In the digital age, the authenticity and security of information have become essential circumstances for businesses. Digital databases, e-commerce, official messages, and transparent supply chains are data that needs to be protected and authenticated. In addition to the usual methods of protection, encryption, and firewalls, the technology of distributed ledger, or blockchain, has spread recently.
Data in the blockchain is not stored on the same server, but recorded in several nodes at once, and the system regularly checks the similarity of nodes. Thus, blockchain notifies the exact order of events and does not allow to change or erase data.
Blockchain Acts as a Verifier
Blockchain protects information more reliable than any technology and accurately records the time of recording and its authenticity. The distributed network remains stable even if some servers fail or attacked. The process of consensus will restore the correct data and show all changes.
Thus, to ensure the traceability of supply chains
, all movements and changes in raw materials and ready-made products are recorded to the blockchain. In practice, comprehensive supply chains are opaque and imperfect, and therefore poorly managed. The use of blockchain and notarized traceability provides all participants in the chain with trusted data and brings together supply cycles, even fragmented, complex, and geographically separated.
FCE PRORID: Blockchain Tool for Business
To provide businesses with a tool for using blockchain in supply chains, FCE creates PRORID. This service notarizes all the events during the creation and distribution of goods. It authenticates products and monitors it beginning with the raw materials to the final purchase. All information is verified, and users can check it through FOODSCAN
. FCE tools provide interface for monitoring the status of the product, expiration dates, storage conditions, certificates, etc. Thanks to blockchain notarization, the supply chain becomes transparent and manageable. Losses, counterfeiting, and decreased quality of goods become impossible when each step is reported and recorded. Each occurrence becomes investigated quickly, and the recall of substandard goods is instantaneous.
In addition to internal traceability and efficiency, the company can demonstrate the value of its products. The methods of production, extraction, farming, transportation, and storage conditions, etc. are recorded in the ledger and fall under the protection of the blockchain.
is the interface for making records in the blockchain. The recording chain shows the history, origin, composition of the product, its purpose, and the requirements for distribution. PRORID is an easily integrated tool that easily connects to the company's IT systems or auditing databases. Blockchain records through PRORID can be open or encrypted and available to a limited number of employees.
Information that requires records in the blockchain is often associated with the events of the real world. It is also crucial to make the digitization process of this data reliable. To do this, FCE has developed the Platform that automates the recording of data into the blockchain. Instead of operators, uniquely designed Internet of Things sensors track product movements, measure the state of the environment, and send real-time data to the blockchain.
For illustration, FCE IoT sensor for a smart warehouse measures the temperature, humidity, and CO2 on the premises, and records the received measurements in the blockchain every hour. If indicators are irregular, the system notifies employees to review the location instantly.
In addition to the environment, FCE IoT sensors monitor the number of goods in stock. Sensors read packages of products with RFID tags and enter the arrival and shipments in the ledger of records.
In addition to smart warehouses, sensors are used in shipping containers, shops, cash registers, checkouts, and manufacturing. FCE IoT Sensors are the flexible solution for business of any scale. Every supply chain digital data flow can be automatized with FCE Platform
To meet today's requirements, companies must improve the manageability and transparency of supply chains. In addition to improving inventory management accuracy, the traceability of supply chains is the basis for forecasting and algorithms that provide optimal solutions. Digitizing supply chains is a necessary solution to stay efficient, and the first step towards a complete digital transformation
of the business.