Product Provenance & Supply Chain Traceability
Build trusted supply chains using blockchain technology
Streamline the product journey and boost consumer trust
Consumers want assurance that their purchases adhere to the highest quality, sustainability, and ethics standards. Whether we’re talking about luxury goods, organic foods or pharmaceutical drugs, counterfeiting and false claims about product provenance are extremely widespread, making consumers wary and threatening brand image and market share.
The Problem
Besides the pressure coming from consumers on increasingly competitive markets, companies in recent years have started to develop and adopt new ESG (environmental, sustainability, and governance) standards that require them to be more transparent and efficient across all operations and to adhere to much stricter standards in order to continue growing their market share and protect their reputation.
The Solution
A blockchain-powered solution can be implemented strategically to increase traceability of material supply chain, lower losses from counterfeit and gray market, improve visibility and compliance over outsourced contract manufacturing, and potentially enhance an organization's position as a leader in responsible manufacturing.
Modex’s blockchain-based supply chain solution seamlessly integrates with enterprise resource planning (ERP) systems. This allows for real-time tracking and reporting on the movement of goods along the supply chain, from production to delivery, as well as efficient and transparent collaboration, reducing the potential for errors and delays.
Data visibility
Eliminate information silos and ensure provenance with immutable records.
Process optimization
Access end-to-end supply chain data instantly and easily with full transparency.
Demand management
Minimize waste and allocate inventory using insights from real-time demand forecasts.
