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Supply Chain Development

Supply chain is the process involved from the inception of producing goods to delivering it to the end customer. Blockchain can be integrated in the Supply chain process to make it easier and transparent. Each Blockchain contains a set of transactions entered in the distributed public ledger. Supply chain is further used to make the shared ledger details more transparent and secured between businesses. By using Blockchain in Supply chain, you can take a more novel approach or create a secured peer-to-peer network. Without any third party intervention the Blockchain then is less prone to manipulation.

Role of Blockchain in Supply Chain Process


Role of Blockchain in Supply Chain Process

Any supply chain management will contain inventory data which will take up in size. Blockchain will improve the inventory data by ordering them into sets in the private blockchain.

Reduced Courier Costs

Transportation is imperative in any business venture. Blockchain reduces the transportation and courier costs of the ongoing supply chain in the enterprise.

Reduced Courier Costs

Transportation is imperative in any business venture. Blockchain reduces the transportation and courier costs of the ongoing supply chain in the enterprise.

Eliminate Manual Errors and Frauds

The risk of manual errors and missing funds is high among supply chain as there will be several points from the inception to delivery. Blockchains will obliterate manual errors and frauds as every transaction is entered in ledger.

Attributes of Supply Chain


Cryptographic ledgers

Supply Chains contain ledgers of every transactions inside the network. These encrypted transactions cannot be viewed by anyone else outside the network.

No third party involvement

Supply chain is a peer-to-peer network that will not allow any third party viewers to view the transaction sets in the ledgers

Shared Datasets

Share the transaction via datasets in the transaction ledgers so that the business transactions will work over seamlessly.

Secured, transparent and trustable

Supply Chain transactions are secured, transparent and trustable so the business transactions can happen within the secure environment.

Immutable transactions

Transactions happening in the supply chain are certainly immutable due to security concerns in supply chain ledgers.

Hyperledger Blockchain Development

Hyperledger is a distributed, open-source ledger or framework based on Blockchain technology that uses smart contract application on enterprises and ventures. This is called Smart Contracts. The cynosure of the Hyperledger is to advance cross-industry collaboration by creating blockchains and distributed ledgers with the main aim of improving reliability and performance of the blockchain. The Hyperledger is created with the sole aim of supporting open protocols and standards across industries. It acts as an intermediary for decentralized digital communities.

Some of the Business Blockchain frameworks hosted currently with Hyperledger are:

Hyperledger Burrow

It provides the blockchain client with a smart contract interpreter designed solely to the Ethereum Virtual Machine (EVM) specifications.

Hyperledger Fabric

Fabric is now widely used for the implementation of blockchain technology as a foundation for developing other blockchain solutions or applications.

Hyperledger Sawtooth

Sawtooth is a blockchain platform designed for building, deploying and running distributed ledgers. These ledgers are known to be versatile and scalable.

Hyperledger Indy

Indy is a distributed ledger that provides individual components for creating and using decentralized digital identities.

Hyperledger Iroha

Iroha is a blockchain framework designed for easy integration of infrastructure projects that required distributed ledger technology.

Features of Hyperledger

With us, you are assured that using Hyperledger, we can offer you the following features.

Plethora Of Network Platform
Higher Accuracy
Open-Source Security
Trustworthy Business Model
Scalability And Transparency

Blockchain IoT Development

Blockchain App Factory has set foot in the field of Internet of Things (IoT). The IoT has brought some drastic changes in the blockchain technology and distributed ledger technology. Creating the perfect distributed network of devices with IoT solutions is what we strive for. From Blockchains to ledgers to exchanges problems, IoT can provide interoperability solutions for Blockchain in any way possible.

Steps involved in Blockchain IoT

Identify and Define the Problem

IoT is all about providing solutions to any problem posed in the blockchain technology. The first step is to identify the problem and define the extent of it.

Fabricate Solution

Now that the problem has been defined, the solutions and other derivatives of it can be used to devise or arrive at a particular solution.

Create app derived from the Solution

Create an app or any other asset to test out the solutions that has been concluded to solve the problem with all the requirements in place.

Implement the app

Now that the asset or the app has been created, you can implement in the problem that has been posed and test out the theory to see if it is solving the said problem.

Support and Improve

The app or the asset is running successfully without any glitches and users are reaping the benefits. Provide continuous support and improve the app or asset.

Solutions Provided

Some of the solutions offered by Blockchain IoT are as follows,

Decentralization

Remove the peer-to-peer in blockchains and reduce the transaction fees.

Blockless distributed ledger

Identify and approve the transactions in the distributed ledger without having to use the blockchain.

Blockchain as a service (BaaS)

Cloud services integrated with Blockchain to readily deploy projects with ease.

Shared devices and Private Entities

Share wireless devices connected on IoT and buy private entities with Blockchain connected on IoT solutions.