Blockchain in Supply Chain

Digitally track the journey of your products across the supply chain, with greater visibility and efficiency.

Harness Blockchain Technology for your Supply Chain:
Build a Smarter Supply Chain

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. At Antier Solutions, we offer business-oriented solutions for integrating Blockchain into supply chain management. By leveraging our solutions, you can digitize your supply chain while reducing operational costs and unlocking opportunities without adding risk to your ongoing operations. Act now to modernize your supply chain and prepare your business for the future. Contracts and storing information in a decentralized, tamper-proof ledger, blockchain’s potential to revolutionize businesses spans applications and industries.

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Challenges in Conventional Supply Chain Management

The traditional supply chain management process is beset with inefficiencies, including the following:

Lack of Visibility

Diverse record-keeping and reporting systems result in incomplete, siloed, and unreliable manifests, certifications, bills of lading, and more. Lack of visibility poses challenges in identifying the provenance of data.

Disconnected Supply Chain Participants

A supply chain involves various independent participants – such as producers, brokers, transporters, processors, wholesalers, retailers, and consumers – who may lack trust and be hesitant to share data.

Lack of Product Traceability

The vague, untraceable product characteristics lead to ambiguity in the product information. Traceability problems are a result of inefficient and manual record-keeping and supply chain complexity.

Costly Data Reconciliation Process

Supply chain management leads to a large amount of duplicate data. Huge efforts and tedious, costly reconciliation processes are required to track data across the supply chain, from start to finish.

Lack of Transparency

The current supply chain management process often faces challenges knowing the real-time location of goods. To find the source of flawed parts and the origin of previously shipped goods.

Delayed Operations

Supply chains still rely on error-prone manual processes – whether it is preparing record-keeping, maintaining information. This manual intervention slows down the operations across the supply chain.

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RevInfotech

Blockchain in Supply Chain Management

We offer solutions that help you optimize your operations and reduce inefficient, error-prone
processes with intuitive workflows that can be securely integrated with your existing systems.

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 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.

Features of our Blockchain-based Supply Chain Solution

We have reinforced our supply chain solution with the following features to deliver high performance.

Smart Contract

The smart contract automates and accelerates the processes across the supply chain – such as creating and sharing invoices, instant settlement of payments, and more.

Multi-currency Wallet

The multi-currency wallet enables secure storage and transfer of cryptocurrencies that may be used to drive transactions on Blockchain-driven supply chain platform.

Instant KYC and AML

Blockchain-driven KYC and AML verification processes accelerate user identity verification and simplify user onboarding every time a new user is added to the supply chain.

Reporting Dashboard

The intuitive reporting dashboard provides real-time access to balance reports and transaction reports, enabling complete transparency and helping in well-informed decision-making.

Funds Management

The funds management system simplifies the management of funds and provides details, including the total supply of funds, funds in circulation, and more.

User Management

The robust user management system makes it easier to manage stakeholders, block or suspend users, and more. In addition, it helps manage user logins, privileges, permissions, and roles.

Our Process

We follow a four-part innovative process to steer your development journey.

Contextualize

We work hands-on with you to comprehend your needs and contextualize blockchain for your business. We do so while exploring the benefits and challenges and co-innovating around the use case.

Orchestrate

We help you prepare for the market disruption as a result of a successful supply chain solution launch. Our strategy and advisory services help you gauge organizational readiness and devise a go-to-market plan.

Build

We design and architect the supply chain platform, leveraging our rich domain knowledge and breadth of expertise. We work across the organization to engage stakeholders to build solutions ready for deployment.

Implement

We implement the supply chain solution and authorize updates and changes. We constantly deliver our services and support even after product deployment to ensure that our solutions have a tangible impact on our clients’ businesses.