Blockchain Supply Chain Development
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Blockchain Supply Chain Development Company
Supply chain is one of the rapidly evolving industries, with new technologies disrupting operations and processes daily. The potential of Blockchain in Supply Chain Management (SCM) is gaining significant attention, with the development of Proof of Concept (POC) across diverse sectors. The promising opportunities for improvement include better transparency, traceability, and reduced administrative costs.
Supply Chain is moving a service or product from the supplier to the customer. Although this is a simple way to describe it, the Supply Chain process is a very complex system that involves organizations, people, activities and information sharing.
Blockchain Supply Chain Development Services
Jincoresoft is the Blockchain Supply Chain Software Development company that will help your business reduce costs, increase the process speed and customer satisfaction.
Better Supply Chain Transparency
Supply chains still rely on error-prone manual processes – whether it is preparing lading bills, record-keeping, maintaining information, and more. This manual intervention slows down the operations across the supply chain.
Real-time Visibility
Using Blockchain in supply chain, we leverage smart contracts that automatically execute when pre-defined business conditions are fulfilled. This helps you gain real-time visibility into operations and take timely actions in case of any exception.
Streamlined Supplier Onboarding
Onboarding a new supplier is a time-consuming process for both buyers and suppliers in a supply chain. Our supply chain solution can accelerate the onboarding process with an immutable record of new vendor details.
Auditability
We harness Blockchain to build solutions that provide a full audit trail of data, enabling an everlasting record-keeping along the supply chain. Additionally, the smart contract facilitates real-time tracking of data across the supply chain.
Immutability
We leverage one of the key elements of Blockchain – which is immutability. Our solutions help you ensure that the transactions across your supply chain are time-stamped and tamper-proof, providing you with a single source of truth.
Disintermediation
A supply chain is often beset with risks and lacks trust among participants. Our Blockchain solutions enable peer-to-peer (P2P) interactions that can be trusted on the basis of digital signatures.