Luxury Goods
The Luxury Goods segment has been rife with counterfeit products. The conventional methods of
keeping the track and trace of luxury goods in transit are manually intensive and inefficient. The
duplicate products find their way in the supply chains easily owing to the complexity of supply chain of
luxury goods. Certum – a Blockchain based supply chain solution is a robust, automated and scalable
track and trace solution for helping fight counterfeit and inefficiencies in the supply chain. It helps
connect all the supply chain participants from manufacturer to importer to retailer to end consumer.
Sofocle has harnessed this technology in conjunction with IoT and Data Analytics for creating a
completely secure and transparent supply chain network.
Food Supply Chain
Food Supply Chain is one of the most crucial industries across the globe that is prone to many issues,
including product counterfeit, adulterations or loss of freshness during transit and storage of goods. The
traditional ways have failed to bring transparency to the consumers about how and what products move
in the supply chain. Certum – a Blockchain based supply chain solution uses Blockchain, Smart
Contracts, IoT and Data Analytics to prevent counterfeiting, trace the product lifecycle and maintain the
suitable environment during transit through SLAs.
Pharmaceuticals
Similar to the Food Supply Chain, the Pharmaceutical Industry is crippled with major counterfeiting of
products, adulterations and expiration of medicines due to unfavorable environmental factors during
transit. With the incorporation of the Blockchain Technology through Certum, these issues can be
resolved, where the lifecycle and authenticity of transit conditions of medicines can be traced with
timestamped and immutable data. Strengthening of Pharmaceuticals Supply Chain will enhance public
safety and company’s brand reputation, while preventing up to 1 million deaths per year due to
counterfeit medicines.
Shipping & Logistics
Shipping & Logistics Supply Chain process is inefficient due to the opaque operations of the OEMs, service
providers, distributors and retailers. Certum enables transparency and a complete flow of information
across the partners, while maintaining the privacy of company’s data through permission-based
Blockchain. Shipping & Logistics Supply Chain with Certum facilitates visibility of goods throughout the
channel and controlled by SLAs, based on Smart Contracts.
Electronics
Electronics industry is majorly plagued with insufficient Supply Chain Management, due to counterfeit products, lack of traceability and compliances, leading to increased operational burdens. Products travel from continent to continent before reaching the end customer, and often duplicate products replace the originals during the transit. Certum, a Blockchain based supply chain solution, holds the potential to fix these pain points and facilitates prevention of counterfeit, enables complete traceability and connects all the dots from the manufacturer to the end consumers.
Automotive Industry
The automotive industry has been grappling with challenges like counterfeiting, inefficient recall management, lack of transparency and visibility on individual unit of SKU etc leading to loss of revenue and reputation for the OEM or product owners. As automotive logistics require sourcing on a global scale, it becomes important to optimize and secure the supply chain network. Certum, a Blockchain powered supply chain solution provides a definite mechanism to mitigate the pain points of automotive industry while improve visibility across the supply chain.