Blockchain technology could improve traceability of wood through the supply chain

Tracing products through the supply chain is a key feature for all businesses and industries; this is currently possible via automated identification systems that link a product to a database to track its progress, and through information-tracing (‘infotracing’) systems that keep accessible records of this progress. A study now introduces blockchain technology as a way to electronically trace timber as it travels from the forest to final product, using an infotracing system based on open source and Radio Frequency Identification (RFID) technology that retains records in a secure, decentralised, distributed ledger.

Source : http://ec.europa.eu/environment/integration/research/newsalert/pdf/blockchain_technology_could_improve_traceability_of_wood_through_the_supply_chain_527na1_en.pdf

Date : August 27, 2019 at 03:37PM

Tag(s) : EUROPE,Supply chain,Traceability,Wood