We are developing a solution to transparently and securely track remanufactured parts in a multi-party energy supply chain. SICCAR, our distributed ledger technology platform, enables organisations to collaborate on sensitive data and support multiple parties to work together with consensus, confidentiality, resiliency and scalability. All transactions about the part are sequentially ordered, visible and immutable, creating a permanent record – a single source of truth - for accountability. The data recorded is digital, and so eliminates the need for paper.
Reducing paperwork - and the delays operating with it creates - can be achieved by developing digitally native processes in the energy sector via SICCAR. The consortium’s project with SICCAR is predicted to reduce remanufacturing supply chain costs by 3+%, as well as create a stronger remanufacturing sector.