Reduce risk, cost, and time in the supply chain perpetuity.
Transactions are made directly from peer to peer with a small number of intermediaries and automatic ledger updating.
Tracking assets with blockchain are fraud-free. RFID tags help in tracking the assets throughout the entire supply chain until the assets are in the consumer’s hands.
Blockchain technology is high-end and doesn’t face a single failure. Transactions performed in the blockchain and are irrevocable and immutable.
Contracts are automated and smart to confirm transactions. No reconciliation of work and less use of intermediaries help to reduce the total cost in the supply chain.
Improved traceability with RFID tags. Inventory can be tracked at each step within the supply chain from raw material source to end-user delivery.
Transactions happen directly from peer to peer with the least number of intermediaries and ledgers are updated automatically.
Preset conditions, agreed upon by two or more parties, are the smart contracts and are executed automatically when all conditions are met.
Blockchain technology is fool-proof and doesn’t have any single point of failure. Transactions that are established in the blockchain are irrevocable and immutable.
Automated smart contracts to execute transactions. No or less use of intermediaries, no reconciliation of any working help to lower the overall cost in the supply chain.