Solution

Supply Chain Automation

Automating business processes in the supply chain using smart contracts plus trusted sensors and data

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Problems

  • Goods, documents, and money flows in supply chain are all manual processes (e.g., payments are made upon manual verification of delivery)
  • The friction between IoT platforms, ERP, supply chain, MS Word, and financial record-keeping systems results in a slow digitization of supply chain
  • Untrusted data from IoT devices (e.g., GPS, temperature loggers) cripple the ability to automate business processes and is not secure enough to support financial flows
Clients

Supply Chain and Logistics


Applications

Trade Finance, Insurance

Solutions

  • Smart contracts, i.e. business contracts codified on the blockchain, can support multiple-parties including shipper, receiver, and also third-party insurance and financing parties
  • When a shipment with a trusted IoT chip arrives, and signs a random string sent from the hardware scanner, this can be used as evidence of arrival in the smart contract, and money flow can be automated

How it Works



Codify business agreements on the blockchain using smart contracts



Affix machine-readable and cryptographic identities to shipments and register them on the blockchain



IoT chips and hardware devices “sign” events that trigger the execution of business logic in the smart contract

Get Started

Learn how to get started on your own or let us build it for you.