Building a better Supply Chain through Blockchain

Blockchain can provide increased supply chain transparency but it provides multiple benefits. These benefits can be split into primary & secondary.

Primary:

Increase traceability of materials within the supply chain to ensure corporate standards are met

Lower losses from counterfeit market and therefore provide authenticity of product to consumers to build brand value

Improve visibility & compliance

Reduce paperwork and administrative costs through digitalisation

Secondary:

Strengthen corporate reputation through providing transparency of materials used in products

Improve credibility and trust of data

Reduce public relations risks from Supply Chain malpractice

Enhances engagement with multiple stakeholders within the Supply Chain