Managing today’s supply chains, starting from goods manufacture and their istribution, is extraordinarily complex. Depending on the product, the supply chain can extend to hundreds of phases, multiple geographic locations, a multitude of invoices and payments, and can last for months involving different people and entities.
It is extremely difficult for customers or buyers to know the products true value because of a significant lack of transparency. Similarly, it is extremely difficult to investigate supply chains when there is a suspicion of illegal or immoral practices.
The “Distributed Ledger” function in the supply chain
Due to the complexity and opacity of the current supply chain, there is a great interest in blockchain solutions for the supply chain and logistics sectors.
Applying blockchain solutions to supply chains, every products ownership tranfer transaction can be documented, originating a permanent product history from production to sale. This could drastically reduce time delays, costs and human error.
Let’s see how blockchain technology could improve thefollowing tasks:
- Verification of product certification: for example to verifythe biological or correct origin of food products
- Record of goods shipment details such as — pallets, trailers, containers, etc — while moving between the supply chain nodes.
- Track purchase orders, change orders, receipts, shipping notifications or other trade related documents.
- Linking physical assets to serial numbers, barcodes, digital tags, etc.
- Sharing information on products manufacture, assembly, delivery and maintenance among suppliers and sellers.
Scrypta role as to guarantee the supply chain
Scrypta’s blockchain allows to build open supply chains in which all actors — such as raw materials producers, logistics and shipping companies, raw materials processing industries, packaging and marketing companies and retailers — can provide data and information and verify all supply chain participants data with maximum transparency. Finally, product data can be shared for the benefit of consumers.
Scrypta guarantees a clear information flow free from irregularities. And we can imagine a near future where a product label scan will show its path from origin to consumers.
Scrypta has an efficient and fast blockchain (60 seconds per block) that allows to implement complex tracking infrastructures on solid and accessible foundations.
Through the automatic recording of information in the network it is possible to create a permanent product history and track its production chain. Each information acquired is validated by the network of companies that form a consensus. After each “block” (registration of each transaction) has been validated, it is added to a “chain” of transactions, becoming a permanent record of the whole process.
Therefore, it is possible to record continuosly all the data on the quality of a production batch. The data will remain indeleblely recorded and it will not be possible to manipulate and / or alter it.
Our technological proposal has the potential to allow both producers and their customers to start an innovative path of traceability in their supply chain.
SCRYPTA - Archiviazione e VerificaWebsite: www.scryptachain.com
Block Explorer: https://chainz.cryptoid.info/lyra
Official Github: https://github.com/scryptachain
Twitter: https://twitter.com/scryptachain
Discord: https://discord.gg/mrVQvhB
Telegram: https://t.me/scryptachain_official
e-mail: info@scryptachain.org
