Recent studies show that transparency of supply chains directly affects the performance of companies: the closer the links in the chain are connected informationally, the more coordinated their overall work is. Today we will tell you about a special supply chain tracking tool that was developed by FCE BLOCKCHAIN. It is called PRORID: product origin identification.
Often, when working with internal databases, companies are faced with the problems of their insecurity and unsustainability. This can be avoided by using a distributed database based on blockchain technology.
User-friendly PRORID interface
allows you to work with it even without any special skills to work with databases.
Information about products, ingredients and supply chain movements can be open to the end customer, which eliminates the possibility of fake goods.
In addition, the openness of supply chains to the end user significantly increases the credibility of the company.
A record on a blockchain about a product may contain its composition, recipe, production technology, and may be interlinked to other records, for example, records of ingredients or stages of delivery.
In order to connect batches of products with PRORID records, company can use marking with QR code stickers.
By labeling each of its batch of products, the manufacturer gives the consumer access to complete information about the product, as well as confirmation of its authenticity and expiration dates.
The massive use of such solutions will transform modern production and turn it into Industry 4.0
. A simple, but safe and trustworthy tool will make businesses transparent and understandable to the consumer, for whom the supply chains have previously been closed.