Imagine a platform wherein we can have our vendors and customers together, the vendor is intimated when we receive a sales order from our customer and the requirement is planned based on the Bill of Materials. In case, there are more than 1 vendor supplying the same material, the visibility can be customized and the permissible level of each party in the supply chain can be controlled. Critical data like the prices or project details if any can be chosen to have selected visibility for relevant parties only.
Blockchain is a technological platform which had achieved significant business benefits in the industry over the past many years. Greater transparency, enhanced security, improved traceability, increased efficiency, increased speed of transactions and reduced costs are few of the standard benefits the technological platform is capable of providing.