Blockchain-based systems support safeguarding the accuracy of product certificates and reduce risks of fraud and adulteration

Bringing trade finance products and processes (such as a letter of credit) onto the blockchain enabling security, sharing of information between exporters, importers and their respective banks.

Blockchain enables efficiencies for information transfers and data-sharing as well as for transaction execution among multiple entities in a supply-chain environment. Blockchain will allow all the entities to work off the same data – a single version of truth. As each partner updates the block, the trusted, real-time data can be used to optimize forecasting and transportation planning. Data transparency and availability of data in real-time using blockchain, addresses challenges of reactive planning and replenishment. It is a sequence of records, both accessible and immutable.

“At its most basic level, the core logic of blockchains means that no piece of inventory can exist in the same place twice.” Paul Brody. Inventory optimization is a key component for top line and bottom line yet keeping customers happy. Move a product from finished goods to in-transit, and that transaction status will be updated for everyone, everywhere, within minutes, with full traceability back to the point of origin.