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Existing Supply Chain Management Issues & Logistics

Existing Supply Chain Management Issues & Logistics
Even though the idea behind sales chains sounds simple, the distribution process is much more complicated. This system consists of people, enterprises, functions, and shared data. The distribution process lacked innovation and transparency, but there are new challenges to deal with.
Stock management issues, risks of theft, and problems with recalling are the most popular problems. Enterprises from the industry also require solutions that increase end-to-end supply chain traceability and security and prevent fraudulent activities. Finally, there is a demand for anti-counterfeiting systems that enable data integrity and checking goods’ provenance.

Why Do You Need Blockchain for Supply Chain & Logistics?

Why Do You Need Blockchain for Supply Chain & Logistics?
Blockchain has the potential to revolutionize your supply chain ecosystem. Its smart contracts allow for automating business processes and enhancing transparency in all operations. Blockchain may also help you improve security and provide scalability solutions.
At ND Labs, we develop reliable blockchain-powered solutions that strive to add new value to the supply chain and avoid the lack of interoperability, conflicting data, and other inefficiencies. Utilizing blockchain in logistics allows you to get rid of third parties, reduce costs, and communicate directly with local, national, and international suppliers and logistical partners.

Top Blockchain Development Services for Logistics and Supply Chain

Anti-counterfeiting systems
We develop immutable blockchain-powered solutions that enable decentralized, open, and permanent recording of data related to goods’ authenticity and ownership.
Traceability solutions
We build blockchain-based solutions that allow manufacturers and distributors to establish end-to-end traceability, track shipment, and prove its safety in real time.
Supply chain & Logistics management platforms
We create blockchain solutions that enable more advanced parts’ sourcing and matching orders to qualified producers to ensure secure payments and IP protection.
Document verification solutions
We develop blockchain solutions that constantly record supply chain and logistics history logs and provide verified certificates of origin across paper trails.
Smart contract-based tools
We build smart contracts to enable the automation of numerous business processes that usually call for human participation, e.g., verification and transportation approval.
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Logistics & Supply chain security solutions
We create blockchain-based solutions that protect all data from being tampered with by making any corruption attempt instantly visible to the entire network.
Blockchain consulting
Our blockchain consultants will help you understand how your logistics and supply chain business may benefit from blockchain implementation and offer you the best solutions.
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Enterprise blockchain consulting
Learn how your enterprise may utilize blockchain and automate business processes, along with introducing reliability, transparency, and trust to all supply chain members.
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Security Token Offering (STO)
We can offer you solutions that can turn any of your assets into digital ones. Succeed in STO and invest in crypto securely, transparently, and following the rules.
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Benefits of Blockchain in Supply Chain & Logistics

Increased supply chain transparency
Increased supply chain transparency
Blockchain relies on a distributed ledger technology that provides a single source of truth, so blockchain-based solutions give authorized participants greater visibility across all activities in the supply chain.
Streamlined supplier onboarding
Streamlined supplier onboarding
Onboarding suppliers is a manual and time-consuming process for both buyers and sellers. Blockchain makes this process much faster by providing immutable and reliable records of new vendor information.
Improving financing, contracting, and international transactions
Improving financing, contracting, and international transactions
Blockchain connects inventory, data, and financial flows and shares them with all transacting parties, thus enabling enterprises to check invoices, purchase orders, and payments easily and track transaction progress with counterparties.
Greater savings
Greater savings
Using blockchain allows you to eliminate paper-based workflows which results in reducing material and additional costs associated with keeping and managing all those physical documents.
Real-time tracking
Real-time tracking
Blockchain makes supply chain management and logistics processes decentralized and transparent, which allows supply chain and logistics participants to get acquainted with every activity at any time.
Faster processing
Faster processing
Blockchain-based smart contracts eliminate middlemen and the dependency on pen and paper, thus reducing the operation time, which is extremely important in the industry.
Higher ROI
Higher ROI
Blockchain technology allows businesses to create a better brand image in the decentralized market and get higher ROI.
Healthy customer relationships
Healthy customer relationships
Blockchain helps establish more trustworthy customer relations as it provides clients with all the information about the product they buy, so that they may check its authenticity.

The Challenges of Blockchain for Supply Chain & Logistics

Seamless integration with numerous data sources Seamless integration with numerous data sources
To maintain a complete history of supply chain and logistics finance transactions, purchase orders, goods provenance, storage conditions, location, and manufacturing processes, blockchain has to gather supply chain and logistics data constantly. Hence, the solution needs to have features that would allow it to easily integrate with all the necessary systems, including legacy ones, of numerous participants of the blockchain network.
Formalization of business rules in smart contracts Formalization of business rules in smart contracts
Once the smart contract is deployed, its conditions that enable automated execution of further supply chain transactions in the blockchain network become immutable. Thus, if the formalization of business rules in smart contracts is imprecise, it may cause incorrect data and payment flow between participants of the supply chain.
Blockchain adoption Blockchain adoption
Blockchain technology has to be adopted by all participants of the supply chain and logistics. Hence, it will prevent a lack of data and empower end-to-end supply chain and logistics traceability.
Non-transactional data storage Non-transactional data storage
Non-transactional supply chain and logistics data, e.g., media files, supplier information, and purchasing and transportation documents, is too big to be stored in the blockchain effectively. Still, the data needs to stay transparent and easily accessible for any participant in the supply chain.

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Our Industries

Healthcare Supply Chain & Logistics
Healthcare Supply Chain & Logistics
Blockchain allows healthcare providers to store sensitive data in a decentralized digital ledger, thus enabling both patients and doctors to access records easily and safely maintain them. Healthcare organizations may also use blockchain to supervise fraudulent medical trials and untrustworthy information.
Streamlining the entire workflow is another advantage of blockchain in healthcare as it allows medical care providers to use the patient index to avoid duplicating clinical records. In addition to this, the entire supply chain from drug producers and wholesalers to patients and doctors may be effortlessly traced and merged into business processes since all transactions happen through transparent platforms.

Pharmaceuticals Supply Chain & Logistics
Pharmaceuticals Supply Chain & Logistics
Pharmaceutical companies may use blockchain technology to reduce overall costs, prevent counterfeit medicines from entering the chain, and minimize patient risks by responding rapidly to medication recalls.
Blockchain allows pharma companies to track drugs throughout the entire supply chain by unique serial numbers. Hence, all the updates are recorded in the network ledger by individual serial numbers, and the ledger acts as a secured source of truth that reduces the risks of malicious actors. Such visibility helps pharmaceutical companies find vulnerabilities that make it possible for counterfeit medicines to enter the supply chain.
Pharma companies that utilize blockchain-based solutions may also react more quickly and efficiently to medication recalls, minimize patient risks, cut financial losses by accurately identifying dangerous medications, find the points of contamination during manufacturing, and more.
Supply Chain & Logistics Startups
Supply Chain & Logistics Startups
Your startup may get substantial benefits from utilizing blockchain in supply chain management. These benefits include cost reduction, establishing trust, and provenance tracking.
Blockchain-based smart contracts automate several business processes, eliminating the need for third-party intervention. Thus, commercial processes are accomplished almost instantly without any fees.
Blockchain technology has an advanced level of trust by nature, which is crucial for any business. Thus, the records on the blockchain remain immutable once deployed, and each network participant may access all the blocks.
Finally, blockchain provides all the information about the product at any point of the supply chain, thus allowing you and your customers to trace the product’s history and identify fraudulent activities.
Food Supply Chain & Logistics
Food Supply Chain & Logistics
Blockchain enables reducing unreliable paperwork, tracing products throughout the supply chain to react rapidly in case of food safety emergencies, monitoring the quality of goods, and tracking food provenance.
Blockchain-based solutions allow food enterprises to build supply chains with end-to-end visibility and audit the immutable digital ledger to identify hazardous products right away. Thus, a distributed ledger helps businesses in the industry quickly determine the source of contamination and reduce the potential number of affected customers. Blockchain may also reduce financial loss by getting rid of damaged products. Hence, your brand will retain a positive reputation.
Agriculture Supply Chain & Logistics
Agriculture Supply Chain & Logistics
In global supply chains, small producers are under-compensated and not paid until their products are delivered several days later, leaving them in an unclear financial position. Blockchain networks are transparent, which means farmers may track their goods throughout the entire supply chain. In addition to this, document automation facilitates faster payments.
Blockchain-powered solutions for agriculture supply chains provide a tool for tracking the time between the production and delivery of the product to the customer, establishing trust between business partners, and compensating small farmers quickly and fairly. The technology also provides an opportunity for brands to connect their customers directly with the source of their goods, which helps promote small farming communities.
Retail Supply Chain & Logistics
Retail Supply Chain & Logistics
The nature of the textile and shoe industry is complex and fast-paced which makes it hard for companies to verify product provenance. End customers are willing to ensure their apparel and shoe purchases don’t disrupt their ethics, while inbound supply chains require a more efficient way to track and trace incoming shipments.
Blockchain-based solutions allow retailers to document and share the authentic and ethical provenance of their apparel and shoes. Thus, such openness protects brand reputation, empowers customer loyalty, and ensures compliance.
Manufacturing Supply Chain & Logistics
Manufacturing Supply Chain & Logistics
Blockchain technology may facilitate the transfer and transformation of raw materials into finished products. Manufacturers may use blockchain to trace raw materials and spare parts to their original producer and exactly discover where they were damaged or lost. It also helps companies from the manufacturing industry identify poorly made counterfeit spares and materials that put end customers in jeopardy.
What’s more, auto manufacturers may identify exactly which vehicles have defective parts installed and issue recalls with accurate scope. Blockchain-based solutions also allow for tracking spare parts by individual QR codes on a tamper-proof ledger to ensure part authenticity. Finally, It is also possible to audit the digital ledger to discover which stage of production made the error.
Mining Supply Chain & Logistics
Mining Supply Chain & Logistics
Blockchain-powered applications provide enterprises with a tool for tracking the provenance of raw materials from cultivation to end customers and preventing unethically sourced minerals from entering the supply chain. The shared ledger adds immutable records confirming that the material was taken out from a legal location by an authorized employee, etc.
Jewelry businesses may use blockchain to track diamond provenance and make sure they comply with the requirements for selling authentic and conflict-free diamonds. It is also possible to track diamonds individually and record details regarding the stone’s condition with blockchain.
In addition to this, mining companies may use blockchain to track emissions, waste, and environmental impact at each stage of the supply chain. Also, the advanced visibility of the entire chain may help discover new opportunities for energy and waste reduction.

FAQ

What is blockchain development for logistics and supply chain management?
Blockchain is a decentralized digital ledger. Decentralization means the ledger exists on multiple computers at the same time. It is a chain of blocks that keeps data records with a unique hash value. It protects records from fraud, tampering, and hacker attacks. Developing applications and platforms for the logistics industry using blockchain technology is called blockchain development for logistics and supply chain management.
What is the role of blockchain in supply chain management?
Blockchain technology enables easy payments, tracking goods in real time, and reducing costs and time associated with collecting and sharing data, to name a few.
How much does it cost to develop a blockchain solution for supply chain management?
There is no standard method of estimating the price of blockchain development for logistics. The final cost is calculated individually since it depends on numerous factors including the feature set, the solution’s complexity and its type, the number of stakeholders interacting with the application, the hourly rates of the development team, etc.
What languages are used for blockchain development for logistics?
We use C++, C#, Go, Java, JavaScript, .NET, Python, Rust, Solidity, and other reliable technologies.

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