Blockchain makes data open/transparent in a way that has not existed previously. Records spread across a large network for all to see is the core of blockchain transparency.
The immutability of the blockchain ensures any data recorded inside the blockchain cannot be changed or tampered with.
Being decentralised in nature, no single entity can control the data stored in the blockchain technology, but they can share the data with the other participants in the network.
In traditional supply chains, competing
factors and reliance on paper documentation often leads to non-compliance. In
such networks, each participant is able to modify the data which creates
vulnerability and risk for all stakeholders.
This means that all transactions are made via third parties, which all have different internal systems based on their own visions and business models.
Supply chains are often complex, and the end-to-end supply is opaque. Managing the reliability of supply chain intermediaries as well as traceability and transparency further compounds this complexity.
A decentralised supply chain is a management verification system that offers transparency and integrity. This system enhances the trust between stakeholders by leveraging the immutability of the blockchain. By revolutionising supply chain management, organisations can confidently say to multiple stakeholders (manufacturers, wholesalers, retailers, distributors, governing bodies, and end-users) "what I see is exactly what you see". As a result, businesses experience increased efficiency, reduced costs, supply chain visibility, flexibility, and resilience.learn more
We reduce risk by creating visibility in
the supply chain
Our solution identifies leaks in the
We generate comprehensive reports and
Decentralised Supply Chain provides the smart solution for your business.