Did you hear that buzz in the air?
It is not a bee in the air. Beeswax is buzzing about its potential as an eco-friendly form of living.
Beeswax is used in many aspects of our daily lives such as candles, cosmetics, and food preparation. It also has many medicinal properties, and it can be used to treat wounds.
The dark sides of the beeswax industry
- The use of additives like paraffin to reduce the production cost
- The use of contaminants and pesticides
- Inconsistent cleaning hampers the removal of contaminants
- The use of artificial feeds for the bees
- Misleading consumers with “organic” labels
How does the supply chain look for beeswax?
.
The supply chain for beeswax is complex. It starts with the beekeeper who collects the honey, then it goes to the processor who extracts the wax, and finally to the manufacturer who turns it into products.
The production of beeswax starts with the beekeeper, who collects the honey from the beehive. The honey is then heated to produce wax. The wax is then processed into blocks of beeswax or pellets for convenience before being packaged for sale.
Beekeepers, brokers, processors, and retailers are the key players in the supply chain.
Blockchain technology as a solution for the challenges of beeswax manufacturers
The major challenges faced by the beeswax manufacturers are difficulty in tracking the raw materials, lack of transparency, and the hassle of recording the transaction data.
Blockchain technology is not just for cryptocurrencies. It has many other use cases, like in the food and beverage industry. Multiple industries are being disrupted by blockchain. Using this technology, beeswax manufacturers can overcome the challenges they face.
Beeswax manufacturers can track their products’ origins by leveraging blockchain technology within the supply chain. Both the sources and the processing of raw materials can be traced. Thus the management of supply chains is simplified.
With blockchain, transactions are recorded in a permanent way, which makes it difficult for fraudsters to manipulate data.
A product’s manufacturing process can be tracked immutably and transparently with blockchain. In this way, manufacturers will know how their materials are processed, the quality of those raw materials, and all the data regarding the materials they receive.
A real example from a leading industry player
Here is a real example from a company that produces beeswax products. They use a transparent supply chain to create awareness about the production process of their products. As one of the foremost worldwide buyers of beeswax, they are known as a leading global player.
Founded over 100 years ago, they have always been dedicated to sustainability, quality, and transparency in everything they do. A transparent supply chain is used by them so that their customers can see where the beeswax comes from, how it is processed, and what it is used for.
Ending on a positive note on the world’s undisputed king of natural waxes
Beeswax manufacturing has an environmental impact that most people are aware of. By ensuring that only ethically sourced and sustainable beeswax is used and that the supply chain is transparent, blockchain can help to reduce this impact.
Moreover, this will allow manufacturers to be more accountable for their actions, which will have a positive effect on the environment and traceable sourcing ensures the safety, health, and happiness of the bees and beekeepers as well.