Building Smarter Supply Chains With Blockchain
With new technologies taking supply chain operations a level higher each day, it is becoming one of the most sought-after industries. Blockchain is playing a key part in improving transparency, reducing administrative costs, and traceability. But, how can you leverage the power of blockchain for your business and shorten operations?
Luckily, there is not much that you will need to do. We at Prolitus offer blockchain in supply chain management solutions so that you can solely focus on core business issues. Not only will you be able to digitize your supply chain, but you will also be able to unlock new opportunities and reduce costs to a great extent.
Many businesses are betting high- stakes on blockchain to eliminate issues faced with traditional supply chains. Let’s try and understand them:
Features of Our Blockchain-based Supply Chain Solution
Future of Blockchain in Supply Chain Market
Blockchains eliminate the need for information transfer via separate mediums. As a result, data is shared within your enterprise, and transparency is achieved at all levels. While some organizations are skeptical about using blockchain in supply chain management, they are slowly warming upto the idea.
Over the next decade, the blockchain supply chain market is predicted to see a surge in innovation and transformation. Thus, participants will be able to access all information on a single platform. The global supply chain market size is expected to reach $ 9,852.91 million by 2025.
The retail industry has continued to dominate the blockchain supply market, and the same is expected over the coming years. The reason? Steady rise in adoption of blockchain by retail players to organize their supply chain processes.
While the retail industry continues to rule the roost, it is predicted that the healthcare industry will witness the highest CAGR (Compound Average Growth Ratio) in the upcoming decade.
Healthcare service providers are betting high-stakes on blockchain to keep track of healthcare products from start to end. Besides, it will also help pharmaceutical companies to decrease unlawful activities and deal better with the illegal production of harmful medicines and unorganized stock control.
Why Choose Our Tokenized Assets Offering Development Platform?
Prolitus offers solutions that enable you to optimize operations, reduce inefficiencies, and establish intuitive workflows with your existing systems.
- Boost Supply Chain Transparency : Since our solutions run on a blockchain, all parties are on the same page when it comes to product tracking, transactions, and payment settlements.
- Real-time Visibility: Smart-contract functionality lets you automate core tasks, gain real-time visibility, and take timely actions.
- Smooth Supplier Onboarding: Onboarding new suppliers need not be time-consuming for both suppliers and buyers. Expedite your processes with tamper-proof records and smooth record addition facilities.
- Audit Data With Ease: We offer solutions that let you audit a complete trail of data, achieve real-time tracking, and level up your record-keeping with supply chain changes.
- Guaranteed Immutability : Our solutions ensure that all your operations across the supply chain are time-stamped and tamper-proof, and you have only the correct information in place.
- Disintermediation: Supply chains are full of risks, and there is minimum to no trust among participants. We enable peer-to-peer (P2P) interactions that build trust via digital signatures.
- Expert Team: Our team of experts uses the best of tools and approaches to make your products stand out.
- Smooth Development Processes: Our products are designed to meet your target audience’s needs. We design roadmaps that ensure seamless execution and deployment.
- Complete Support: We ensure that you don’t face any issues post product launch and work round the clock to support you with your queries.
- Meaningful Outcomes: We create products that deliver on promises, make customers happy, and help you get good value from your investments.