Searching for the best blockchain solutions for supplychain? Here, Coinjoker-Blockchain development company offers trackable and traceable solutions for your movable goods and services !!
Blockchain has established its potential to bring out positive changes in many industries and businesses till date including the supply chain industry. In fact, supply chain management is one of the most obvious and useful applications of Blockchain technology, therefore, we can expect it to grow at a very fast pace in the near future. The source of the successful operation of a supply chain management system is to keep a robust, transparent and end-to-end communication.
What is Supplychain Management?
Supply chain management includes the end-end combined planning as well as the execution of variety of processes. This process involves mobility of different material flow, information flow as well as financial capital flow.
We Coinjoker a leading blockchain development company offers Blockchain Supply Chain Development Solutions for Logistics and FMCG industry. We create a secure, scalable and transparent solutions that helps you to build an accurate end-to-end tracking in the supply chain ecosystem
In simple words, The maintenance and the management of the flow of goods, services, and information involving the storage and movement of raw materials, manufacturing and building products as well as full-fledged finished goods which are moving from one point to another is called as supply chain management.
A supply chain is acting by the participation of a network of individual entities, organizations, businesses, resources as well as technologies that combine together in the manufacturing of a product or service.
TechStack for Blockchain SupplyChain Solutions
Frontend – Angular Or React
Backend – NodeJs or GoLang
Database – MySQL or MongoDB
Data Streaming Mechanism – Redis
Blockchain – Hyperledger Fabric Or Multi-chain
Payment Mode – Cryptos, Fiat and Token
Benefits of blockchain in supply chain management:
Blockchain solutions offers a wider range of scalability by any large database is accessible from multiple locations from around the world. Blockchain solutions also provide higher standards of data security and the ability to customize according to the data feed. Moreover, blockchains can be created in a private manner too which will allow the data to be accessed explicitly between the parties who have required the own permission for it.
Some other benefits of adopting blockchain technology in supplychain
- Reduce or eliminate fraud and errors
- Improve inventory management
- Minimize transport costs
- Reduce delays of time,effort from paperwork
- Identify issues faster than manual
- Increase consumer and partner trust
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