Supply Chain Development

Supply chain is the process involved from the procurement of raw materials till delivering it as a product/services to the end customer. Blockchain can be integrated in the Supply chain process to make it efficient and transparent. Each Blockchain contains a set of transactions entered in the distributed public ledger. 

By using Blockchain in Supply chain, you can take a more novel approach or create a secured peer-to-peer network. Without any third party intervention the Blockchain then is less prone to manipulation.

How Blockhain can help Supply Chain Process

Improve Inventory Management

Blockchain will improve the inventory data by ordering them into sets in the private blockchain. This will reduce the storage of inventory data.

Eliminate Frauds and Manual Errors

The risk of manual errors and missing funds is high in supply chain due to several points from the inception to delivery. Blockchains will mitigate it as every transaction is entered in ledger.

Enhance Relationship with Stakeholders

Customer-Retailer relationship is the core of any enterprise. Blockchain in supply chains can enhance the customer relationship to your enterprise.

Reduced Transportation Cost

Transportation is imperative in any business venture. Blockchain reduces the transportation and courier costs of the ongoing supply chain in the enterprise.

Attributes of Supply Chain

Cryptographic ledgers

Supply Chains contain ledgers of every transactions inside the network. These encrypted transactions cannot be viewed by anyone else outside the network.

No third party involvement

The risk of manual errors and missing funds is high in supply chain due to several points from the inception to delivery. Blockchains will mitigate it as every transaction is entered in ledger.

Shared Datasets

Share the transaction via datasets in the transaction ledgers so that the business transactions will work over seamlessly.

Secured, transparent and trustable

Supply Chain transactions are secured, transparent and trustable so the business transactions can happen within the secure environment.

Multichain Development

Multichain technology is a simple API and command-line interface platform that assists users to establish private Blockchains. It can be used by Organizations for financial transactions. The core objective of multichain is to avoid confusions and to ensure stability over transactions when two Blockchain nodes connect. We beleive that we have formed an idea about Supply chain development and Multichain development for your enterprise private blockchain that assures you on reliability, security and full-fledged cryptic blockchain for your enterprise. We assure you that our supply chain technology along with Multichain development will enhance the security of your private blockchain.