This paper proposes a blockchain-based framework where transformers and their subcomponents are treated as digital assets with immutable histories. By adopting this model, stakeholders, including OEMs, utilities, EPC contractors, and refurbishers, can benefit from improved data integrity, enhanced traceability, and a significant leap toward sustainable, circular economy practices.
Transformers as blockchain assets: A transparent and circular model for the power equipment lifecycle
This paper proposes a blockchain-based framework where transformers and their subcomponents are treated as digital assets with immutable histories.
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