“Deliver Value to your Customer, Optimize business transactions and maintain your Trading Relationship”
Lack of transparency and accountability are two major factors of the supply chain. The Blockchain technology is positioned to address this problem with a fundamental advantage of a distributed ledger system. No single person has control and no tampering of data is ever possible with this technology. Global supply chains are all set to get better. Thanks to Blockchain.
Attributes of Supply chain Blockchain
- Distributed ledger technology
- Peer-to-peer – Transaction happens between the concerned parties only and no third party intervention
- Cryptographic – All transactions are sealed in the blocks
- Chronologically recorded
- Smart Contracts
- Transparent
- Secured
- Traceable
- Trustable
- Greater visibility
- Efficient
In short, Blockchain extends efficiency to all adopters and facilitates real-time growth in world trade. If you are one of those organizations who are always craving for the nanoseconds of the competitive advantage from your supply chain, then you need a novel approach to create the difference. Blockchain lets you to not only transform the supply chain for efficiency but also enables you to create a distinct approach for both your customers and partners. You can bring breakthroughs at every level of trade.
How can you Improve Efficiency using Blockchain Technology?
OpenXcell is all set to help customers who have a keen focus on projects in supply chain strategy and transformation using Blockchain technology. Our experts will help you append again, this time with Blockchain technology. Our team of experts, the “Blockchain artists” will help you deal with all the requirements for creating a transparent supply chain process with clean dissemination of data by developing a distributed ledger for your supply chain. Our enterprise Blockchain solutions are totally customizable and can cater to the need of transparent multi-party transactions.
Go ahead, and request for a blockchain consultation. OpenXcell is always ready to serve you.
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OpenXcell offered me one of their lowest estimates and really delivered.
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FAQs
Frequently Asked Questions on Supply Chain Blockchain
The following benefits can be derived from using blockchain in supply chain management:
- Goods traceability and transparency
- Improved inventory management
- Ethical and sustainable sourcing support
- Fraud protection and enhanced security
- Enhanced efficiency and speed of transactions
- Streamlined auditing and compliance
- Product authentication and counterfeit prevention
There are a number of industries that can benefit from the use of supply chain blockchain technology. Some of them are Finance and Banking, Healthcare, Insurance, Cyber Security, Information and Communication Technology, Entertainment, and Transportation.
OpenXcell’s blockchain solutions are tailored to meet the unique supply chain requirements of your business. From origination to distribution with our custom blockchain supply chain solutions, you can automate your entire supply chain workflows, reduce maintenance costs, and track consignments in real time.
Custom blockchain application development cost varies from $30,000 to $300,000. The overall cost of blockchain development is influenced by a number of factors, including the hourly rate of developers, the location of the blockchain development company, the features and technologies of the blockchain app, etc.
