Blockchain for Supply Chain Development and Solutions

Supply Chain Application Development with Blockchain

We build permissioned and public supply chain management solutions with blockchain platforms like Hyperledger, Ethereum, Solana, Cardano, and more. A blockchain-based SCM solution enables a business to significantly reduce operational costs, strengthen security, and establish trust across its supply chain. Our blockchain supply chain application development focuses on outcome-driven strategies for supply chain solutions

Eliminate pain points of traditional ERP systems for managing supply chains
Eliminate the need for each stakeholder to maintain its version of the truth

Consolidate disjointed material, information, and finance flow across the value chain
Establish immutability in the provenance of goods

Address challenges like the lack of end-to-end traceability and transparency
Achieve real-time end-to-end visibility to track and trace products and services

Augment physical and financial supply chains with efficiency
Eliminate reconciliation pain points across multiple parties

Address Supply Chain Management Challenges with Blockchain

Explore how blockchain in the supply chain brings solutions to numerous challenges

	Problems	Solutions
Traceability	Lack of transaction traceability across processes	End-to-end audit trail of transactions and operations
Transparency	Absence of end-to-end process transparency	A distributed ledger shared across the value chain
Multiple Stakeholders	Risks involved with multiple stakeholders across the chain	Secure against undesired changes with immutability
Responsiveness	Inefficient responsiveness due to disparate systems	Near real-time with blockchain smart contract solutions
Manual Processes	Deficient digitization and largely manual processing	Automated digitization leads to quicker processes
Compliance	Lack of compliance with regulatory standards	Easily verifiable, tamper-proof data for audit
Reconciliation	Manual reconciliation leads to errors and financial burden	Single, shared source of truth for efficient reconciliation
Lack of Integration	The inability of systems to integrate with technologies	Integration with emerging technologies like AI and IoT
Cost	Increased cost due to maintaining individual databases	Blockchain-based unified and secure data repository to reduce maintenance cost

Our Blockchain Supply Chain Development Services

From suppliers, manufacturers, and distributors to end customers, information accumulated about each touchpoint in the supply chain is available in a permanent, distributed ledger. As a blockchain supply chain development company, we cover a range of services, including

Electronic Data Interchange (EDI) Systems

We create blockchain-based EDI systems for efficient, secure, and transparent multi-party business transactions. Our smart contracts automate processes and enhance supply chain traceability. They enable secure transmission of purchase orders and invoices while meeting industry standards
Procurement Solutions

We develop blockchain-driven procurement solutions for effortless buyer-supplier management. Our developed platforms seamlessly integrate with ERP systems. We use smart contracts to automate payments securely and ensure General Data Protection Regulation (GDPR) compliant handling of supplier data
Inventory Management

We create blockchain solutions for end-to-end supply chain communication to allow stakeholders to track processes, conduct payments, and manage inventory efficiently. From conducting payments and audits to tracking inventory and assets, our solutions facilitate greater supply chain efficiency.
Logistics Solutions

We offer logistics companies complete blockchain logistics solutions for tasks like freight tracking and contract management. Our solutions enable global shipment tracking that provides real-time, secure, and accurate information to buyers, sellers, and regulators. Stakeholders can easily monitor the status, quantity, and location of individual parts with enhanced traceability and security
Tracking and Traceability Monitoring System

We develop compliant blockchain SCM solutions for end-to-end data accessibility and sharing across the value chain. Stakeholders can access detailed information about a product, including its origin, production process, and real-time location. This data can also be shared with customers to validate product authenticity
Process Automation

We create blockchain smart contracts for supply chain operations, automating tasks like arrivals, departures, shipments, and ownership changes. These contracts use predefined rules to facilitate the exchange of nearly any good or service. They establish real-time auditing and automation for production, quality control, and payments in supply chain management

Blockchain Platforms for SCM Solutions

We build smart contracts to automate SCM operations with the following blockchain platforms

Ethereum

Hyperledger

Stellar

Cardano

Solana

Polygon

Avalanche

Algorand

EOS

Hedera

Blockchain for the supply chain refers to the implementation of blockchain technology in the management and tracking of goods and information. It provides an immutable, shared ledger wherein companies can record their production updates.

Blockchain enhances supply chain transparency in the following ways:

Immutable Recordkeeping
Real-time Tracking
Data Sharing across all stakeholders
Smart Contracts
Authenticity of products and documents verification

Outsourcing blockchain-based supply chain services from a specialized provider like Oodles Blockchain can offer several advantages:

Expertise: Access to a team of experts experienced in blockchain technology and supply chain integration.
Cost Savings: Avoid the costs associated with building and maintaining an in-house blockchain solution.
Time Efficiency: Faster deployment and implementation of blockchain supply chain solutions.
Scalability: The ability to scale services up or down based on your specific needs.
Focus on Core Competencies: This allows your organization to focus on core business activities while experts handle blockchain integration.

Blockchain can prevent counterfeit products in the supply chain through its transparency and traceability features:

Immutable Records: Every product is recorded on the blockchain at each stage of the supply chain, making it difficult for counterfeit goods to enter undetected.
Smart Contracts: Automated verification processes can ensure that products meet quality and authenticity standards before they proceed in the supply chain.
Authentication: Blockchain can be used to verify the authenticity of products using Quick Response (QR) codes, Radio frequency Identification (RFID) tags, or other methods.
Real-time Tracking: Real-time tracking allows for the immediate identification of discrepancies or unauthorized changes in product information.

Blockchain can address various challenges in the supply chain, including:

Transparency: Providing real-time visibility into the movement of goods and data.
Counterfeiting: Preventing counterfeit products from entering the supply chain.
Traceability: Allowing for the tracking of products from origin to destination.
Efficiency: Streamlining processes and reducing delays and errors.
Trust: Building trust among supply chain participants through secure and transparent transactions.
Security: Protecting data and transactions from cyber threats and unauthorized access.

They can. First, they can get access to a specific level of transparency regarding the transactions that supply chain actors send to the network. Alternatively, the system's rules may also grant auditing bodies control of the system itself, depending on the use case. For instance, if audits fail, a certifier might stop a producer from issuing more digital assets that carry a certification.