The problem LogChain solves
LogChain is a decentralized provenance application that tracks the ownership and movement of a product or asset through its life cycle. It records each event or transaction that occurs, creating an immutable record of the history of the product or asset. This can be useful in a variety of applications, such as luxury products, where it can help to ensure the authenticity and traceability of products, or limited edition products, where it can help to authenticate and track the ownership of personalized work. By using a provenance system that leverages blockchain technology, customers can have confidence that the products they are purchasing are genuine and not counterfeits.
LogChain can solve a number of problems, including:
- Counterfeit products: By providing a transparent and secure record of the history, it can verify its authenticity and prevent the sale of counterfeit goods.
- Inefficient supply chains: This dApp can streamline supply chain processes and reduce the need for manual record-keeping, improving efficiency and accuracy.
- Lack of trust: By providing a transparent and secure record of transactions, it can help to build trust and confidence among stakeholders.
- Fraud and errors: The use of blockchain technology can provide a tamper-proof record of transactions helping to prevent fraud and errors.
Features it provides:
- Traceability: The user can track the movement and ownership of a product through its life cycle, creating a transparent record of its history.
- Authenticity: By using a blockchain, dApp can help to verify the authenticity of a product.
- Security: The decentralized nature provides a secure and tamper-proof record of transactions, helping to prevent fraud and errors.
- Efficiency: Updating the current locations can streamline supply chain processes, improving efficiency and accuracy. It can also be integrated with ERP systems.
Challenges we ran into
- During the process of building a more customized smart contract, we encountered a few errors. However, we were able to successfully deploy the smart contracts on the Polygon Mumbai Testnet.
- It was challenging task to integrate smart contract with frontend.