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Typical Supply Chain Industry Challenges

From smaller wholesalers to global enterprise companies in product supply and distribution, every organization’s supply chain faces an equivalent hazards and obstacles:

- Scattered, delayed, incomplete, unreliable information available to chain members.
- Undue costs attached to inventory management and paperwork.
- Natural disasters, unforeseen shortages, demand spikes.
- Insufficient traceability of assets.
- Fraud and theft, human error, counterfeit goods, and lack of security.
- Inability to fulfil customer expectations.
- Lack of universal and maintainable database.

Why business supply chains run better on blockchains

Complete transparency

Any blockchain-stored records are simultaneously and instantly available to senders, receivers, shippers, and regulators and always are going to be .

Certifications & compliance

It’s never been easier for enterprises to manage compliance, verification, and certification of products and employees.

Smart contracts

Simplify and improve arrivals and departures, shipments, changes of ownership, and other operations. Reduce costs by automating procedures that previously required manual execution before.

Seamless collaboration

Blockchain-based systems allow multiple entities and participants to effectively communicate using electronic signatures and collaboration opportunities.

Secure operations

Decentralized and encrypted, records on permissioned blockchains can't be deleted, hidden or tampered with, and are safe from unauthorized access.

End-to-end traceability

Track each assets’ origin, properties, and movements across trade zones and borders. Identify fraud, theft, and damage, and take action to stop failure before it happens.