At recent, The Fraunhofer Institute for Photonic Microsystems, headquartered in Dresden, Germany, announced that they plan to apply the concept of blockchain to the development of radio frequency identification (RFID) sensor systems for logistics.
According to this concept, the Fraunhofer Institute of Photonic Microsystems in Germany wants to use blockchain solutions to enable the data that generated by “decentralized storage” of RFID sensors. The Institute develops a variety of hardware and software solutions for its clients and uses simulation technology to analyze their individual demands.
Although the Fraunhofer Institute for Photonic Microsystems in Germany has not released a product that integrates blockchain technology, it is expected that they will present RFID sensor software system solutions at the Trade Fair for Intralogistics Solutions and Process Management. It is the largest logistics trade fair in Europe. The conference will be held on March 13 to 15, 2018 in Stuttgart, Germany.
In term of a press release issued by the Fraunhofer Institute for Photonic Microsystems in Germany, they believe that blockchain technology has great potential for supply chain data management in the automation and logistics processes that will increase the speed of logistics delivery, avoid fraud and mistakes, and reduce waste and costs.
Dr. Andreas Weder, head of the Fraunhofer Institute for Photonic Systems and Microsystems in Germany, said: “if the data from RFID sensors are stored on the blockchain, it is likely that all participants in the entire supply chain will track these data. Our RFID sensors can measure physical parameters like humidity, vibration or temperature and transmit them wirelessly to a data reader.”
It is reported that the German government is building a blockchain technology management legal framework to further embrace this emerging technology.