The problem of centralised supply chain management systems is that they are susceptible to inefficiencies, fraud, and lack of transparency, which can result in a range of negative outcomes, including counterfeits, stolen goods, and decreased consumer trust.
To address this problem, we are creating- Traceology. This dApp leverages blockchain technology to create a more secure, efficient, and transparent supply chain system. With the help of this application, all stakeholders viz. retailers, customers, manufacturers can securely login, create producuts as well as view every product's timeline during its lifecycle.
Moreoever, this app also allows entities to view all products listed by manufacturers and directly interact with them or purchase them directly.
This app also extends to create a private Ethereum network that enables access to every individual stakeholder to their own personal copy of the distributed ledger. Our application specializes in enabling a consortium network between all the stakeholders as well.