems. By monitoring indicators such as data processing delay, data transmission delay, data retrieval time, system throughput, and data integrity of each platform, and introducing evaluation formulas for credit risk, operational risk, and market risk, the performance of different systems in processing supply chain financial data is comprehensively analyzed. The experimental results show that the edge computing + blockchain system performs well in data processing efficiency, security, real-time, and system throughput, especially under high load conditions. Our market risk value is reduced to 0.015. This framework improves the efficiency and security of data transmission and effectively reduces credit risk and operational risk, providing an efficient and reliable solution for data management in supply chain finance.

Alexandria Engineering JournalVol. 108
Hubei University of Automotive Technology (CN), Institute of Semiconductors (CN)
Openalex Percentile: Top 2%
Blockchain Technology Applications and Security
10.13
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