CertumProduct Supply Chain Management

A Blockchain-based solution that helps in determining and proving provenance of a product and securely track & trace exactly where product is in a Global Supply Chain.

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Certum Product Supply Chain Management

Certum allows enterprises to more securely and transparently track & trace physical goods as they move from one node to another in a Supply Chain, right from the production of raw material to the manufacturing of finished goods, till it reaches the hands of the customer.

Solutions

Luxury Goods

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

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

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

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

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

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.

Key Features

  • Create Digital Passport of Physical Assets

    For the quantity and transfer of assets as they move between supply chain nodes, like trailers, containers etc. thus avoiding any fake or counterfeit products and verifying the chain of custody.

  • Link & Assign Properties to Products

    Like serial numbers, bar codes, color, quality, etc.

  • Eliminate Double Spending

    By tracking purchase orders, change orders, receipts, shipment notifications and other trade-related documents.

  • Verify Certifications and other Sustainability Standards

    Since they are all linked to the Digital Passport and are not just mere stamps or images, thus assisting in the chain of verification.

  • Track & Trace

    So that the poor products can be track and trace back to various stages of the Supply Chain through which they have passed.

How It Works?

Certum works on the concept of tokenizing physical goods by capturing and storing key elements of a physical asset in the form of a Digital Passport.

Certum’s Digital Passport is formed by the aggregation of information, added by many stakeholders, in each step of the Supply Chain. This information is agreed upon by all members of the Blockchain network. And once there is an agreement, it becomes a permanent record that can’t be altered.

The stakeholder can be:

  • Raw Material Producer

    Raw Material Producer

    Add details like raw material origination details, quantity, batch number, etc.

  • Manufacturer

    Manufacturer

    Add details of factory and processing data, expiration dates, storage temperatures, shipping details, etc.

  • Sustainability standards and certification

    Sustainability standards and certification (e.g. ISO, Fairtrade)

    Certify certain physical properties of the physical goods and attach this information to the product details already present on the Blockchain.

  • Distributors/Retailers

    Distributors/Retailers

    Add info on PO, Invoices, etc.

  • Registrars

    Registrars

    People who actually record the physical information of goods on a Blockchain.

Chart

The digital identities of the physical goods are created by linking the serial numbers, bar codes, RFIDs of the trailers/containers/boxes containing these goods.

Once digital passport of the physical ID is formed, it gets tokenized, on the Certum’s Blockchain. Then, this token can be utilized to track & trace the product in the Supply Chain & the chain of the custody, as well as to prove the source of its origin (provenance).
Supply Chain Management

Benefits of Implementing Certum for Product Supply Chain Management.

Through Certum, an enterprise can:

  • Identify & Eliminate Counterfeit Products:
    Since the information of the product gets recorded on the Blockchain and gets tokenized.
  • Trace Stolen Merchandise:
    The system can easily trace and locate stolen merchandise.
  • Pinpoint Diverted Good:
    The solution can identify if a product was diverted from its original destination.
  • Eliminate Duplication of Products:
    Certum makes it impossible to duplicate products, so there is no need to rely or trust anyone.
  • Safeguard from Fraudulent Transactions:
    The solution provides a transparent platform, in which any kind of fraudulent transaction can be identified and track throughout the system.
  • Verify Globally:
    Certum creates a truly Global solution which can be verified and monitored by the company itself.

Certum has been designed keeping in mind challenges faced by organizations, especially those which have Global Supply Chain. With a strong team of coders and consultants, we are looking to help organization to optimize production, eliminate redundancies and use resources more efficiently.

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Blog

February 22, 2017

Blockchain Disrupting Supply Chain Finance

Blockchain, the underlying technology behind Bitcoin has established itself to be beneficial for plethora of industries. To start with, it has revolutionized payments and settlements in the financial domain. Following that, it is impacting other areas of finance like lending, wealth management and insurance. Out of this, Supply Chain financing…

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