Huaneng Xiapu Nuclear Power Applies for Blockchain Supply Chain Patent to Enhance Efficiency and Security

Huaneng Xiapu Nuclear Power Applies for Blockchain Supply Chain Patent to Enhance Efficiency and SecurityOn September 26, 2024, information released by the State Intellectual Property Office of China revealed that Huaneng Xiapu Nuclear Power Co., Ltd

Huaneng Xiapu Nuclear Power Applies for Blockchain Supply Chain Patent to Enhance Efficiency and Security

On September 26, 2024, information released by the State Intellectual Property Office of China revealed that Huaneng Xiapu Nuclear Power Co., Ltd. has filed a patent titled "Method and System for Full-Cycle Automated Supply Chain Based on Blockchain Smart Contracts." The patent, with publication number CN118691176A, was filed in May 2024. This patent aims to achieve full-cycle automation of the supply chain and enhance its efficiency and security through blockchain technology.

The patent abstract indicates that the invention pertains to the field of supply chain management technology and involves the following key steps:

• Designing the Supply Chain System Architecture: Firstly, a comprehensive supply chain system architecture needs to be designed, clearly defining the functions and responsibilities of each stage.

• Deploying a Transaction Consortium Chain: Subsequently, a transaction consortium chain based on blockchain technology is deployed, along with the setting of node permissions and transaction procedures to ensure information integrity and security.

• Establishing an Information Management Platform: Next, an information management platform is established to facilitate information uploading and retrieval mechanisms, while simultaneously implementing data security optimization and privacy protection.

• Implementing Supply Chain System Construction: Finally, considering the monetary system, node permissions, and interaction rules, the supply chain system construction is completed.

This patent highlights the advantages of blockchain technology in supply chain management, primarily in the following areas:

• Improving Supply Chain Efficiency: Through automated processes, manual intervention is reduced, leading to increased efficiency and accelerated overall supply chain operations.

• Enhancing Supply Chain Transparency: All transaction records are stored on the blockchain, enabling traceability and ensuring process transparency, preventing information asymmetry.

• Boosting Security: Node permission settings and verification mechanisms effectively prevent malicious actions and information leaks, mitigating supply chain risks.

• Reducing Costs: Through automation and transparent management, supply chain management costs and risks can be lowered.

In conclusion, Huaneng Xiapu Nuclear Power Co., Ltd.'s patent aims to utilize blockchain technology to address the pain points of traditional supply chain management, enhancing efficiency, bolstering security, and reducing costs. This patent provides a novel solution for supply chain management in the nuclear power industry. The application of this patented technology will not only drive the digital transformation of the nuclear power industry but also serve as a reference and benchmark for other industries, promoting the further application and implementation of blockchain technology across different sectors.