The paper considers possibilities of the digital technologies to control and manage each stage of the product lifecycle. The main software systems used to control and manage the product lifecycle at various stages are provided. Based on analyzing a number of scientific publications, assessment was made of the implementation level of such software products at each stage of the product lifecycle, and advantages of their introduction are presented. It is noted that mechanical engineering is the leader in implementing the appropriate digital technologies. The other industries are just adapting the previously developed technologies to specific conditions of the production process. However, certain issues of using modern digital technologies, in particular the blockchain, in relation to separate stages of the product lifecycle are still insufficiently studied. The basis of a new digital technology to control, manage and support the product lifecycle was developed, i.e. technology for selecting and transforming the necessary information into the product digital environment, in particular, in the mechanical engineering products in general. The essence of the proposed technology is briefly stated. Main differences from the existing blockchain technologies are listed regarding efficiency (since the software is constantly updated with more advanced versions) and incomplete data availability, which is due to maintaining the required level of security.