Any blockchain-stored records are simultaneously and instantly available to senders, receivers, shippers, and regulators and always will be. This level of data accessibility makes decisions and operations flow faster and easier, with diminished process complexity.
Typical supply chain industry challenges
From smaller wholesalers to global enterprise companies in product supply and distribution, every organization’s supply chain faces the same hazards and obstacles:
- Scattered, delayed, incomplete, unreliable information available to chain members
- Undue costs attached to inventory management and paperwork
- Natural disasters, unforeseen shortages, demand spikes
- Insufficient traceability of assets
- Fraud and theft, human error, counterfeit goods, and lack of security
- Inability to fulfill customer expectations
- Lack of universal and maintainable database
Blockchain solution for tracking consignments
OLWay is a logistics and supply chain ecosystem integrated with IoT platforms to make shipping more transparent.
It allows tracking shipments using data from sensors, GPS trackers, and connected devices. The data is stored on the blockchain, enabling real-time information sharing for smooth transshipment and cross-border transactions.Request a Demo
Blockchain-based Internet-of-Crops platform for logistics, supply chain, and IoT
Blockchain-based Internet-of-Crops platform
OpenLedger implemented blockchain technology for Centaur AG’s IOT-based solution for tracking the provenance of cereal supply chains.
OpenLedger implemented blockchain technology for Centaur AG’s IOT-based solution for tracking cereals.
The solution uses IoT sensors for monitoring current temperatures, moisture, oxygen level, and other condition data of stored crops. The data from the sensors is then recorded on a blockchain, which guarantees traceability, fast processing, and secure data storage.
It uses IoT sensors to monitor current temperatures, humidity, moisture, oxygen level, and other data about crops’ condition. The data is recorded on a blockchain, which guarantees traceability, fast processing, and secure storage.Learn More
Why business supply chains run better on blockchains
Simplify and improve arrivals and departures, shipments, changes of ownership, and other operations. Reduce costs by automating procedures that previously required manual execution before.
Decentralized and encrypted, records on permissioned blockchains cannot be deleted, hidden or tampered with, and are safe from unauthorized access. It’s a fundamentally secure, yet adaptable peer-to-peer solution for supply chain security.
Track each assets’ origin, properties, and movements across trade zones and borders. Identify fraud, theft, and damage, and take action to prevent failure before it happens.
Certifications & compliance
It’ s never been easier for enterprises to manage compliance, verification, and certification of goods and employees.
Blockchain-based systems allow multiple entities and participants to effectively communicate using electronic signatures, instant document exchange, automatic contract verification and other collaboration opportunities.
Companies that already benefit from blockchain in their supply chains:
Get smoother operations and happier customers
Trade flow facilitation
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