Logicon Technosolutions have partnered with DECENT, the international Blockchain company to provide Traceability solutions on Blockchain platform helping manufacturers to boost their competitiveness, improve product safety by showcasing entire supply chain and story to consumer.
Founded in 2015, DECENT is one of the first global SaaS blockchain companies, with a proprietary blockchain protocol named DCore. Developed for a wide range of use cases, DCore is particularly suited for content distribution, payments and logistics tracking. Dedicated to solving real world problems and developing in-house software for the global market, sitting on top of DCore, product like D-Trace aim to bridge the power of Blockchain with applications that users, enterprise and consumers understand and can easily access.
What is Blockchain Technology? Why it is important?
Blockchain is a technology which records information in a way that makes it difficult or impossible to change, hack, or cheat the system.
Due to current cyber attack threats, it has become a very tedious task for IT team to manage those threats and prevent every system from hacking. Blockchain Technology can help IT to overcome these challenges.
A Blockchain maintains a digital register of transactions logs that is duplicated and distributed across the entire network of computer systems on the blockchain. Therefore, whenever a new transaction occurs on the blockchain, a record of that transaction is stored in all of these distributed computers. Each of these blocks of data is secured and bound to each other using cryptographic principles called chain.
Due to this architecture, the blockchain network has no central authority and to validate the record it uses democracy principle. Therefore if the same block is found in more than 50% computers of blockchain network, then only the entry will be considered valid. Therefore even if one block in one chain gets changed, it would be immediately apparent it had been tampered with. If hackers want to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain.
Therefore, Blockchain is very promising and revolutionary technology as it helps reduce risk, stamps out fraud and brings transparency in a scaleable way.
D-Trace is B2B Blockchain SaaS for Processes & Supply Chain Traceability in Food, Fashion, Luxury Goods, Pharma, Aerospace and more. Implementing immutable recording of each production step from raw materials down to point of sale, creating traceability and a product narrative for farmers down to consumers.
- Building trust between consumer and manufacturer, by also creating ethically focused narratives that showcase entire supply chain and story to consumer.
- Using simple QR codes, both manufactures and consumers can can track the entire supply chain of each individual product.
CASE STUDY: Lyra Chocolate Supply Chain Traceability Solution built on Decent’s DCore Blockchain by 3IPK
The implementation of blockchain into Lyra’s chocolate products is based on several layers. Each of Lyra’s manufactured goods will have a unique QR code, scannable by customers upon purchase. Upon scanning the QR code, customers will be presented with a screen showing a special tracking sheet of all particular 13 actions concomitant with each chocolate bar, such as harvesting, fermenting, drying, conching, and packaging.
The ultimate role of blockchain technology, in this sense, will be to verify, timestamp and write these activities into its immutable ledger—giving customers the benefit of knowing what exact processes their comestible went through.
D-Trace Benefits for manufacturers
- A reliable tracking system compatible with any commodity
- Enhanced product authenticity and increased customer trust
- Show your customers the exact tracking processes behind your ingredients
- All data is stored in blockchain—an immutable and transparent ledger
- The system can be set up for all stages of production
- Differentiation in status & prominence from the competition
D-Trace Benefits for consumers
- Transparent access to detailed information (location & date of all ingredients used)
- Increased trust in favourite and new brands
- Simplified decision-making for those with food intolerances (dairy, gluten, soy, etc.)
- Contribution to ecological remediation
DEPLOY YOUR OWN PRIVATE OR CONSORTIUM BLOCKCHAIN TODAY
Leverage DECENT cloud-based solutions to build, host and use your own blockchain apps and functions on the blockchain while we manage all the necessary tasks and activities to keep the infrastructure secure, agile and operational.
To know how Decent D-Trace Blockchain technology can help you track the entire supply chain of each individual product you manufacture, contact us today.