As the resources go through different segments of the supply chain, the quality and other vital information such as temperature, location, purchase orders, and invoices are recorded. This data is distributed, decentralized and immutable, and therefore establishes trust, transparency, and authenticity in these supply chains.
Food and vaccines are critical resources for every child yet it is still very difficult to get these resources to children in need. One of the reasons for this is that the temperature-controlled supply chains, simply known as cold-chains, that are used to store and distribute these resources are very inefficient.
Nearly 30% of all the food goes to waste during its storage and transportation and the number is nearly double for vaccines. 50%-60% of vaccines lose their efficacy because of cold-chain failures, however, supply chains account for nearly 80% of the costs of the vaccines.
After a lot of interviews and research, our team learned that the supply chains are complex and fragmented, and very often, most of the data collected by each stakeholder are locked in organizational silos. This makes the overall functioning of supply chain inefficient. To transform this we needed to change the way we collect, validate, record and manage data. Our solution simplifies and organizes the supply chain data, and provides real time information for all.