Customer Apps / Commodities / Provenance and Visibility App

Provenance and Visibility App

Implement a blockchain-based platform for multi-tier provenance and visibility, enabling risk-free contracts and improved efficiency while allowing participants to track sustainability and ESG commitments.

Overview

As organizations deal with growing concerns about the fragility of global supply chains, ESG (environmental, social, and governance) factors, and sustainability issues, there is a pressing need for increased stability, resilience, and transparency. Customers demand trusted traceability, requiring a platform-based approach that digitally connects all supply chain participants.

Organizations can achieve multi-tier provenance, visibility, and true transparency by addressing these key challenges:

Connecting organizations with suppliers down the supply chain, providing pristine visibility of raw materials, sustainable sourcing, and environmental impacts.
Offering verifiable information to support consumers increasingly interested in sustainably sourced products and brands.
Generating deep-tier data by onboarding multi-tier suppliers into the network, increasing the value of the digital operating model from a risk assessment perspective.
Reducing operational costs, mitigating the risk of error, and providing auditability, tamper-proof records, and transparency for corporates and banks participating in the digital operating model.

Can’t find what you need? Configure it yourself.

With our HyperConnect technology, you can quickly configure a custom app to address your unique supply chain orchestration challenges—in as little as 6 weeks.

App Features

Drive the supply chain digital network with predetermined, automated contract elements, shipping & customs documents, and global payment processing using smart contracts.

Enhance collaboration with multiple parties in multiple geographies by improving user-efficiency and end-user experience.

Enforce effective risk-free contracts across distributors/customers in multiple geographies and optimize supply chain with digital integration with systems of records/ERP systems.

Drive greater visibility and transparency across the digital network of multi-tier suppliers with tamper-proof records of documents/data exchanged with auto-matching and reconciliation and sharing on peer-to-peer basis in real time.

Share a secure real-time information about transactions with status flags that ensure the digital network members can quickly and effectively triage a vast range of operational issues and enable optimized shipping of supplies.

Map your supply chain and measure performance across ESG factors to decarbonize your supply chains, which requires innovative solutions and collaboration across many parties.

Maintain an accurate data and digital document repository with auditability across functional departments and ecosystem participants in a multi-tier environment involving multiple geographies.

Generate real-time reports and secure tracking of sourcing, chain of custody with verified documentations and certifications as tamper-proof digital records for future use and compliance.

Business Benefits

Value transfer to deeper tiers of the supply chain. It leads to a healthier and happier set of suppliers creating a strong supply chain network.

Large enterprises gets increased ecosystem visibility across the multi-tiers in the value chain, supporting their sustainability/ESG policy as well as financing needs

Resiliency and competitiveness are greatly increased with digital sharing of data/documents reducing manual errors and lead times

The app helps mitigate risk in the multi-tier supply chain framework with deep-tier visibility, auditability, and track/trace capability on data/document flows.