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Blockchain-based Supply Chain Management Software Development and Solutions

Build Smarter Supply Chains with Blockchain and Smart Contracts and Transform them into Smart Growth Enablers
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"At a basic level, blockchains mean that no piece of inventory can exist in the same place twice." Paul Brody, EY Global Innovation Leader, Blockchain

Supply Chain Management Development with Blockchain

We build permissioned and public supply chain management solutions with blockchain platforms like Hyperledger, Ethereum, Corda, Multichain, and more. A blockchain-based SCM solution enables a business to significantly reduce operational costs, strengthen security, and establish trust across the supply chain. Our blockchain development services focus on outcome-driven strategies for supply chain solutions

  • Eliminate pain points of traditional ERP systems for managing supply chains

  • Eliminate the need for each stakeholder to maintain its version of the truth

  • Consolidate disjointed material, information, and finance flow across the value chain

  • Establish immutability in the provenance of goods

  • Consolidate disjointed material, information, and finance flow across the value chain

  • Establish immutability in the provenance of goods

  • Augment physical and financial supply chains with efficiency

  • Eliminate reconciliation pain across multiple parties

Address Supply Chain Management Challenges with Blockchain

Traceability Problem

  • Lack of transaction traceability across processes

Solution

  • End-to-end audit trail of transactions and operations

Transparency Problem

  • Absence of end-to-end process transparency 

Solution

  • A distributed ledger shared across the value chain

Multiple Stakeholders Problem

  • Risks involved with multiple stakeholders across the chain

Solution

  • Secure against undesired changes with immutability

Responsiveness Problem

  • Inefficient responsiveness due to disparate systems

Solution

  • Near real-time with blockchain smart contract solutions

Manual Processes Problem

  • Deficient digitization and largely manual processing

Solution

  • Automated digitization leads to quicker processes

Compliance Problem

  • Lack of compliance with regulatory standards

Solution

  • Easily verifiable, tamper-proof data for audit

Reconciliation Problem

  • Manual reconciliation leads to errors and financial burden

Solution

  • Single, shared source of truth for efficient reconciliation

Lack of Integration Problem

  • The inability of systems to integrate with technologies

Solution

  • Integration with emerging technologies like AI and IoT

Blockchain-powered Supply Chain Management Flow

Blockchain Technologies for SCM Solutions

We build smart contracts to automate SCM operations with the following blockchain technologies

Our Blockchain Supply Chain Development Services

From suppliers, manufacturers, and distributors to end customers, information accumulated about each touchpoint in the supply chain is available in a permanent, distributed ledger

Electronic Data Interchange Systems

We build coherent blockchain-powered EDI systems to enable efficient, secure, and transparent multi-party business transaction processing. Our blockchain smart contract solutions automate transaction processing while also establishing a trace and track framework across the supply chain network. They enable EDI systems to transmit contractual information like purchase orders and invoices across the value chain securely and seamlessly. Our solutions ensure adherence to industry standards of information exchange

Procurement Solutions

We build blockchain-based procurement solutions to enable seamless sourcing, onboarding, and maintenance of buyer-supplier relationships. Procurement platforms built by us integrate with enterprise systems like ERP for additional efficiency. Our solutions combine blockchain smart contracts and supplier data to put payments on autopilot across enterprises. They enable sharing of supplier data only after the consent of owners while storing personal information off-chain for GDPR compliance

Inventory Management

We build blockchain solutions that establish end-to-end communication across the supply chain from manufacturing to sale. They enable process tracking and reporting throughout the processes of inventory management. Stakeholders can check and verify data at every single checkpoint. From conducting payments and audits to tracking inventory and assets, our solutions facilitate greater supply chain efficiency. Our solutions enable advantages like fewer errors, reduced costs and time, and a digitized inventory management process

Logistics Solutions

We provide logistics companies with end-to-end blockchain-based logistics management solutions for use cases like managing freight tracking and contract management. We build blockchain solutions that enable buyers, sellers, and regulatory authorities to track goods shipped globally. Integrating blockchain ensures accurate and real-time information availability amongst multiple parties. Stakeholders involved in processes can check the status, quantity, as well as location of individual parts with enhanced traceability and security

Tracking and Traceability Monitoring System

We build regulatory-compliant blockchain-based SCM solutions that enable end-to-end data accessibility and sharing across the value chain. With fine-grained permissions, stakeholders can see a product’s location, who made it, how they made it, and its expected delivery. They can also track each asset’s origin, properties, and movements across trade zones in real-time. Companies can enable sharing of track and trace data with customers to provide provisions for validating product authenticity

Process Automation

We develop blockchain smart contracts for supply chain solutions that automate contract executions related to arrivals and departures, shipments, changes of ownership, and other supply chain operations. Our smart contracts are automated contracts that use pre-defined rules to facilitate the exchange of nearly any good or service. They establish real-time auditing for compliant processes and workflows. With smart contract solutions, supply chain managers can automate conditions of production, quality control, and payments

Industries for Blockchain SCM solutions

At Cliqcube, we develop supply chain solutions that include the following industries but are not limited to them

FAQs (Frequently Asked Questions)

Blockchain can support internal operations by maintaining a continuous clustered record of supply chain monitoring events. It can log Internal connections into the database of blockchain, but most architectures of blockchain concentrate on external traceability. Various blockchain platforms can scale to suit the needs of a wide supply chain network.  

In a distributed ledger network, accountability is a problem. Many blockchain innovators’ ideology is to have as much accountability as possible which might not be among the priorities of a food supply chain. Most blockchain systems are set up in such a way that the output of each transaction can be seen through the network. Although this may be ideal for a vertically integrated provider, those who wish to secure those data can have smart contracts within a blockchain that regulates information accessibility.
They can. First, they can get access to a specific level of transparency regarding the transactions which supply chain actors send to the network. Alternatively, the system’s rules may also grant auditing bodies control in the system itself, depending on the use case. For instance, if audits failed, a certifier might stop a producer from issuing more digital assets that carry a certification.

Trust in emerging technology. As with all emerging innovations, consumers need to become familiar with and trust the technology. Organizations that exchange data need to be sure that sensitive information is secure. Trust in the overall solution. The more data stakeholders share, the higher the degree of accountability will be in the supply chain, and the greater the effort needed to gain the trust of participating companies.

When businesses only exchange a limited amount of data about the supply chain, the solution does not realize its full potential. Gaining the trust of businesses participating in the overall solution (technology, governance, benefits, and more) is a necessity for convincing them to exchange data. There is no benefit without sharing the data. 

Blockchains have a decentralized network where various auditors can collaborate efficiently. When combined with a shared identity system, it can minimize overheads caused due to dual auditing as well as double counting fraud.
Blockchain is a way of introducing transparency in the supply chain, enabling participants access to rich information about the cargo, its location (i.e. its progress of events in the supply), and the parties involved in that flow. Increased transparency can result in greater efficiencies, like making cargo re-routing decisions (while en route) and increasing customs’ ability to carry out risk-based inspections. These and related advantages can speed up the trade flows.

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