An Innovative Blockchain-Based Secured Logistics Management Architecture: Utilizing an RSA Asymmetric Encryption Method

Purpose: The recent development in logistics due to the dawn of Logistics 4.0 has made global logistics providers more dependent on intelligent technologies. In this era, these technologies assist in data collection and transmission of logistical data and pose many security and privacy threats in logistics management systems. The customer’s private information, which is shared among the logistics stakeholders for optimal operation, faces unauthorized access due to a lack of privacy. This, amongst others, is a critical problem that needs to be addressed with blockchain. Blockchain is a disruptive technology that is transforming different sectors, and it has the potential to provide a solution to the issues mentioned above, with its unique features such as immutability, transparency, and anonymity. Method: This study designed a blockchain-based logistics management architecture on a decentralized peer-2-peer network using Ethereum smart contracts. The proposed system deployed the Rivest–Shamir–Adleman (RSA) asymmetric encryption method to protect the logistics system from cyber-attacks and secure customers’ private information from unauthorized access. Findings: Furthermore, the security and privacy of the proposed system are evaluated based on the theorem. The proof shows that the system can provide security to the logistics system and privacy to customers’ private data. The performance evaluation is based on throughput and latency. It shows that the proposed system is better than the baseline system, and the comparatives analysis shows that the proposed system is more secure and efficient than the existing systems. Implication and Limitation: The proposed system offers a better solution to the security/privacy of the logistics management system and provides recommendations to key stakeholders involved in the logistics industry while adopting blockchain technology. Apart from the study’s methodological limitation, it is also limited by a lack of reference materials.