Supply chain participants store their data in their own information systems, resulting in difficulties to share and track information.
This is compounded by the dependence on paper-based processes in critical steps of the chains. And consequently, data is not only siloed but also subject to accuracy and integrity issues requiring burdensome reconciliation efforts by participants. This results in a lack of accuracy, visibility, efficiency and trust leading to billions of dollars lost worldwide across supply chains.
Full visibility over their supply chain has become a top priority for firms, but only 6% of firms have reached this target, with 77% of them having either no visibility or a restricted view.
A new approach is necessary where every transaction is accurate, assured and automated leading to a symmetric shared source of truth and enhanced visibility. This is essential so that organizations can enhance traceability and operational efficiency to achieve remarkable cost savings, free up working capital, mitigate disruption risks and ensure product authenticity and provenance.
That’s why we have created a novel solution based on interconnected functional blockchains that enables real-time collaboration along the entire supply chain, providing end-to-end visibility.
Full end-to-end supply chain visibility, leading to enhanced coordination, reliability and efficiency: disruption risk mitigation, better capacity utilization, cost reductions and working capital optimization
Full traceability of product and processes providing trustworthy auditable product authenticity, provenance and sourcing information
Enhanced product safety though real time traceability and environmental conditions monitoring (e.g., cold chains) allowing effective and efficient responses to safety incidents
Reduced disputes among the different counterparts in a supply chain, saving the time and effort required to solve them
Reduced paperwork and data reconciliation efforts, leading to significant cost efficiencies
Enhanced ESG compliance and reporting to clients, investors and other relevant stakeholders
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