Blockchain verifies transactions by recording activity on a continuously synced digital ledger, with no central point of control. Learn how this technology can transform your supply chain.
Here’s how an electronics company could employ blockchain to track a raw material used in their smartphones.
Explore the use case below.
Now that you’re familiar with core concepts of blockchain, carefully consider whether the technology is right for your supply chain. If you’ve determined it is, get started with this simple checklist:
At this initial stage, the company sources raw materials that will be used in the final product. Vetted workers upload the data to the blockchain, helping to ensure best practices are followed and providing stakeholders with the assurance that the company’s claims are legitimate.
After the manufacture of the smartphone components, the electronics company ships them to another region for assembly. By inputting the location of the components at every stage of this journey, stakeholders can trace the parts with reliability and ease.
At this stage, the company uses the raw material to manufacture a component that will help power the final product—a smartphone. Here, blockchain helps ensure safe, compliant manufacturing processes and seamlessly connects the manufacturer to the third-party shipping provider at the next stage.
After assembly and packaging, boxes of smartphones are distributed to retail locations for purchase by consumers. The company uses blockchain technology to enhance the customer experience and create better efficiency in crucial post-sale processes.
Once the components are inspected after unloading, they’re moved to the assembly facility, where they’re inserted into smartphones for final sale to consumers. Here, blockchain is used to ensure optimal product quality and safety.