Client Introduction & Business Requirements:
Our client, a giant drinks manufacturing company wanted to record, store and analyze crucial data relating to their product, throughout its supply chain journey, from manufacturing through to its purchase by customers. They wanted a uniform, secure platform for data entry and analysis throughout
the following steps-
1) Product manufacturing.
2) Product’s transport to warehouse.
3) Purchase by wholesale distributors.
4) Order placement by retail owners.
5) Purchase by customer(s).
Solution Overview:
With a Blockchain Provenance Backbone in place, product manufacturing details such as batch number, manufacturing date, and date of expiry, were registered on the network using a Hashed Key/ Barcode. Inventories of the product batches being transported to the warehouse were stored in the blockchain network along with the data associated with order management,
units dispatched, and batch details.
Following this, analytics was performed for effective price optimization, future performance prediction, and demand prediction.
Hashed transaction details were immutably stored in the blockchain when wholesale distributors purchased the product, and when retailers placed orders with the distributors. Once again, the transaction details were
recorded and hashed in the blockchain network when customers bought the product from the retail shop.
Business Benefits:
Traceability
Enterprise Grade Security
Efficiency through Decentralization
Trust through Consensus
Real-time Transfer and Settlement
At Knowledge Lens, we constantly work towards improving our product technologies, so your business can do more for you. We have partnered with Microsoft to provide Indian SMBs with intelligent Analytics Solutions for Supply Chain, Sales & Marketing verticals at a nominal pay-as-you-go fee.
Customers have the ability to customize their package as per their unique business requirements. What’s more, you can engage in a 2 hour workshop led by experts & a 50% discount on POCs for qualified opportunities.
Scale operations & drive business transformation with us. Contact us here to get in touch with our solution experts, so we can get talking on the right tools & resources to leverage your business data and analytics.
