Telefónica says its using blockchain to enhance the traceability, monitoring and control across the value chain of modems, routers and TV set-top boxes. Its helping the Spanish telco to refurbish of Customer Premise Equipment for reuse.
The programme was first introduced five years ago, since when Telefónica has reused over 19 million routers and set-top boxes in all its operations.
In 2023, the company achieved an 88% collection rate of all equipment, moving closer to its target of 90% by 2024.
“We firmly believe that much of the innovation we will see in the near future will focus on process transformation, where new technologies such as blockchain, big data and the internet of things will be key factors in contributing to the decarbonisation of operations while generating environmental benefits,” says Fernando Valero, Global Director of Supply Chain and Procurement Transformation at Telefónica.
Telefónica’s electronic equipment operations, such as modems and set-top boxes, involve more than 100 companies on three continents.
Known as VICKY, the system enables the Telefónica Group to by providing equipment traceability through complete automation of the logistics process.
When the equipment cannot be reused, it is normally recycled, allowing materials such as gold or copper to be used in new products.
