TOPICS

 

The Blockchain
applied to companies

Blockchain for traceability
of products and raw materials

The blockchain applied to the traceability of products, raw materials, manufacturing processes in the production supply chains will significantly change the way in which information is shared between companies in the coming years, ensuring flexibility and security in transactions.

A blockchain can be defined as a family of technologies in which the register is structured as a chain of blocks containing transactions and whose validation is performed by a consent mechanism, distributed on all the network hubs in the case of public blockchains or on all the hubs that are authorized for the validation process of transactions to be included in the register in the case of private blockchains. The main features of blockchain technology are the unchangeable register, transparency, transaction traceability and security based on encrypted techniques.

The blockchain allows to manage a database in a widespread way, from an operative point of view it is a valid alternative to centralized archives and it allows to manage the updating of data with the cooperation of the network partners and with the possibility to have unchangeable data, which are shared, accessible and delivered to all partners. This allows data management in terms of audit and approval without the need for a head office. We can define the blockchain as a new generation of the Internet or even better an Internet of transactions with a new concept of trust. This is why the blockchain must be considered as a digital platform that allows the development of a new form of social relationship, and which, thanks to everyone's contribution, is able to guarantee the possibility to verify, to control, to have total visibility on acts and decisions, which are recorded in archives that are unchangeable and therefore immune from any corruption.

In short, the blockchain is a large database for the management of encrypted transactions on a decentralized network that allows to redefine and reset the way data, information and therefore value are created and retrieved. We can say that Blockchain provides the ability to do with transactions what the Internet has done with information through a process that combines deployed systems and advanced encryption.

Being always much focused on the development of new technologies in the field of tracking and traceability, Fasthink has created a business unit for the development of blockchain solutions for tracking and tracing materials in logistics and manufacturing applications, supporting companies in the technological integration. Thanks to the CONNECT middleware platform, it is possible to create a unique combination in the development of blockchain solutions where each company can guarantee blockchain expertise and at the same time select and supply its customers with the most suitable Auto-ID technologies and IoT devices, making the data acquisition and integration process smoother, more flexible and faster.

FEATURES AND BENEFITS

  • Decentralisation
  • Transparency
  • Security
  • Immutability
  • Consent
  • Responsibility
  • Programmability