Implications for the Consumer Electronics Industry at the advent of Blockchain Technology

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Sameer Mahesh Dani, Yashomandira Kharde

Abstract

Blockchain technology is at the verge of revolutionizing digital aspects of industry on a large scale. The consumer electronics industry is one the biggest and globally most diverse of all industries. By deploying blockchain technology most of the issues flagged in this paper can be resolved to a considerable extent. The literature on the applications of this technology is abundant; this paper tries to find specific solutions for the globally distributed consumer electronics industry. The solutions presented range from the issues in advertising, supply chain, provenance, food safety etc.


We have examined various pain areas like Digital Identity, Loyalty Program, Intellectual property rights, Warranty claims, Provenance and Counterfeit goods. The future scope of this paper deals with the integration of blockchain as an edifice in the merging platform of Web 3.0 that will work and act in conjunction with the field of Industry 4.0

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