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Challenges in the supply chain & logistics process are inevitable but knowing how to deal
with it really determines the success of a company.
We believe that utilizing other parts of the organization to help when these challenges arise
will also aid in the success of the Supply Chain. On top of this, there’s also general
inefficiency or lack of clear oversight in supply chain & logistics revolution.
This is where blockchain technology comes into the picture to solve the
problems in the supply chain and logistics industry.
Blockchain technology uses decentralized, distributed structure and its
advanced algorithms to incorporate various business rules & scenarios. Blockchain-enabled
solutions are optimizing supply chains in immutable record-keeping, controlling logistics cost
and saving precious time.
Effective track and trace is one of the vexing issues of today in supply chain management & its
operations during the stage of procurement to transportation. Blockchain powered solution adds the
layer for real-time tracking and tracing, and accurate Estimated Time of Arrival (ETAs) based on
dynamic on-ground conditions to reduce delays and automate record keeping and allowing to provide
24/7 365 updates on your shipments from pick up to delivery. It could be a greater benchmark of an
optimal supply chain.
On a daily basis, a massive amount of goods are packaged and shipped in supply chain industry.
achieve an end-to-end tracking and tracing of goods is to start with product genealogy,
serialization, and provenance. “Blockchain technology adds a layer in setting up a product
genealogy, serialization and provenance from scratch which is always an intensive and disruptive
approach with cost-effective way and it makes to sort the particular product’s routing and its
In the supply chain industry, most of the transactions are still over headed and strongly depends on
paper works for invoicing and payments. For example, bills of lading need to change multiple times
before reaching the receiver and this can result in some delays and errors. Blockchain enabled
solutions could make control over shipping almost paperless. This paperless approach reduces the
delay in settlement times, ensures accuracy, and detects fraud, while eliminating paper-based
In addition to the present, automated payments could become self-executing with the utilization of
The blockchain technology is used to reduce overhead shipping costs to sell the product worldwide and
increase delivery efficiency with automated shipment sorting by updating tracking numbers and
courier names and optimised to enhance supply chain optimization in e-commerce. “ For international
transactions, it takes all the responsibility for fraud screening in payments”.
The token is instantly passed and processed after the payments without actual bank details being
“Token is immediately passed and processed after the payments without actual bank details being
exposed.” Through tokenization on micro payments, a payment gateway is needed to store
sensitive data that allow for the random token to be generated. This is where blockchain asset
tokenization enters to enhance supply chain optimization in micropayment solution.
With blockchain technology and its immutability feature enable the creation of incorruptible
databases for medical records. A private blockchain securely hold every patient's information while
also allowing medical professionals to access that data when it is necessary. Through
decentralization feature, every medical record of patients have complete control over their own
data. You can decide which medical professionals have access to your records, and you can revoke
that access at any time.
We deliver highest level of customer service by deploying
innovative and collaborative project management systems to build the most professional,
highly scalable web & mobile solutions with highest quality standards.
It is a long established fact that a reader will be
distracted by the readable
content of a page when looking
at its layout.
Yes, it is possible to create a token on the ethereum blockchain, Since ethereum
open-source blockchain, it has a lot of library packages and has its predefined
standards like ERC20, ERC721, ERC222, ERC723 and more for developers to create
The “block” in a blockchain refers to a block of transactions that has been
the network. The “chain” refers to a string of these blocks. When a new block of
transactions is validated by the network, it is attached to the end of an
chain. This chain of blocks is an ever-growing ledger of transactions that the
has validated. We call this single, agreed-upon history of transactions a
Only one block can exist at a given chain height. There are several ways to add
blocks to an existing chain. These are often termed “proofs,” i.e. Proof of Work
Proof of Stake (PoS), and Proof of Authority (PoA). All involve cryptographic
with varying degrees of complexity.
Blockchain is considered a disruptive technology because of its capability to
personal information, eliminate intermediaries, unlock digital assets, and
open up the global economy to millions more participants. Sometimes called the
Machine, blockchain technology is bringing transparency and security to digital
across countless industries. In many ways, the blockchain revolution can be
revolution in trust.
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