A resilient, sustainable and transparent supply chain
Distributors, resellers and consumers want greater transparency from brand owners, to ensure responsible sourcing and guarantee product authenticity as products travel through the supply chain.
With blockchain, companies can document the end-to-end production process/ product movement to a single shared ledger. Stakeholders can share data at different stages of the supply chain. Transactions are always time-stamped and up-to-date, companies can query a product’s status and location at any point in time. Moreover, blockchain’s decentralized and immutable nature boosts greater confidence in the authenticity of the product’s record, giving customers a venue to verify product authenticity and ethical supply chain practices.