Tokenize supply chain assets starting from cattle and extending through various stages such as polling points, bulk collection, input raw milk, and final product lots or products.
Facilitate real-time updates to blockchain asset data by iniviting supply chain participants using different systems to the blockchain network. Ensure decentralized access and secure authentication for data integrity, fostering collaboration in creating or updating asset information.
Integrate Spydra’s Oracle with IoT devices for real-time tracking of physical goods, enabling incident reports triggered by Workflow trigger such as temperature deviations during transportation.
Streamline processes and payment settlements using Spydra’s Workflow based on predefined events, such as passing quality checks, to automate the payout process for farmers
Leverage blockchain's traceability to efficiently trace product lots and products back to their source (cattle), facilitating swift and accurate product recalls when necessary.
Various participants contribute data to the Blockchain network by integrating their existing systems like ERP, front-end applications, database systems or even upload data using excel, csv files.
Various participants play distinct roles in the ecosystem. Each participant of the supply chain stands to gain specific benefits from utilizing blockchain technology
In a bid to assess the feasibility of introducing end-to-end traceability in the supply chain of a dairy product, specifically Ghee, using blockchain technology. It provides an overview of a pilot project designed to use this innovative technology to ensure transparency and accountability in all stages of the product's journey from farm to table.
Asset tokenization involves representing physical assets, such as cattle or dairy products, as digital tokens on a blockchain. In our context, it means converting various stages of the dairy supply chain, including cattle, polling points, bulk collection, raw milk inputs, and final product lots or products, into digital tokens.
Supply chain participants can integrate their existing systems with the blockchain network to provide real-time updates on asset data. This ensures decentralized access and secure authentication, maintaining data integrity. Collaboration among participants allows for the creation or updating of asset information seamlessly.
Blockchain traceability allows for efficient tracing of product lots and products back to their source (cattle). This capability facilitates swift and accurate product recalls when necessary, enhancing food safety and consumer confidence.
Integrating with the blockchain network provides access to transparent information about product origin and quality, fostering consumer trust and loyalty. It also streamlines operations, improves traceability, and reduces risks such as counterfeiting and stockouts.
Participants can contribute data to the blockchain network through various means, including integrating existing systems, using user-friendly interfaces, or uploading data via familiar formats like Excel or CSV files. This flexibility ensures that all stakeholders can easily participate in and benefit from the blockchain-enabled dairy supply chain transformation.
Spydra offers comprehensive support for Hyperledger Fabric implementation, including customized network development, smart contract development, integration and API development, deployment, and maintenance. Our team ensures a seamless and successful implementation of your blockchain solution.
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