Private Blockchain-based Procurement and Asset Management System with QR Code

  • Alonel A. Hugo AMA University, Philippines
  • Gerard Nathaniel C. Ngo AMA University, Philippines

Abstract

Purpose – The study aims to incorporate private Blockchain technology in the procurement process for the supply office. The procurement process includes the canvassing, purchasing, delivery, and inspection of items, inventory, and disposal. The Blockchain-based system includes a distributed ledger technology, peer-to-peer network, Proof-of-Authority consensus mechanism, and SHA3-512 cryptographic hash function algorithm. This will ensure trust and proper accountability to the custodian of the property while safeguarding sensitive information in the procurement records.

Method – The extreme prototyping model will be used as a software development life cycle. It is mostly used for web-based applications and has increased user involvement.  The prototype version of the system allows the users to get a better understanding of the system being developed. It also reduces time and cost, has quicker user feedback, missing and difficult functions can be recognized, and confusing processes can be addressed at an early stage.

Conclusion – The implementation of a private Blockchain technology has increased privacy, enhanced security, improved efficiency, and reduced complexity over traditional Blockchain networks. The use of SHA3-512 as a cryptographic hash function algorithm is much faster than its predecessors when cryptography is handled by hardware components. Furthermore, it is not vulnerable to length extension attacks making it reliable in terms of security of data.

Recommendations – The study recommends the use of private Blockchain-based technology with the procurement and asset management system in the supply office. The procurement records will be protected against tampering using this technology. This will promote the trust and confidence of the stakeholders.

Practical Implications – The implementation of Blockchain technology in developing a system served as advancement and innovation in terms of securing data.

Author Biographies

Alonel A. Hugo, AMA University, Philippines

Alonel A. Hugo is a candidate for the degree in Master of Science in Computer Science with a specialization in Computer Science Theory at the School of Graduate Studies, AMA University, Philippines. He obtained his degree in Bachelor of Science in Computer Science at Cavite State University – Carmona Campus, Philippines in 2011. On the same campus, he has worked as a faculty member under the Department of Industrial and Information Technology handling the BSCS program since 2013. He also serves as the adviser of the Young Programmers and Developers Society (YPADS), a student organization for BSCS students. He has been a member of the Philippine Computer Society (PCS) and Computing Society of the Philippines (CSP) since 2023, both professional organizations for computing researchers and educators in the Philippines.

Gerard Nathaniel C. Ngo, AMA University, Philippines

Dr. Gerard Nathaniel C. Ngo is an experienced IT professional with in-depth knowledge of technology. He is a graduate of Doctor in Information Technology at the School of Graduate Studies, AMA University, Philippines. In the same school, he obtained his degree in Master of Science in Computer Science in 2015. He took his degree in Bachelor of Science in Computer Science at AMA – Caloocan Campus in 2011. He is currently working as the Head of International Partnerships in the business development unit under ACAD affairs of AMA University, Philippines. Aside from the full-time job, he conducts seminars, trainings, software development projects, network deployment and maintenance, and consultancy in both network and security aspects. He has professional certification in Cisco, AWS, and CompTIA.

Published
2024-07-12
How to Cite
HUGO, Alonel A.; NGO, Gerard Nathaniel C.. Private Blockchain-based Procurement and Asset Management System with QR Code. International Journal of Computing Sciences Research, [S.l.], v. 8, p. 2971-2983, july 2024. ISSN 2546-115X. Available at: <//stepacademic.net/ijcsr/article/view/508>. Date accessed: 09 oct. 2024.
Section
Articles