I want to make a Circular Manufacturing System model for an Industry focusing on Resource Conservation, Product's multiple Life cycle, and value recovery options. I want to make a continuous state simulation approach by using Systems Dynamics Principles. Can anyone give some insight that it is possible to incorporate BlockChain Technology by any way in that context?
Thanks in advance. Best regards
Riad
Blockchain is the best think to do resource conservation. This is also will make the industry to be profitable and more secure. This idea will be good for industry 4.0 and make a marketplace.
Because you would need to determine the origin of the items that are taken for recycling at the end of their lives, blockchain would be tremendously helpful to track that information. Take a look at the following white papers and articles:
Article Redesigning Supply Chains using Blockchain-Enabled Circular ...
https://www.paconsulting.com/insights/blockchain-can-drive-the-circular-economy/
https://blogs.oracle.com/blockchain/how-blockchain-can-power-the-circular-economy
https://www.accenture.com/us-en/services/blockchain/circular-supply-chain
Article Blockchain Technology and the Circular Economy: Implications...
https://www.forbes.com/sites/forbestechcouncil/2020/01/13/the-circular-economy-and-sustainability-powered-by-blockchain/?sh=203e0197b8cf
Article At the Nexus of Blockchain Technology, the Circular Economy,...
Blockchain is the best think to do resource conservation. This is also will make the industry to be profitable and more secure. This idea will be good for industry 4.0 and make a marketplace.
Haissam Badih Thanks a lot Sir for your generous reply. I am grateful for enlightening me. Best regards.
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