Supply Chain

Implement a complete supply chain on a blockchain to track the
whole process in a single place. Collaborative Commerce
enables trade partners interact in a friction-­free manner, gaining
deep visibility into their supply chain so they can make smart
forecasting decisions.

How can blockchain
benefit the supply
chain industry?

Traceability and transparency are some of the most important foundations of logistics. Blockchain optimizes business transactions and trading relationships with robustly secure business networks on blockchain—both at scale and globally.

Blockchain offers a shared ledger that is updated and validated in real time with each network participant. It enables equal visibility of activities and reveals where an asset is at any point in time, who owns it and what condition it's in.

Benefits of supply
chain with blockchain

Reduce
or elinate fraud and errors
Improve
inventory management delivered to clients
Minimize
courier costs
Reduce
delays from paperwork
Identify
issues faster
Increase
consumer and partner trust

How will blockchain
technology affect
the supply chain?

Every time a product changes hands, the transaction could be documented, creating a permanent history of a product, from manufacture to sale. This could dramatically reduce time delays, added costs, and human error that plague transactions today.


Some supply chains are already using the technology, and experts suggest blockchain could become a universal "supply chain operating system" before long.



Consider how this technology could improve the following tasks:


Recording the quantity and transfer of assets - like pallets, trailers, containers, etc. - as they move between supply chain nodes.

Tracking purchase orders, change orders, receipts, shipment notifications, or other trade-related documents.

Assigning or verifying certifications or certain properties of physical products; for example determining if a food product is organic or fair trade.

Linking physical goods to serial numbers, bar codes, digital tags like RFID, etc.

Sharing information about manufacturing process, assembly, delivery, and maintenance of products with suppliers and vendors.

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