Asset-Tracker

This is a decentralized supply chain app for asset tracking. Large no. of companies have been using the blockchain technology for supply chain applications. This factor bolsters the market

Problems with supply chain

• Difficult for small businesses
• Outdated technology
• Current manufacturing lacks accessibility to the procurement process
• Businesses lack intellectual property protection

Solution

• Rules can be agreed upon beforehand and applied to the blockchain
• Blockchain can help companies realize the digital supply chain by providing a "single version of truth" for the entire supply chain
• By sharing important information such as sales data, inventory levels and shipment information, companies can eliminate information delays and the uncertainty that contributes in inflated safety stock
• With all partners posting to a common ledger, businesses can gain visibility to the entire networks, from their suppliers to their customer's customers

This enables them to foresee problems and address them, resulting in a smoother, more efficient supply chain