Build Smarter Supply Chains with Blockchain and Smart Contracts and Transform them into Smart Growth Enablers
"At a basic level, blockchains mean that no piece of inventory can exist in the same place twice." Paul Brody, EY Global Innovation Leader, Blockchain
We build permissioned and public supply chain management solutions with blockchain platforms like Hyperledger, Ethereum, Corda, Multichain, and more. A blockchain-based SCM solution enables a business to significantly reduce operational costs, strengthen security, and establish trust across the supply chain. Our blockchain development services focus on outcome-driven strategies for supply chain solutions
Eliminate pain points of traditional ERP systems for managing supply chains
Eliminate the need for each stakeholder to maintain its version of the truth
Consolidate disjointed material, information, and finance flow across the value chain
Establish immutability in the provenance of goods
Address challenges like the lack of end-to-end traceability and transparency
Achieve real-time end-to-end visibility to track and trace products and services
Augment physical and financial supply chains with efficiency
Eliminate reconciliation pain across multiple parties
Lack of transaction traceability across processes
End-to-end audit trail of transactions and operations
Absence of end-to-end process transparency
A distributed ledger shared across the value chain
Risks involved with multiple stakeholders across the chain
Secure against undesired changes with immutability
Inefficient responsiveness due to disparate systems
Near real-time with blockchain smart contract solutions
Deficient digitization and largely manual processing
Automated digitization leads to quicker processes
Lack of compliance with regulatory standards
Easily verifiable, tamper-proof data for audit
Manual reconciliation leads to errors and financial burden
Single, shared source of truth for efficient reconciliation
The inability of systems to integrate with technologies
Integration with emerging technologies like AI and IoT
We build smart contracts to automate SCM operations with the following blockchain technologies
From suppliers, manufacturers, and distributors to end customers, information accumulated about each touchpoint in the supply chain is available in a permanent, distributed ledger
We build coherent blockchain-powered EDI systems to enable efficient, secure, and transparent multi-party business transaction processing. Our blockchain smart contract solutions automate transaction processing while also establishing a trace and track framework across the supply chain network. They enable EDI systems to transmit contractual information like purchase orders and invoices across the value chain securely and seamlessly. Our solutions ensure adherence to industry standards of information exchange
We build blockchain-based procurement solutions to enable seamless sourcing, onboarding, and maintenance of buyer-supplier relationships. Procurement platforms built by us integrate with enterprise systems like ERP for additional efficiency. Our solutions combine blockchain smart contracts and supplier data to put payments on autopilot across enterprises. They enable sharing of supplier data only after the consent of owners while storing personal information off-chain for GDPR compliance
We build blockchain solutions that establish end-to-end communication across the supply chain from manufacturing to sale. They enable process tracking and reporting throughout the processes of inventory management. Stakeholders can check and verify data at every single checkpoint. From conducting payments and audits to tracking inventory and assets, our solutions facilitate greater supply chain efficiency. Our solutions enable advantages like fewer errors, reduced costs and time, and a digitized inventory management process
We provide logistics companies with end-to-end blockchain-based logistics management solutions for use cases like managing freight tracking and contract management. We build blockchain solutions that enable buyers, sellers, and regulatory authorities to track goods shipped globally. Integrating blockchain ensures accurate and real-time information availability amongst multiple parties. Stakeholders involved in processes can check the status, quantity, as well as location of individual parts with enhanced traceability and security
We build regulatory-compliant blockchain-based SCM solutions that enable end-to-end data accessibility and sharing across the value chain. With fine-grained permissions, stakeholders can see a product’s location, who made it, how they made it, and its expected delivery. They can also track each asset’s origin, properties, and movements across trade zones in real-time. Companies can enable sharing of track and trace data with customers to provide provisions for validating product authenticity
We develop blockchain smart contracts for supply chain solutions that automate contract executions related to arrivals and departures, shipments, changes of ownership, and other supply chain operations. Our smart contracts are automated contracts that use pre-defined rules to facilitate the exchange of nearly any good or service. They establish real-time auditing for compliant processes and workflows. With smart contract solutions, supply chain managers can automate conditions of production, quality control, and payments
At Oodles, we develop supply chain solutions that include the following industries but are not limited to them
Blockchain can support internal operations by maintaining a continuous clustered record of supply chain monitoring events. It can log Internal connections into the database of blockchain, but most architectures of blockchain concentrate on external traceability. Various blockchain platforms can scale to suit the needs of a wide supply chain network.
In a distributed ledger network, accountability is a problem. Many blockchain innovators' ideology is to have as much accountability as possible which might not be among the priorities of a food supply chain. Most blockchain systems are set up in such a way that the output of each transaction can be seen through the network. Although this may be ideal for a vertically integrated provider, those who wish to secure those data can have smart contracts within a blockchain that regulates information accessibility.
They can. First, they can get access to a specific level of transparency regarding the transactions which supply chain actors send to the network. Alternatively, the system's rules may also grant auditing bodies control in the system itself, depending on the use case. For instance, if audits failed, a certifier might stop a producer from issuing more digital assets that carry a certification.
Trust in emerging technology. As with all emerging innovations, consumers need to become familiar with and trust the technology. Organizations that exchange data need to be sure that sensitive information is secure. Trust in the overall solution. The more data stakeholders share, the higher the degree of accountability will be in the supply chain, and the greater the effort needed to gain the trust of participating companies.
When businesses only exchange a limited amount of data about the supply chain, the solution does not realize its full potential. Gaining the trust of businesses participating in the overall solution (technology, governance, benefits, and more) is a necessity for convincing them to exchange data. There is no benefit without sharing the data.
Blockchains have a decentralized network where various auditors can collaborate efficiently. When combined with a shared identity system, it can minimize overheads caused due to dual auditing as well as double counting fraud.
Blockchain is a way of introducing transparency in the supply chain, enabling participants access to rich information about the cargo, its location (i.e. its progress of events in the supply), and the parties involved in that flow. Increased transparency can result in greater efficiencies, like making cargo re-routing decisions (while en route) and increasing customs' ability to carry out risk-based inspections. These and related advantages can speed up the trade flows.
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