60 billion euros in losses in 13 sectors of activity within the European Union, of
which 2.4 billion in the pharmaceuticals and cosmetics sector.
The European market has introduced product serialization to guarantee traceability and combat counterfeiting. Although this system represents progress, it is not sufficient to guarantee product safety and quality. Indeed, serialization only concerns the finished product, without taking into account its manufacturing method
The urgent need for a more comprehensive solution
Recent health scandals have highlighted the importance of complete product traceability. Although useful, European serialization does not meet this challenge. What is needed is a more comprehensive system that includes traceability of manufacturing processes.
The limits of serialization
The lack of traceability in manufacturing processes poses a number of problems: lack of transparency for the end customer, increased health risks, damage to brand image, all of which lead to a drop in sales.
1 - Lack of traceability
From source
to end of production
3 - Loss of data
and raw material
5 - Multiplication of production procedures and wasted
time during audits
6 - Possible cyber-attacks, with total production stoppage lasting a long time
4 - Data storage
on heterogeneous
and incompatible media
2 - Loss of productivity and
poor visibility of the production chain
7 - High financial costs for installation, production, maintenance and licensing
Private blockchain is a distributed ledger technology that offers a number of advantages over traditional systems. It is :
Secure: Data is stored encrypted and decentralized, making it tamper-proof and transparent.
Traceable: Every transaction is immutably recorded, making it possible to track the origin and destination of products.
Efficient: Blockchain automates processes and reduces costs.
Collaborative: It enables the various players in a supply chain to share information securely.
Private blockchain is a promising technology that is set to revolutionize industry and logistics. It offers numerous advantages in terms of security, traceability, efficiency and collaboration. Companies that adopt this technology will be able to improve their competitiveness and meet consumers' growing demands for transparency and security.
NOXELLINK: Your trusted partner for cutting-edge industrial solutions.
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Private blockchain: a revolution for industry and logistic
1 - Traceability at every stage of the supply chain
4 - Data centralization and costing
7 - Lower financial costs, increase sales (CA)
6 - Utilisation de la blockchain privée, securité totale
5 - Simplified audits and procedures, time savings
2 - Increased productivity and responsiveness in the event of problems
3 - Simplified, ergonomic data entry and handling
- Eliminate intermediaries and automate processes, reducing transaction costs,
- Real-time product traceability, inventory optimization and storage cost reduction,
- Security and transparency of blockchain reduce fraud and errors, resulting in financial savings.
5 - Lower direct and indirect financial costs
6 - Increased sales (CA)
1 - Traceability at every stage of the chain
2 - Secure access and log of all connections
3 - Better communication between players
4 - Real-time data decentralization
- Blockchain automates manual processes and reduces processing times.
- Better collaboration between stakeholders: Blockchain enables information to be shared securely and transparently between all players in the supply chain.
- Protection of sensitive data: Private blockchain enables sensitive data to be stored securely and encrypted.
- Reduced risk of fraud: The immutable nature of blockchain guarantees data authenticity and reduces the risk of fraud.
- Improved cybersecurity: Private blockchain offers greater resistance to cyber-attacks than traditional systems.