Access and manage supply chain data from any location with our blockchain technology.
As a blockchain supply chain development company, we help you unlock the ability to provide immense company value by amplifying supply chain transparency, mitigating risk, and improving efficiency and overall supply chain management.
- Enhance financial security
- Reduce human intervention
- Empower cross-border compliance
- Convenient blockchain supply chain management
Impact Of Blockchain Technology On Supply Chain Process
Blockchain is one of the most significant innovations at present. It assists firms in building customer trust, adhering to human rights, and complying with rules. Our blockchain developers address this issue adeptly in the application and ensure data visibility at its finest form. Some other features blockchain for the supply chain include:
Optimize Manual Errors and Frauds
Enhance Relationship Between Consumer-Retailer
Practical Tracking and Tracing of Consignments
Strong Inventory Management
Massive Cost Cutting
Blockchains coordinate data across networks, permitting intricate contract exchanges in a peer-to-peer manner and eliminating the need for costly external intermediaries to serve this function. Your company can gather all critical data from your partners in real-time, allowing you to observe the total purchase volume despite the complex purchasing activity.
Efficient Use of Resources and Time
Our shared ledger removes time-consuming record reconciliations. We execute blockchain technology with smart contracts for quick and integrated transactions. Integrated payment solutions shorten the time between ordering and payment processing, assuring timely product distribution. Further, blockchain technology coupled with existing solutions will elevate the quality of your business.
Blockchain Solutions We Provide
The core premise of blockchain is establishing a safe framework in which encrypted commercial transactions between buyer and seller happen without any third parties. Parangat delivers multiple blockchain solutions to streamline operations and boost productivity.
1. Blockchain Technology Consultation
2. Decentralized Exchange
3. Blockchain for Supply Chain
4. Hyper-Ledger Blockchain Development
What Can We Do For Your Business Deliverables?
Blockchain technology holds the potential to transform supply chains. Our blockchain supply chain management gears up security and instigates visibility in IoT ecosystems. Our business deliverables are:
Documentation and MVP
Smart Contract Integration
Crypto Payment Gateway
Support and Maintenance
Why Is Blockchain Necessary For Supply Chain?
Approximately 60% of business leaders conclude the lack of transparency in the supply chain is a risk to their businesses. Organizations must evaluate their industry, relevant rules, code of ethics, suppliers, consumers, past supply chain concerns, and tolerable risk levels. Blockchain technology can aid in overcoming these challenges, given its various features.
1. Identity validation
Our blockchain developers ensure the platform records and validate every device accessing the supply chain data on an immutable ledger. You can audit, trace, and verify the identification in seconds.
Our blockchain supply chain management fosters better integration of financial and logistical services, enabling more data and transactions among validated devices.
5. Data protection
Blockchain technology documents transactions as tamper-proof blocks and makes them visible to the parties. It eliminates the risk of collusion or unauthorized access.
2. Build trust
With transparency comes trust! Parties in the supply chain need to trust one another to retain the credibility and validity of products. The timestamped blocks in the blockchain for the supply chain instill confidence in the system, allowing each participant to view any previous or current record.
4. Reduce cost
Blockchain enables real-time tracking of a product across the supply chain without the participation of intermediaries, effectively reducing the expense of moving items.
6. Device ReputationS
We empower seamless authentication accompanied by a smooth user experience and adequate digital security in blockchain supply chain management. Blockchain technology calculates and records reputation based on monitored transactions.
Our Awards and Recognition
Our blockchain supply chain development company has worked with varied enterprises and presented them with high-quality and superior blockchain technology. And our list of laurels asserts the same.
Does every blockchain platform need smart contracts?
What is the time duration of developing blockchain supply chain management?
How can blockchain be used in the supply chain?
How does blockchain overcome challenges faced by the supply chain?
What is the cost involved in developing blockchain supply chain applications?
Get Started Today
If you are intrigued to learn more about what we have to offer, and discuss your idea. We would love to hear from you.
Meet the team
Get your budget
Kickstart the project
Let us hear your idea and find out the best approach of developing and maintaining it.
Sahil Gupta, Founder and CEO