Blockchain for Supply Chain ePedigree / Serial Genealogy - Patent Pending
Mike Nejad
Founder, Interim President at BlockedSupplyChain LLC (A Division of Yassia Inc.)
Industries: Retail / MFG, Pharmaceuticals, Mining, Medical Devices, A&D, F&B
Blockchain provides the means, technology and tools for the purpose of secure, trusted and real-time collaboration among all stakeholders. In Extended Supply Chain, nodes (sites) require similar capabilities where product and component details are shared with all nodes while only the owner of each container of data is authorized to change the data. At the same time, all government and industry custodians such as FDA can quickly and accurately extract necessary details.
The approach above differs from the existing solutions which is a mix of manual processes, semi-automated and silos of systems, unsecured data, and slow latencies. Currently FDA, for example, cannot quickly retrieve the information that you require from a manufacturer. At the same time, a pharmacy can not verify the autheticity of a medication. Finally, there is no easy way for retailer to check to see if a precious stone is sourced from a conflict area.
The advantages include: Reduction in counterfeit products, detection of usage of conflict mineral, total visibility across the Extended Supply Chain, increased detetection of non-compliance/non-confirmance, facilitating the returns in a timely manner for the purpose CAPA and refunds.
Please send an email to [email protected] for a copy of the Whitepaper.
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