System and method for product recall using blockchain

A system that is configured to perform remedial actions upon the occurrence of a product recall, the system comprising:

• a control circuit and a database;
• a blockchain ledger stored at the database;
• a retail store or product storage location that offers a product for sale;
• a plurality of electronic transaction recording devices disposed at separate remote locations, the remote locations being transaction points in a supply chain, such that the product moves through each of the remote locations and to the retail store or product storage location, wherein each of the electronic transaction recording devices comprises a sensor, the sensor being configured to record transactional information associated with the product as the product moves along the supply chain through each of the remote locations, each of the plurality of electronic transaction recording devices causing the transactional information to be stored on the blockchain ledger;
• wherein the retail store or product storage location receives the product and sells the product to a customer in a sales transaction, and wherein the sale transaction is recorded on the blockchain ledger, the sales transaction including customer identification information and customer contact information;
• wherein the control circuit is configured to:
• receive a recall report concerning the product;
• access the blockchain ledger and identify customers that purchased the recalled product using the customer identification information;
• determine an action to take, the action utilizing the contact information of the identified customers that purchased the recalled product.