Supply Chain refers to the process that involves everything from the provenance of goods to supplying them to the end-customer. Blockchain in the supply chain can make its operations more transparent. Each blockchain has stored a set of transactions made in the distributed, public ledger. The supply chain is further used to secure and make the shared ledger information transparent between various businesses.
By incorporating Blockchain in Supply Chain, businesses can have a secured, peer-to-peer network. Due to no third-party intervention, the blockchain technology becomes less prone to manipulation and data hacks.
Role of Blockchain in Supply Chain Process :
Improves Inventory Management Blockchain in Supply chain management helps enhance the inventory data by segmenting them into sets in the private blockchain.
Optimum Manual Errors and Frauds Blockchains can reduce manual errors and frauds as each transaction gets stored in the ledger.
Reduced Transportation Costs Blockchain helps decrease the transportation and courier costs and overheads of the existing supply chain in the company.
Enhanced Relationship Between Customer-Retailer Customer-retailer relationship is one of the crucial aspects for any venture to succeed. Blockchain in supply chains can strengthen the customer-retailer relationship within your enterprise.
Why Elect Us For Blockchain and Supply Chain Development ?
Due to our excellent blockchain services offering, we are now one of the leading blockchain and supply chain management companies in India providing top-class blockchain development solutions to the manufacturing players. Also, we have carved our niche in ERP and Blockchain. We combine the startling aspects of these two disruptive technologies to offer you the most sustainable supply chain development solutions.
Why Oodles ?
Trusted name in Supply Chain Blockchain Development Solutions.
Hands on experience in using distributed ledger technology.
Prime focus on efficiency, transparency, security and traceability.
World class smart contract development solutions for varied use cases.