Blockchain-based
Product Traceability Solution
Ensure complete product movement transparency. The unchangeable nature of blockchain reduces the chances of unintentional mistakes and tampering. Especially in the second-hand market, it can provide trustful data which can facilitate buyers’ understanding and give them peace of mind to carry out the transaction.
Challenge
Manufacturers would lose visibility of their products once they left the warehouse—they’d have to depend on distributors and store owners for additional data such as the number of units sold. But with these tags, they can now track their goods at retail stores and even past points of sales.
Solutions
Avoid Delays
Able to quickly pinpoint specific scenarios and factors that lead to bottlenecks and delays.
Demand Analysis
Get a better view of the demand for each product in different locations
Supply Alert
Gain insights on consumer appetite for their products and align their supply accordingly
Smart Logistics Tracking
Allow enterprises to detect counterfeiting, track and trace products and provenance using blockchain, to perform product recalls and to harness business intelligence for better business planning and personalized interaction with their customers
Benefits
Workplace Automation
Our technology allows for the automation of many previously manual methods, like workforce reporting. Under their formal approach, as the product passes through each assembly station, employees must stop what they're doing, get into the computer and report the number of correct operations. Each product, each assembly line takes about 10 minutes.
Avoid Mistakes
Manual action also increases the likelihood of inaccurate reporting. These issues impact inventory and transactions, resulting in shortages and inaccurate inventory levels, resulting in more time and money spent ordering additional inventory, filling orders, and rushing work for required components.
Prevent Over-stocking
By identifying the weakest products, manufacturers can improve or even reduce poorly performing product lines to adapt to fluctuating demand.
Avoid Delays & Damages
Identify where bottlenecks and damages take place, predict and reduce the likelihood of future delays.
Inventory Management
Improve alignment between demand and supply, and improve regulatory compliance.