Blockchain technology is a real game changer for businesses as it enables new forms of trusted collaboration that enhance productivity, quality & security. Frank Roessig, Head Cloud Apps, Data & AI and Mathis Baden, Cloud Solution Architect at Telindus, takes us through this new world.

Interesting applications

Blockchain is be the perfect solution for the logistics, stock and supply chain management. Indeed, on a blockchain where members share each other’s information, parties can see instantly at what lifecycle stage a product is or where it is located. Because the information on a blockchain is open to members with the correct access key, someone who, for example, purchased an industrial component would easily follow the entire value chain, from production, distribution, usage, maintenance through to retirement.
We have built TraceChain, a Telindus’ blockchain-based supply chain application that provides traceability for any type of physical item. Moreover, we have also built a version for IoT that can for example be used to trace the temperature, vibration, humidity, etc. of fresh goods via LoRa devices.

CODIPRO and Telindus create an innovative tracing tool based on the blockchain

Telindus has implemented such a TraceChain with a CODIPRO that produces articulated lifting rings. This is highly important safety equipment for which traceability, subject to strict standards, is essential. With the CODITRACER project, the company’s objectives were to ensure Component traceability, Document traceability, Product authentication, document Accessibility, environmental footprint Reduction, as well as market knowledge Improvement.

CODIPRO now has a tool at the forefront of technological innovation, CODITRACER, which ensures the authentication, traceability and immutability of the information relating to its lifting rings. The solution is accessible through two interfaces:

A mobile application for smartphone and tablet, which gives access to technical information and documentation based on a reference number engraved on the ring. In addition, the application also enables the product warranty to be activated.
A web portal which, in addition to the functionalities offered by the mobile application, allows the various parties involved on the blockchain to follow the product’s path in real-time with great precision, from shipment to use and maintenance, including the intermediate stages of distribution.

"Thanks to Telindus’ blockchain platform, we can store and transmit information about our products in a transparent, secure and tamper-proof way. Today, we have a tool that meets all market expectations, whether in terms of traceability, authentication, document management or environmental footprint" CHRISTOPHE LOSANGE - Director of Codipro

One other application is notarization. Telindus has built the first European notarization log chain for the Luxembourg government. It is operational since 2018. Instead of having to send back full force paper, you have a trusted source based on hashes of a notarized document. The notary still authenticates the document, but once he has evidenced it, he uploads a few hashes on the document and anybody who wants to verify a document copy just has to compare the hashes to validate its authenticity. The advantage of that chain is that it significantly reduces the notarization log costs; a clear ROI.

Other blockchain use-cases Telindus works on comprise transaction optimization (payments, trade finance, capital market securities), Distributed-KYC, Multilateral Reconciliation, charge-per-use systems and secure document sharing.

“Through our hands-on blockchain applications, we streamline workflows, improve productivity and enable innovative collaborative processes” states Frank ROESSIG, Head of Cloud Apps, Data & AI at Telindus.