Blockchain technology has been recommended to store records of equipment manufactured from tubular steel.
It is vital that every warehouse equipment manufacturer makes equipment that is safe. There are many reasons why equipment can fail – the tubular steel may be weak, the welding may not be secure or the end user may have exceeded the load limit.
There can be many companies that contribute to warehouse equipment, such as the steel mill that makes the tubular steel, the company that coats the steel, the fabricators that weld the steel and the end user. Each company should keeps a record of quality control, safety testing and maintenance. If equipment fails, all these reports can be examined when investigating the cause.
However, these records are often not kept in one place, and they can go missing or be accidentally destroyed. Reports are kept in various formats, such as digital or paper. According to the Tube & Pipe Journal, the founder of Deneen Engineering, Jay Deneen, said:
“To have a truly robust system, records must be archived and immutable, storage must be redundant, and recovery must be possible in perpetuity, irrespective of the hardware and software.”
In order to solve this issue, Deneen recommends using blockchain technology. Blockchain, which was developed to track cryptocurrency, can store any data. It is a decentralised system with many copies. Every time a copy is updated, all copies are also changed. Blocks of data can be added but not modified or deleted.
If an audit is needed for equipment, records are easily retrieved – all the auditor needs is the address of the relevant blockchain.
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