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.
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RTLS
RTLS is a part of the OLWay ecosystem for logistics and warehousing. Powered by IoT, the solution tracks the location of employees, vehicles, and equipment in real-time.
Through connected wearable tags, you can monitor employee presence in operational and prohibited areas, optimize warehouse and working space, and prevent accidents in the workplace (like collisions between people and vehicles).
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Blockchain-based Internet-of-Crops platform for logistics, supply chain, and IoT
Blockchain-based Internet-of-Crops platform
Pipe trading platform
A blockchain-based tool for tracking pipes’ origin and tracing their journey from mines to end customers through pipe supply chains.
Through the connected IoT devices, it authenticates each pipe consignment and provides reliable, tamper-proof information about registered cites, available pipes, pipes that are currently shipped, and detailed transaction histories on each company registered in the blockchain network.
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Why business supply chains run better on blockchains
Changing the landscape of enterprise supply chain market
OpenLedger helps you to benefit from these main blockchain opportunities to make hundreds of your supply chain operations more cost-effective:
Complete transparency
Smart contracts
Simplify and improve arrivals and departures, shipments, changes of ownership, and other operations. Reduce costs by automating procedures that previously required manual execution before.
Secure operations
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.
End-to-end traceability
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.
Seamless collaboration
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:
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Contact UsBlockchain to underpin supply chains
From suppliers to end customers, the information on each transportation status and every party in the supply chain is recorded in a permanent ledger.
Get smoother operations and happier customers
Decentralized supply chains are impacting companies and conglomerates, markets and industries, transforming global trade activities and conditions.
Customer satisfaction
Accurately track product quality and origin. Add smoother, lower-friction inventory management. React to spikes and drops in customer demand. All better, faster and more reliably than ever before.
Fair trade
Blockchain-based tools can validate the assets’ origin, manufacturer, materials, and more. Companies reduce counterfeit goods and provably support sustainable and ethical trade, human rights, and environmental protection.
Branding
Achieve brand dominance by providing next-level service. Better workflow, transparency, and efficiency increase trust between partners and employees, as well as improving sales and revenue.
Trade flow facilitation
Streamlined processes allow you to effectively build connections across national borders, jurisdictions , and operational differences.
Competitive advantage
For newer companies, using blockchain technology for operations optimization can be key to winning out over more well-established competitors. Blockchain-based solutions to industry-wide challenges give you the edge in a crowded marketplace.
Secure interactions
Blockchain acts a single point of communication between all parties in the supply chain, a network where only selected participants can access data, with every action recorded on a distributed ledger and secured.
