Today’s supply chains are wide and varied, involving numerous stakeholders, from suppliers and production sites, to distributors, sales channels and consumers—and everyone in between.
When each of these stakeholders relies on their own systems, databases and records to manage their respective role, it’s hard to get a complete picture of your supply chain. Silos unfortunately emerge that lead to costly decisions:
We use distributed ledger technology, a.k.a. blockchain, to connect supply chain data from your various stakeholders, bringing them onto our innovative connectivity mesh. The information is decentralized and made in real time to support orchestration and proactive decisions around meeting demand and driving business growth.
One of the benefits of blockchain is that any logged data is permanent and tamperproof, giving you a traceable record of a product’s entire lifecycle. This provides you greater confidence in product provenance, which you can pass onto the consumer. You can also easily trace quality or safety issues to their source, protecting your consumers and business from the impact of recalls.
Our connectivity mesh sets the perfect data foundation for our own artificial intelligence (AI) and machine learning (ML) models that can take that holistic data and run predictive and prescriptive analytics to guide you towards the best business outcomes.
Using a best-of-breed, Blockchain-as-a-Service (BaaS) model, we boast an industry-leading implementation timeline—from concept to go live—of under 90 days. Through a BaaS model, the ERA platform is fully scalable as your business and supply chain grow. Monthly low-cost, subscription-based payments also make the solution affordable for any IT budget.