International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 8, Issue 3 (May-June 2026) Submit your research before last 3 days of June to publish your research paper in the issue of May-June.
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Volume 8 Issue 3
May-June 2026

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Blockchain based incentive and penalty mechanism for service providers

Author(s) Mr. Ramneet Singh Chadha, Ms. Shradha Shukla
Country India
Abstract Blockchain is considered one of the most secure systems due to the use of cryptography. Here, the goal is to identify key factors that are essential for successfully implementing reward and penalty systems. The article talks about how to apply penalties and rewards based on different factors to keep the quality of service for the end customer. The article also shows that there is a lot of potential for new ideas and ways to apply them. The results show that blockchain technology can change the service processes through improved data integrity, trust development, and efficiency. The potential of this technology is mainly related to immutable ledger and smart contract features. Automated transactions reduce administrative costs and manipulations. Blockchain improves traceability and response to safety incidents. Blockchain also promotes environmental sustainability by tracking resources. It helps in humanitarian initiatives by ensuring efficient and transparent supply chain management. In addition, blockchain optimizes resource allocation by minimizing waste within inventory and distribution networks. The present report further identifies avenues for subsequent investigation, emphasizing under-researched dimensions of sustainable supply chain management.
Keywords Blockchain, Smart Contracts, Service Quality Management, Incentive Mechanism, Ethereum, Performance Evaluation, Decentralization
Field Engineering
Published In Volume 8, Issue 3, May-June 2026
Published On 2026-05-07
DOI https://doi.org/10.36948/ijfmr.2026.v08i03.77515
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E-ISSN 2582-2160
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