- Extraction of Raw Materials
- Suppliers: Transportation Phase
- Manufacturers: Production Phase
- Customers: Distribution Phase
Extraction of Raw MaterialsConsumer demand for information about product provenance is more crucial now than ever before. With a decentralized blockchain integrated with IoT, identification of product provenance can help reduce counterfeiting and provide the customer with verified data about origin. This prevents health issues and increases the value of items in each consecutive supply-chain flow.
Suppliers: Transportation PhaseBlockchain is the natural evolution of event-sourced storage. Transportation and logistics issues can be resolved with distributed information systems, a viable means of guaranteeing clients that goods have been transported under the correct conditions and timelines.
Manufacturers: Production PhaseEnd-to-end supplier logs and workflow monitors allow real-time data access, proof of origin, and tracking of the manufacturing process and control inputs.
BrokersAn interlink network between stakeholders will help brokers to certify origin as well as the transformation process with sealed IoT devices on the blockchain.
Customers: Distribution PhaseIoT and blockchain-integrated solutions will add value and reliability in the eyes of customers, who are given full view of supply-chain management steps, from extraction of raw materials to the ultimate destination point. This includes KYC verification for regulated products.