We optimize supply chains, making them transparent, reliable and far more effective

By today’s standards the end client wants to feel comfortable with the authenticity of its product. At the same time organizations want to provide more transparency in the delivery of materials. Materials of different supply chains can sometimes travel great distances before it reaches the client. You want to make sure you have full traceability in the chain. In many cases different parties need to work together to ensure the corporate standards are met and the materials in the supply chain are up to the high standards. With blockchain the benefits is that working together with different parties becomes much easier, more efficient and secure.

By the end of 2020 worldwide counterfeiting will reach 1.82 trillion USD. With these yearly increasing numbers companies need to do more and more to ensure the authenticity of their goods. The benefit of blockchain is that it allows manufacturers to record products that they have made in a decentralized ledger technology that is regulated by a consensus protocol. This makes it possible for consumers to check the authenticity of the product. With blockchain the records that are being created on the blockchain are immutable and create transparency between all parties.

You must stay competitive as a company, but you want to continue making a high quality product. This sometimes require the manufacturing by another party. This other party might not work with the same standards you are used to. By sitting together and coming to an agreement you hope to achieve a level of trust that ensures the quality of the product. This can be an expensive process to initiate and can cost a lot of resources. The benefit of blockchain is that you can create a blockchain platform in which you connect different technologies, like for example IoT devices that can detect errors or other variables in the manufacturing process. The blockchain creates a immutable record on the agreement all parties have made.

Currently the world is in great transition to move from manual paper and administrative work to a more automated, time saving process. The great challenge can be the process in which you communicate with multiple parties in a value chain. With blockchain you allow a transparent way of communicating and sharing data without the need of trusting the other party. The benefit is that you can create a platform with multiple parties in which you can -for example- settle agreements/transactions. This reduces the need for manual paper and administrative work. You can set up a smart contract that makes this process unnessercery.