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FCElegance: FCE Group’s distinctive supply chain traceability solution

The global upheaval that has affected supply chains has also severely impacted trust, a critical factor in commerce. Since the pandemic began, waves of counterfeit and substandard products have flooded store counters and a large portion of online sales. To prevent this fraud, businesses need something better than existing solutions. That’s why FCE has developed FCElegance, a blockchain-featured traceability platform.
FCElegance: FCE Group’s distinctive supply chain traceability solution
FCElegance: FCE Group’s distinctive supply chain traceability solution
FCE has developed FCElegance, a supply-chain traceability system that affordable for small and medium-sized businesses
FCE has developed FCElegance, a supply-chain traceability system that affordable for small and medium-sized businesses
FCElegance leverages asset tokenization and Web3 solutions compatible with GS1 RFID tags and IoT sensors
FCElegance leverages asset tokenization and Web3 solutions compatible with GS1 RFID tags and IoT sensors
The combination of centralized and decentralized technology provides a high level of protection for the system
The combination of centralized and decentralized technology provides a high level of protection for the system
ERP isn’t enough to manage supply chain complexity
Even with ERP systems, audits, and transaction controls, getting visibility into composite and international supply chains remains a challenge. The most common traceability solutions still have several drawbacks:

- They are expensive and thus inaccessible to SMPs
- They lack traceability
- They depend largely on human operators
- They have a centralized and digitally vulnerable structure
- Incompatibilities exist between different accounting and control systems, etc.

Gartner estimates that 55 percent to 75 percent of all ERP-related initiatives fail to meet expectations. Corporations require help with management and budgeting, as well as security breaches, malfunctions, and data exchange bottlenecks.

These complexities, risks, and supply chain constraints can be avoided by expanding your search for technology beyond ERP.
FCElegance Product DNA
FCElegance is a blockchain-based digital supply chain system that directly connects supply chain participants to a cloud-based platform that offers instant notarization of collected data on the FCE blockchain. This preconfigured integration capability can restore trust and establish supply chain traceability more easily and efficiently than upgrading an ERP solution.

1. Based on in-house experience and broad analysis

FCE's analytics team, composed of experts in food and commodity supply chains, traceability, and distributed ledger technology (DLT), thoroughly examined FCE Group's work with early adopters and existing supply chain traceability solutions including GS1 and ESR documentation, Amazon, UBS, and ISO standards. Analysts paid special attention to blockchain, DLT-based solutions, and reviews provided by technology vendors and consulting firms such as IBM, Deloitte, and Consensys.

2. A complementary solution

FCElegance bundles the most effective solutions and increases data visibility throughout the supply chain by leveraging asset tokenization and Web3-compliant GS1 RFID tags and IoT sensors. Tokens, the digital twins of assets, can be easily tracked through independent data entry, collection, and monitoring. Since all parties have access to a distributed ledger (the FCE blockchain), each party can view transaction statuses, detect errors and bottlenecks, and easily identify who is responsible for each action. FCElegance takes into account the needs of all stakeholders.
FCE has developed FCElegance, a supply-chain traceability system that affordable for small and medium-sized businesses
FCE has developed FCElegance, a supply-chain traceability system that affordable for small and medium-sized businesses
FCElegance leverages asset tokenization and Web3 solutions compatible with GS1 RFID tags and IoT sensors
FCElegance leverages asset tokenization and Web3 solutions compatible with GS1 RFID tags and IoT sensors
The combination of centralized and decentralized technology provides a high level of protection for the system
The combination of centralized and decentralized technology provides a high level of protection for the system
3. Trusted data management

The Web3 supply chain offers many advantages, such as decentralized data management, collection, aggregation, monitoring, and control of supply chain elements. It radically increases accountability by linking documents to every action and stakeholder, taking digital workflow to a new practical level while reducing operational costs.

The combination of centralized and decentralized technology provides a high level of protection against fraud and human error for all supply chain participants. The FCE blockchain coordinates non-interacting and non-subordinate connections, providing them with transparent data access as needed. This access can be public by default or granted upon request.

In addition, comprehensive transparency addresses the growing consumer need for greater transparency by providing additional information about products and producers.

4. Sustainable Performance

FCElegance uses FCE's “Green Blockchain,” a zero-carbon technology. The FCE blockchain consumes a minimal amount of energy due to its architecture, and the carbon footprint of each transaction is offset by carbon certificates. This means that switching to FCElegance allows companies to operate more sustainably.

5. Availability across three tiers

FCElegance is affordable to integrate and doesn’t require a large time commitment or additional employee qualifications. FCE is focused on making its products widely available so that transparency and high standards of supply chain traceability can become mainstream.
FCE GROUP AG Platz 4, 6039 Root D4, Switzerland
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