How is blockchain affecting Silicone Semiconductor Industry or wafer technology? Has the demand increased?
Silicon wafers are the most effective semiconductors and cost-effective choice for electronics. Silicon wafers are used as semiconductors in electronic devices.
What is a Wafer?
Wafer refers to a thin slice of semiconductor, such as crystalline silicon, used for fabrication of integrated circuits, in photovoltaics, to manufacture solar cells, manufactures a comprehensive line of chemical blend systems, IPA Dryer Aerosol in Industry using Liquid Diffusion Technology. The process of silicon wafer manufacturing passes through a series of the process including silicon extraction, purification, microcrystal formations, creating an ingot, slice it into a wafer and polishing, cleaning and testing.
Let’s discuss notable features of blockchain that drive innovation in the businesses
Transparency: Blockchain underlying technology distributed database keeps a record of data on the electronic shared database in a verifiable manner without interference of intermediary body. There is no single data storage neither single party controls the data, this increases transparency and data sharing.
Immutability: Once the data is stored on the blockchain, it can’t be deleted, tampering or reversed
Automation: Smart contracts are the most transformative applications of the blockchain. Smart contracts are embedded in digital code and are stored in the shared database. It automates different processes, tasks, and payment transactions that have digital records and signatures that can be identified, validated, and stored on the database.
Security and trusted environment: Digital ledger keeps secure data on peer-to-peer network between multiple nodes across all the participants and makes it difficult for malicious actors to tamper with cryptographically secured data. It creates a trusted environment without the involvement of any third party.
Digital Identity: Blockchain has the potential to establish digital identity with tamper-proof infrastructure to protect identifiable information. Blockchain technology allows for the provenance of tracking any product in real-time throughout the semiconductor value chain.
How is blockchain affecting the Semiconductor Silicon Wafer Industry?
Blockchain enables the semiconductor silicon wafer industry to alleviate their businesses in innovative space with the provided below remarkable features that add value to it.
Trusted environment: Blockchain creates a trusted environment among the partners by sharing verified information on a shared ledger, giving access to everyone to the same information in real-time.
Counterfeit equipment identification: Counterfeit equipment identification is one of the major issues in transporting the semiconductor value chain. Blockchain ensures the provenance of tracking of the semiconductor value chain. It has the potential to track the equipment if it has been tampered or fabricated during transportation of semiconductors, in real-time. Equipment is registered in the tamper-resistant ledger with its particular registered code in the blockchain.
Transparency to the silicone industry: Blockchain brings transparency to the silicon industry, with provenance tracking; it discourages the delivery of goods and materials from unethical suppliers and third-party vendors and makes sure the quality of the product being delivered from an ethical source of market. Blockchain assists the silicone industry in the transparent transfer of ownership for silicone semiconductors in a global supply chain.
Eliminate middleman with automation
Companies can program smart contracts (a piece of code that sets specified rules and execute the agreement when predefined conditions are met) automates to release the payments to the shipper on delivery of semiconductors to the final destination, eliminating the role of middleman, reducing administrative cost, transaction time and cost and save millions of dollars.
Crypto payments facilitate cross border payments: Usually, the bank charges a high transaction fee when making payment across the border and takes 3 to 5 days for its settlement. Contrary to this, crypto payments charge low transaction fees on cross border payments and make instant transactions in minutes. It provides a great opportunity for the silicon industry to cut down the transaction costs and can save millions of dollars.
Single source of trust for stakeholders: Silicon industry is working with clients in biomedical, chemical, energy, and hi-tech sectors dealing in wafer equipment such as semi-automated, fully automated semiconductors, IPA dryers, Chemical process equipment, MEMS, Photovoltaic, LED, and health product devices. All these sectors own a global supply chain mechanism with different labs, suppliers, distributors, transporters, and warehouses. Blockchain technology brings these participants on a single platform to share verified information recorded on an immutable ledger, this helps to solve dispute resolution among them, contributes in save time, effort, and money.
Combining blockchain technology with RFID tag equipment: Combining the blockchain technology with Radio Frequency Identification (RFID) tag equipment helps to enhance the visibility of wafer electronics along the supply chain. Data is written onto an RFID tag which can be encrypted and published through blockchain technology. The information is stored in ledgers, which are distributed across the different servers, PC and other storage devices within the network.
These RFID tags are attached to the equipment on their containers and are used to document data as the goods move along the supply chain. It helps in verifying the sources of raw material origins from the supplier, tracking and tracing of equipment with unique data ID, and detecting counterfeit equipment. Merging the blockchain technology with RFID tag equipment lets the manufacturers, suppliers, distributors, transporters, and customers create a single source of trusted information mechanism in the supply chain.
Rising demand for silicon semiconductor wafer equipment: On January 20, 2021, Global Newswire – Reportlinker.com announced to release the report, semiconductor silicon Wafer Market – Growth, Trends, and Forecasts (2021 -2021) reported that the semiconductor silicon wafer market was valued at $9.85 billion in 2019 and is expected to reach $13.64 billion by 2025, with a CAGR of 6.18% during the forecast period from 2020 to 2025. Thus, combing the silicon semiconductor wafer technology with innovative technology like blockchain and IoT has increased demand for semiconductor silicon wafer equipment & this trend will remain to continue in the future.