Blockchain solutions for supply chain from Aetsoft
Decentralized network
Thanks to the distributed ledger technology, all parties in the supply chain have access to the same data. A majority consensus manages any data alterations.
Transparent transactions
Blockchain keeps each record linked to connected sensors with unique and unchangeable identifiers, which allows tracing the entire history of each asset from the moment of production.
No intermediaries
Smart contracts can automate various tasks traditionally requiring human involvement as well as remove middleman, making supply chain management more cost-efficient.
Trusted environment
Blockchain keeps a permanent record of all supply chain histories, guaranteeing tamper-proof digital document trails and building trust among network participants.
Secure operations
Cryptographic keys protect every piece of data, with any corruption attempt immediately visible to the entire network. Private blockchains allow setting separate permissions.
Interoperable networks
Blockchain connects suppliers, distributors, manufacturers, and retailers in a single ecosystem where all parties have access to the same data.
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Get expert adviceBlockchain applications in supply chain
Use case 1. Proof-of-provenance
Currently
Data fragmentation leads to inadequate provenance tracking in supply chains, where shoppers are unaware of the quality of products they purchase.
With blockchain
Blockchain keeps a permanent record of all parties involved in a supply chain, with the origins data transparently visible to consumers.
Use case 2. Detecting contamination
Currently
Insufficiently regulated nature of today’s supply chains makes room for contaminated foods paving their way to shop shelves — if not validated promptly.
With blockchain
Blockchain establishes a network where all supply chain parties verify food quality against mutually agreed quality standards from the moment of origination.
Use case 3. Secure transactions
Currently
Deals between businesses and suppliers are usually not backed by compliance guarantees; parties might not pay in due time, or fail to fulfill payment commitments.
With blockchain
With blockchain-enabled smart contracts, supply chain partners can conduct deals without even trusting each other; code-dependent smart contracts will trigger actions strictly upon meeting agreed terms.
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