Blockchain Technologies in the Paper Industry and Performance Analysis

Abstract

Blockchain is the technology which consists of a chain of blocks that store the necessary information including digital signatures with a validation process in a decentralized and distributed type of network. Immutability, transparency and auditability, make the transactions more secure and tamper proof. In Bangladesh if the paper industries use the block chain technology, then their production and transparency will be very high. Blockchain technology can effectively record every asset throughout its flow on the supply chain, contribute to tracking orders, receipts, and payments. In this paper, data is collected from a large paper industry in Bangladesh and also from online databases for comparison. A qualitative thematic analysis has been performed in accordance with the investigative processes that are developed by Creswell. We evaluated the impact of the most influential design and parameters (load) on the resulting commitment. For analyzing the performance of the model, Markovian Non-purging fork join queueing model is used. Finally, the model is studied by the real word data and to show its functionality.