The nuclear industry is one of the most specialized and highly regulated sectors in the world, but that does not mean it is immune to security concerns. The nuclear sector has to deal with counterfeit, fraudulent and suspect items (CFSI). But how can it solve the problem with a supply chain that is still predominately paper-based?
The supply chain powering the nuclear industry has to become a trusted network — an ecosystem of supply backed by an immutable record of transactions. This is where technology steps in. In contrast to paper records, which fail to provide the level of traceability and security required, blockchain is hard-wired and it has the efficiency, transparency, security and risk mitigation capabilities existing nuclear supply chains lack.
There’s more to blockchain than Bitcoin
When people think of blockchain their minds immediately spring to cryptocurrency, non-fungible tokens (NFTs) or the most recent ‘big hack’. There is much more to it than that. A blockchain or ‘distributed ledger technology’ (DLT) system collects information and groups it in ‘blocks’ that are closed, uneditable and linked to a previously-closed block (hence ‘blockchain’). The ‘chain’ of linked blocks is inherently irreversible.
Continue reading: https://www.neimagazine.com/features/featuresecuring-the-nuclear-supply-chain-through-blockchain-9408722/
The supply chain powering the nuclear industry has to become a trusted network — an ecosystem of supply backed by an immutable record of transactions. This is where technology steps in. In contrast to paper records, which fail to provide the level of traceability and security required, blockchain is hard-wired and it has the efficiency, transparency, security and risk mitigation capabilities existing nuclear supply chains lack.
There’s more to blockchain than Bitcoin
When people think of blockchain their minds immediately spring to cryptocurrency, non-fungible tokens (NFTs) or the most recent ‘big hack’. There is much more to it than that. A blockchain or ‘distributed ledger technology’ (DLT) system collects information and groups it in ‘blocks’ that are closed, uneditable and linked to a previously-closed block (hence ‘blockchain’). The ‘chain’ of linked blocks is inherently irreversible.
Continue reading: https://www.neimagazine.com/features/featuresecuring-the-nuclear-supply-chain-through-blockchain-9408722/
