Decentralized Autonomous Organizations (DAOs) are self-governing entities operating on blockchain technology. They use smart contracts to automate decision-making, governance, and resource allocation, enabling participants to collectively manage and control the organization's activities without a centralized authority. DAOs aim to create transparent, democratic, and trustless systems for various applications, including finance, governance, and community projects.
Published in Chapter:
Security and Privacy Challenges in Blockchain-Based Supply Chain Management: A Comprehensive Analysis
Tarun Kumar Vashishth (IIMT University, India),
Vikas Sharma (IIMT University, India),
Kewal Krishan Sharma (IIMT University, India),
Bhupendra Kumar (IIMT University, India),
Sachin Chaudhary (IIMT University, India), and
Rajneesh Panwar (IIMT University, India)
Copyright: © 2024
|Pages: 22
DOI: 10.4018/979-8-3693-0482-2.ch005
Abstract
Blockchain technology has gained significant attention for its potential to enhance transparency, trust, and efficiency in supply chain operations. However, the adoption of blockchain in supply chains also introduces various security and privacy concerns that need to be addressed to ensure the integrity and confidentiality of sensitive information. This chapter examines these challenges, explores their implications, and discusses potential solutions to mitigate risks. The chapter begins by identifying the key security challenges associated with blockchain-based supply chain management. It delves into issues such as data tampering, malicious attacks on the blockchain network, vulnerabilities in smart contracts, and the risk of unauthorized access to sensitive supply chain data. Moreover, it highlights the privacy challenges, including the exposure of personally identifiable information (PII), the potential for data leakage, and the difficulty in achieving selective disclosure of information in a transparent blockchain environment.