SBT Enterprise Blockchain Use-Case
Radio-Frequency Identification (RFID)
SBT’s RFID Blockchain solution is designed to provide its enterprise clients and their supply-chain partners a system to closely manage their complex manufacturing, distribution, and management of goods. The SBT RFID tracking and customizable data analytics work together to establish certifiable chains of custody and trust within traditionally opaque industries.
RFID is a mature tracing technology that provides automated physical-to-digital material, product, and location tracking data. When this information is incorporated into the SBT Blockchain system, the entire lifecycle of all products and goods are appended into an immutable record chain, establishing a trusted system where complete data integrity can finally be achieved.
The SBT system will provide greater transparency and integrity for all industry stakeholders.
- Establish Product Provenance / Origin
- Track through Processing & Distribution Chain
- Assist with Lifespan Performance & Maintenance
- Enable Efficient Recall Efforts
- Facilitate End-of-Life Recycling
SBT’s RFID Blockchain solution can be leveraged at all stages of a product’s lifecycle:
Product Origin & Provenance
- Where do the raw materials come from?
- What state or country did vegetables / fish / chicken come from?
- Does that source utilize genetic engineering, pesticides, or dangerous chemicals?
- Where was this baby formula or dog food made?
- Is this painting authentic?
- Is this diamond from a conflict-free zone?
As much as the Internet has enabled us to acquire all manner of product knowledge, consumers are still largely in the dark as to the true source of the products we buy and the foods we consume. And for a variety of compliance, cost, political, and liability reasons, manufacturers are equally vested to accurately document the origins of the products or core components of their goods.
Companies can reduce risk and protect brand reputation by proving the provenance, and therefore the authenticity of their goods and any corresponding attributes linked to its source.
Processing & Distribution Logistics
The quality and integrity of any product — whether it’s a precious stone, luxury purse, or food — can be negatively impacted as it passes through the hands of disparate processing and distribution vendors, before it finally arrives in a customer’s hands.
RFID tags can be attached to each good and automatically record a timestamped and location event at every transfer or distribution point. Instead of workers manually inspecting and recording the goods, RFID sensors can automate the input of this tracking data.
Existing systems store data in multiple environments without full knowledge of the reliability of that information. Reporting and analysis of data is therefore stunted, and is even further handicapped by the large investments required to merge disparate data into a consistent and centralized facility.
SBT’s solution resolves these issues by leveraging Blockchain technology, established RFID infrastructures, and adding customizable audit capabilities to isolate improper or inefficient anomalies in any segment of a product’s lifecycle:
- Information can be inexpensively and reliably input through a standardized and shared blockchain interface.
- When or if established outside 3rd-party distributed-ledger systems exist, they are incorporated into the SBT blockchain without any change or disruption to current systems or operations.
- Providing out-of-the-box distributed applications (DApps) and an open API, allows actors involved in a product lifecycle to participate while investing very little time and resources.
- Increasing the simplicity of providing data, results in more data becoming available. This leads to better insights into segments of a lifecycle that previously may have had inconsistent, unreliable, or even absent data.
- A mesh-like distributed-ledger Blockchain network further decreases the cost to interface with the system, and decreases the possibility of data being lost during transfer.
- Utilizing Blockchain technology as the data foundation prevents the accidental as well as intentional corruption of information.
- Custom SBT data processing applications link a product’s components, materials, locations, partner, supplier, transfers, assembly, packaging, inspection, defect, distribution, cost, payment, purchase, delivery, and any other information. The end result is a full history of anything concerning any component of or entity involved in a product can be fully analyzed.
- Fraudulent, non-compliant, and sub-standard participants or steps within a product lifecycle can be immediately identified and flagged.
- Multiple solutions to improve cost, reliability, and productivity can easily be analyzed, compared, and quantified.
- Providing custom APIs to interface with any 3rd-party data analytics or ERP system allow SBT customers to extend their analytic capabilities into any facet of their operations, and develop proprietary business intelligence to differentiate them within their industry.
Blockchain can also benefit the tracking of internal manufacturing steps for any complex, multi-part good such as automobiles or planes.
- Validate certificates for parts & materials from suppliers
- RoHS compliance
- Product certification conformance (EPEAT, HIGG Index)
Product Life Performance, Safety, & Maintenance
The benefits of tracking (RFID) and recording (Blockchain) a good’s origin and journey doesn’t end when the product finally arrives in the consumer’s hands. As we all know, products can be defective (recalls), unsafe (food outbreak), and also require maintenance and upkeep for its lifespan.
Linking the product back to exactly where and when it came from has always been a significant challenge — and consumers, distributors, and manufacturers are increasingly aware of damage and liability if something goes wrong.
RFID and Blockchain benefit the Usage stage of the Product Lifecycle by enabling rapid retrievable accountability data in the system.
- The root location, possible cause, and remedy of a food outbreak can be immediately identified
- Car parts can be tied back to its root supplier in the event of a defect
- Close knowledge of deployed goods or parts can facilitate efficient supply of required maintenance components
Facilitate End of Life Recycling
Promote Investments into Disposal Infrastructure
RFID can enable an automated waste management system by tracking and validating recyclables into a disposal plant, and Blockchain can record the transaction and execute Smart Contract micro-payments to consumers.
The final voluntary or mandated recovery of products such as:
- Electronics (batteries, fluorescent lamps, computers)
- Tires, mattresses, carpeting
- Chemicals or other hazardous products
… can all be automated and operated inexpensively. Given participation by other ecosystem / consortium members (Upstream RFID tags, Blockchain establishment), the recycling vendor can establish a scalable product EOL service with modest IT investments in RFID read / scanners, and network access to interface and upload transaction data to the Blockchain.
The Blockchain can then execute Smart Contracts to:
- Trigger pickup / processing of collected recyclables
- Produce post-transaction settlement invoicing
- Initiate cashless micro-payments to consumers, reinforcing trust in the collections / payment process, further incentivizing recycling efforts
SBT RFID Blockchain Solution Benefits:
- Transactions are processed directly P2P with fewer intermediaries
- Ledgers are automatically synchronized / updated across participant nodes
- Both Buy/Sell sides of the transaction are executed simultaneously
Secure – Transparent – Immutable
- Encrypted access to permissioned network
- Integrity of transaction blocks ensured by digital signature hash functions. The hashed value of a previous block is 1:1 matched to the hash of the current block, establishing a link between the blocks. If someone tried to alter / destroy a transaction in a given block, the hash value would change, the link would be severed, and all nodes and participants would be informed of this action, who performed the action, and when.
- Multiple, constantly updated nodes ensures network resiliency without a single point of failure or corruption
The Blockchain provides direct and immediate means to verify any / all transactions in any part of the history of the ledger:
- What was the transaction
- Timestamps record When the transaction took place
- Who were the involved parties
- RFID input and validation transactions into the Blockchain can be automated, costing less than traditional manpower
- Less use of processing, payment, validation, documentation, etc intermediaries
- No / minimal reconciliation work is required