ABSTRACT
Trust is crucial in the supply chain for smart cities to ensure profitability. A smart city's output is sub-optimal because participants act selfishly in their own interests. This will help in building trust and achieving an effective equilibrium harder. To avoid this issue, all stakeholders must work together and coordinate properly. This will help you develop a profitable supply chain. Previously, contracting techniques were used to regulate IoT devices and nodes on the network. Parties to these systems are enticed to operate in ways that optimize supply chain profit.
However, the centralized contracting processes used are easily undermined. In addition, these contracts lack a framework for establishing confidence among supply chain partners. Also, the complexity and lack of an effective method to govern behavior keep equilibrium elusive. We create a blockchain-adaptive framework that encourages supply chain actors to cooperate to achieve equilibrium. We demonstrate how the blockchain may be used to coordinate the supply chain in complex scenarios to assure security, trust, and profit.
To ensure justice in a smart city, we create unique ways based on Game Theory models. We also use smart contracts to determine predicted payback and profit for each party. We also try to eliminate supply chain uncertainty by presenting profit-maximizing partners. The blockchain's transparency allows for the collection of data necessary to make successful decisions on the blockchain, which is useful in complicated supply chains like aviation and car production and assembly networks. Parties are so encouraged to make good choices.
