In its purest form, remanufacturing is taking previously used products or their previously used parts, putting them all back together again. You then reselling them — generally at a cheaper price. Remanufacturing is common for such products as medical devices, wood, computers, machinery, vehicles, toner cartridges, and much more.
Blockchain technology can ultimately revolutionize the entire remanufacturing supply chain when it comes to tracking and establishing a transparent and trustworthy system, where every part and its condition is securely recorded on a ledger, and the data can be accessed in real time.
The Benefits of Remanufacturing
Remanufacturing can best be described as a win-win-win situation, as it benefits the remanufacturer,...