This article was originally published on Linux Foundation Hyperledger Blog by Isaac Kunkel.
Hyperledger Certifications give experts a professional edge by providing globally recognized evidence of skills mastery, demonstrating ability within a specific topic.
Hyperledger announced the Certified Hyperledger Fabric Administrator (CHFA) designation earlier this year. This certification is earned by professionals who can effectively build a secure Hyperledger Fabric network for commercial deployment, including the ability to install, configure, operate, manage and troubleshoot the nodes of that network.
Hyperledger expanded the available certifications with the recently announced Hyperledger Certified Service Provider (HCSP) designation for companies that meet the following criteria:
As an active member of Hyperledger, contributing to the quarterly releases and participating in conferences around the world, Chainyard has the first requirement covered. Additionally, Chainyard’s business model, covering the second requirement, is to service enterprises, startups, and associations with their blockchain needs, whether they be advisory, engineering, operational or governance in nature.
Regarding the third, I am proud to say our first three engineers who obtained the CHFA designation are Ratnakar Asara, Surya Lanka and Ramesh Thoomu. All three were motivated to get the designation to validate their expertise and contribute to the company’s goal of obtaining the HCSP designation.
Obtaining this designation is important to individuals both to affirm what they know and for their personal development and growth. Here is what our first three engineers to obtain the HCFA designation had to say.
Achieving Certified Hyperledger Fabric Administrator (CHFA) is a big milestone in my career and demonstrates my skills, knowledge and competencies to build a secure Hyperledger Fabric network for commercial deployment including the ability to install, configure, operate, manage, and troubleshoot the nodes on that network.
Working in multiple blockchain projects through Chainyard gave me opportunity in exploring Hyperledger Fabric in depth and boosted my confidence in taking this exam.
– Ratnakar Asara
CHFA is highly recommended because it helps one to understand the core Hyperledger Fabric network fundamentals with emphasis on building Hyperledger Fabric network, operations and maintenance. It also helps organizations to build Hyperledger Fabric blockchain skill sets for its employees.
Phenomenal efforts have been put forward by the Hyperledger team in designing the content of CHFA. Thanks to the Linux Foundation.
– Ramesh Thoomu
“I have been working with Hyperledger Fabric for over two years. When I heard about the opportunity to become Certified Hyperledger Fabric Administrator, I made up mind to do it. I am grateful to Chainyard for their trust and encouragement to become Certified Hyperledger Fabric Administrator.”
– Surya Lanka
For our company, the designation separates us from the competition and provides an objective affirmation by a respected organization, the Linux Foundation, of our capabilities with Hyperledger Fabric.
Our team has worked on many Hyperledger Fabric projects running in multiple data centers and public clouds on projects across many domains. The experience the team has obtained over the past four years is tremendous and enabled Ratnakar, Ramesh and Surya to pass the exam. Their dedication to their craft, careers and our clients, helping them to solve many problems, allowed them to pass this exam and validate their expertise with Hyperledger Fabric.
We are happy to say we have additional engineers in the pipeline who have committed to work towards this designation. We work closely on our client projects, leveraging each other’s strengths, to deliver the best work. This collaboration will continue into the classroom as our expert level engineers have promised to hold extra whiteboard coaching sessions to help others in the company pass the HCFA exam. We look forward to having more engineers achieve this milestone.
As a company, we see the Hyperledger Certified Service Provider designation as a way to help better promote our company services and grow our business. Having the designation validates what we say to our clients, giving them greater confidence in our team, whether it be during pre-sales, while developing a solution or when resolving an operational issue.
Chainyard has been active with Hyperledger for four years and proud to have the HCSP designation to reinforce our commitment to the ecosystem.
This article was originally published on Linux Foundation Hyperledger as a press release.
First Wave of Hyperledger Certified Service Provides Includes Accenture, Ant Financial, Beijing PeerSafe Technology Co., Chainyard and IBM
Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced the launch of its Hyperledger Certified Service Provider (HCSP) program. Members are pre-qualified, vetted service providers who have deep experience helping enterprises successfully adopt Hyperledger enterprise blockchain technologies. The first wave of companies to complete the criteria and qualify as HCSPs for Hyperledger Fabric are Accenture, Ant Financial, Beijing PeerSafe Technology Co., Chainyard and IBM.
The HCSP program offers service providers from around the world training and professional certification that ensures each member has the mastery to install, configure, operate, manage and troubleshoot networks built on Hyperledger distributed ledger technologies (DLTs). These certified service providers, in turn, offer support, consulting, professional services and training to enterprises embarking on their blockchain journey.
“As the pace of adoption for Hyperledger technologies accelerates, the need for support, training and other services has grown exponentially as well,” said Brian Behlendorf, Executive Director, Hyperledger. “Enterprises are looking for partners with the expertise needed to deploy Hyperledger DLTs quickly and efficiently and to ensure ongoing success. By providing a structured program to train and certify service providers on core Hyperledger technologies, we are creating the infrastructure for both enterprises and services companies to meet the demands of deploying production networks and developing and supporting new applications.”
To become a HCSP, an organization must be a Hyperledger member, have three or more engineers who have passed the Certified Hyperledger Administrator Exam for a specific project and have a business model to support enterprise end users, including putting engineers at a customer site. Currently, certification is available for both Hyperledger Fabric and Hyperledger Sawtooth. The Certified Hyperledger Fabric Administrator Exam and Certified Hyperledger Sawtooth Administrator Exam are offered by the Linux Foundation Training.
Quotes from HCSP members:
“Hyperledger and Accenture are aligned in the collaborative mission to ensure Hyperledger technologies are deployed in a way that drives clients’ confidence,” says Tracy Kuhrt, a Senior Technology Architect at Accenture and Hyperledger Technical Steering Committee member. “We are proud to be a founding Hyperledger Certified Service Provider because it underscores that commitment. We look forward to continuing to drive the success and growth of Hyperledger technologies.”
“Ant Blockchain have been collaborating with Hyperledger in building blockchain ecosystems together, and we are happy to be certified by Hyperledger as an HCSP for our technical expertise,” said Shan Yu, Leader of Blockchain Cloud Service, Ant Blockchain, Ant Financial. “Ant Blockchain is dedicated to providing products and technologies for interconnecting various blockchain together, like BaaS for Ant Blockchain, Hyperledger Fabric and Quorum, and ODATS for heterogeneous blockchain (e.g., between Hyperledger Fabric and Ant Blockchain) interoperability.”
“PeerSafe is honored to be one of the first HCSP members,” said Ting Yan, CEO, Beijing PeerSafe Technology Co.,Ltd. “We have accumulated a lot of Fabric implementation experience in finance, government, IoT and other markets. We look forward to continuing to cooperate with Hyperledger to promote the development of enterprise-level blockchain as a certified service provider.”
“We are seeing our clients making significant investments in Hyperledger Fabric blockchain solutions. Managing the complex blockchain solutions and their networks requires expertise to ensure security, performance and scalability,” said Isaac Kunkel, Chainyard SVP Consulting Services. “We continue to be an active member of the Hyperledger community and excited to be the first company in the world to receive the Hyperledger Certified Service Provider for Fabric designation.”
“The addition of the Hyperledger Certified Service Provider program demonstrates continued progress in the maturity of the Hyperledger ecosystem,” said Jerry Cuomo, VP IBM Blockchain Platform. “Given IBM’s significant investment in Hyperledger Fabric, we are pleased to be among the inaugural certified service providers.”
For more on the impact of HCSP certification, read the post Hyperledger Certifications Give Experts A Professional Edge from Chainyard, the first organization to qualify as a HCSP.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, healthcare, supply chains, manufacturing and technology. Hyperledger hosts many enterprise blockchain technology projects including distributed ledger frameworks, smart contract engines, client libraries, graphical interfaces, utility libraries and sample applications. All Hyperledger code is built publicly and available under the Apache license. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.
Dubai, United Arab Emirates – Gitex 2019
http://www.etisalcom.com/pressrelease/chainyard/
In its effort to provide the latest blockchain technology to its clients, Chainyard has signed a memorandum of understanding with Etisalcom, the Bahraini Telecom giant. Etisalcom will be able to provide Chainyard’s expertise and knowhow to its existing clients and customers.
About Etisalcom: Etisalcom is a leading information and communications technology (ICT) solutions provider focusing on the Enterprise Sector in the Kingdom of Bahrain. Etisalcom was established in March 2005 as a new entrant Telecom Company licensed to provide National & Global Telecom and IT services. Etisalcom is the first private sector service provider, and a credible alternative, for fully integrated Information Communications Technology (ICT) solutions, including Next Generation Voice, Video and Data services, in the Kingdom of Bahrain and beyond. For more information, please visit Etisalcom online at www.Etisalcom.com or follow us on: https://www.linkedin.com/company/etisalcom-bahrain-w.l.l/
About Chainyard:
It is as important to mention that Chainyard has a team of blockchain experts that brings extensive experience in architecting, designing, building, testing, securing and operating complex distribution systems to help adopters of blockchain technology succeed. Chainyard’s main services are Blockchain Consulting, where they work with clients to develop blockchain strategy for their business to drive value, reduce cost, eliminate friction and create new revenue models. Blockchain Engineering, where they have wealth of experience architecting, developing and implementing real-world blockchain solutions for some of the largest companies in the world. Finally, Blockchain Operations, where the Chainyard team provide their clients with a complete view of blockchain technology operations landscape and work with them to integrate into their existing operational system.
MRCL is proud to announce a great partnership with ITPeople’s Chainyard and our commitment to take disaster response to a new level of connectedness, transparency, and trust – demonstrating the power of collaboration and connection. Our first phase of a new collaboration software platform, created in Blockchain, has been honored by Stevie Awards with a 2019 Silver Medal International Business Award for Community Engagement. Attending to receive the award were Kathryn Ingerly (MRCL), Sri Nidamarty (Chainyard), Shima Zabihi (MRCL) and Lee Duncan (MRCL).
Let’s take a peek at MRCL’s partnership announcement..
This article was originally published on Supply & Demand Chain Executive.
For any company that operates within the European Union, ethical sourcing will become mandatory for all conflict materials as of January 2021. Even for global companies not affected by this mandate, the forecast suggests that it’s worth making ethical sourcing a priority.
Companies actually benefit from ethical sourcing. It’s viewed as a responsible, enlightened characteristic, which improves a brand’s reputation and its ability to attract customers. It also impacts how the company operates and interacts with its partners.
Emphasizing ethical sourcing requires enhanced transparency and communication with the vendors in a company’s supply chain. Better communication equals deeper relationships between manufacturers and vendors, a stronger manufacturing supply chain, and a reduced risk of adverse events putting the supply chain at risk.
Many serious considerations that go beyond any brand’s image are behind ethical sourcing. The goal of regulations mandating the practice is to ensure that the purchases of materials like tin, tungsten, cobalt, and gold don’t finance war atrocities and human-rights abuses around the globe. They also aim to promote sustainability practices along manufacturing supply chains.
By focusing on conservation and sustainable sourcing to improve supply chains, companies can help ensure that those resources will still be available in the future. Essentially, ethical sourcing is a critical step for companies that want to be more socially conscious and connected with their consumers and the world around them.
For employees who work for such companies, the positivity, pride, and satisfaction of working for a socially conscious employer is key to the joy they feel in their careers. It makes sense for companies to promote ethical sourcing — among other socially responsible practices — to help recruit, develop, and maintain a cohesive, effective workforce.
It also makes financial sense overall. The changes needed to ensure ethically sourced products strengthen a company’s supply chain and help ensure that the economics of certain products are predictable and lighten the burden of producing those products. The effort enables a company to put a premium price on ethically sourced products, attracts customers to the product, and ensures a solid revenue stream.
Why Blockchain Is the Key to Ethical Sourcing
To achieve the level of transparency, communication, and trust that manufacturers need to have with their suppliers, companies need a new way to structure and run their supply chains. Because they have the ability to improve real-time visibility across the entire supply chain, blockchain networks are proving an apt solution.
One of the most important features of a blockchain network is that it allows companies to ensure their suppliers meet the standards set forth in their contracts. Companies can more easily manage third-party suppliers to ensure that obligations regarding worker treatment and conditions, human rights, and other ethical sourcing practices are being maintained.
That’s especially important for manufacturers who use sensitive products in their supply chains. Blockchain documents the provenance of parts, ingredients, and other elements that go into their manufacturing processes. This lets manufacturers see a complete and immutable audit trail that encompasses each stage of the materials’ journey through the supply chain.
As conscious consumers join the call for greater social responsibility and environmental protection from manufacturers, blockchain helps companies answer that call. With a blockchain-powered supply chain, companies can share that immutable proof to show consumers (and regulation authorities) that they’re meeting the demand for ethical and sustainable practices.
How to Run an Ethically Sourced Supply Chain
All of the factors that go into ethical sourcing also augment a company’s overall financial risk profile, which ultimately attracts investment in the company and makes expanding the supply chain easier. Implementing blockchain, a technology that provides the transparency and security to enable a stronger, ethically sourced supply chain, is a viable approach — a task that many companies are already undertaking.
These are just a few of the ways in which companies are successfully using blockchain to ensure ethical sourcing:
This strategy is used by like-minded companies, possibly even competitors, who join forces to make ethical sourcing of materials the standard for their industries. They make a pact to use blockchain to enable provenance and traceability of all materials that go into the manufacturing of parts and products. IBM, Ford, LG Chem, Huayou Cobalt, and RCS Global have used the consortium strategy to implement ethical sourcing of cobalt through a mine-to-end-user blockchain network.
This strategy involves key high-level activities, including forming a consortium, adopting a governance framework, and deploying a blockchain network. Often, the company with a significant pain point will take the lead and fund the core blockchain development; others in the network can then agree to participate in the design and integrate their systems as needed to add or use data. The consortium can then use a services provider to help grow the use of the network within their own supply chains.
Once the blockchain solution is in place and demonstrating value, consortium members can advocate for their other supply chains to join the system. In these cases, a fee model can be used that would increase the return on investment for the initial development.
Not every company can start a consortium, but many can — and do — join existing initiatives. They can start by identifying blockchain networks that have useful data. Several networks have gained traction and will allow access to their data for a single subscription fee. If a network supports the company’s procurement needs and industry-specific regulatory requirements, can validate verifiers on the network, and can integrate data with the company’s existing records, then this may be the company’s optimal strategy.
Not every company can start a consortium, but many can — and do — join existing initiatives. They can start by identifying blockchain networks that have useful data. Several networks have gained traction and will allow access to their data for a single subscription fee. If a network supports the company’s procurement needs and industry-specific regulatory requirements, can validate verifiers on the network, and can integrate data with the company’s existing records, then this may be the company’s optimal strategy.
The Trust Your Supplier network is one such consortium. It shares trusted data with companies in the network to help them with supplier onboarding and life-cycle management. IBM and several other prominent manufacturers have committed to joining this network in efforts to streamline their supplier procurement processes.
For companies that don’t feel ready to jump in with both feet, initiating a pilot program can validate the idea and provide proof of concept. Companies with limited blockchain knowledge should work with a blockchain consulting service to identify the best use cases within their supply chains and should work with stakeholders to develop a program that can run as a shadow to existing systems.
Taking this approach should demonstrate how forecast data can be shared efficiently and securely. At that point, a company may begin sharing its own inventory data onto an existing blockchain network. With an infrastructure and network in place, this should be a simple process of building an integration to the enterprise resource planning system that queries for the relevant product tracking information. The ERP system will then record any changes that have occurred. Down the line, a company can track the inventory directly in the blockchain instead of the ERP, but just providing and getting visibility is valuable.
Many companies use this approach to test blockchain without committing to a full-blown consortium before they’re ready. For example, Mercedes-Benz has initiated a pilot blockchain program to vet third-party suppliers. It’s part of Daimler’s greater effort to ensure its entire supply chain adheres to ethical sourcing practices.
The EU’s impending regulations aren’t the only motivating factor in the growing push for ethical sourcing. Besides the sustainability that comes with ethical sourcing, companies can also show their customers that they care. By making the process transparent, blockchain can help keep supply chains properly aligned with that goal while also enabling better top-line revenue and margins.
This article was originally published on Global Trade.
A recent report by the Organization for Economic Cooperation and Development and the European Union’s Intellectual Property Office shows that imported counterfeit goods raked in $509 billion in 2016 — nearly 3.3% of all global imports for that year. To fight back against the rising tide of knockoffs threatening their brands, companies are turning to blockchain technology to create more transparent supply chains.
Blockchain is a distributed, decentralized ledger technology controlled by smart contracts and regulated by a consensus protocol. The ledger automatically records every transaction, and every record it creates is unalterable. Depending on exactly how one uses the ledger, it can be classified as permissioned, public, or fit for purpose.
Within a brand’s supply chain, a blockchain ledger can manage a variety of activity from automating contract compliance between entities via smart contracts to tracking products from manufacturing to distribution. The ledger eliminates supply chain ambiguities and creates transparency that ensures companies and customers get the quality for which they pay.
The value of modernizing supply chains with blockchain isn’t just theory. Major brands have already begun partnering with tech firms and other entities in response to rising demands for improved brand protection. LVMH (Louis Vuitton SE), for instance, working closely with Microsoft and ConsenSys, has created Aura Ledger to provide proof of authenticity of luxury items and trace their origins from raw materials to point of sale and beyond to the used-goods markets.
Throughout the retail industry, companies like eBay are starting to offer product authentication as a value-added service. Currently, the company authenticates only handbags due to rising concerns from customers about their authenticity. However, eBay plans to expand authentication to additional luxury items that might be subject to counterfeit.
In agriculture, the blockchain-based Grain Discovery streamlines transactions between farmers and buyers, making it easier for them to form new partnerships. In the pharmaceutical industry, distributors have formed the MediLedger consortium to track the provenance of pharmaceuticals and stem the counterfeit drug market worth more than $75 billion annually.
In virtually every industry, suppliers and distributors are turning to blockchain technology to lower their risk of fraud. A decentralized, immutable record of every product’s journey can help verify authenticity — or lack thereof.
Companies that worry about counterfeit versions of their products have options to address the issue. When implemented together, the following steps can help mitigate risk and inspire confidence among companies and consumers alike:
For blockchain to successfully transform a company’s supply chain, every business entity along the chain must agree to participate. That makes establishing a network of trusted partners the most important step toward securing products.
For example, the jewelry consortium TrustChain, which operates on IBM’s blockchain platform, only works because the group includes the mines that produce jewels, manufacturers that refine them, and retailers that sell them.
Given the rise of counterfeit purchases, most companies with strong brands are looking to work with their suppliers to prevent fraud. The momentum of such efforts increases when every stakeholder in the supply chain sees the value and signs up to actively participate in the efforts.
Only with the right tagging technology can blockchain technology track every product along its journey. Through various IoT devices, tags can detect diversions, liquid leaks, vibrations, package openings, tilt, excessive force, and more.
Companies have several options, such as smart tags and high-resolution signatures that digitally relate products to the blockchain. Purpose-fit tags that have been developed to track shipments at the container, pallet, and package levels further help. Companies can also employ decentralized identifiers (DIDs) that are universally resolvable and globally visible to stakeholders throughout the supply chain.
This topic holds great interest across many industries. The RFID Lab at Auburn University recently announced the Chain Integration Project (or CHIP) launch, a project focused on finding ways for retail and apparel companies to communicate with their suppliers about tracking product inventory at the item level using radio frequency identification tags and blockchain. The project has attracted global companies across many industries due to the applicability across supply chains outside of retail and apparel.
Some products don’t need to be tracked with such intricate detail, while others should be tagged to track every moment of their journeys. Determine what tagging technology makes the most sense, adds business value, and is easiest to manage along the entire supply chain.
When customers clearly and directly benefit from a company’s use of a blockchain-enabled supply chain, getting more partners to join the consortium becomes easier. However, brands can’t expect all end users to automatically jump on board.
When eBay released its authentication program for handbags, it did so in response to a need its customers had expressed. To entice sellers to participate, it offers several incentives if they sign up to authenticate their products.
Before long, the streamlined processes and unprecedented transparency that blockchain provides will be more than enough to encourage participation. Until then, make it more attractive through bonuses and other rewards in order to incentivize users and increase customer stickiness.
Protecting against counterfeiting and fraud isn’t always a passive exercise. With blockchain, companies can unleash the potential of IoT, artificial intelligence, and machine learning to actively prevent fraudulent transactions.
For instance, customers can scan product tags to verify their authenticity or compare images of the product against its stored signatures. Proof of purchase and other transaction details can be cryptographically linked to the buyer and product and then subsequently uploaded to the blockchain.
Any product that bears a brand’s name but can’t be tracked to its manufacturer would be considered counterfeit. A company can ensure, in real time, that it receives compensation for every product sold with its name on it.
The reported value of fraudulent goods that hit the global market is expected to continue rising, but companies are no longer helpless in the face of counterfeiters. As more industries and their supply chains embrace blockchain technology, counterfeit goods will no longer have a place in any market.
IBM has announced another major blockchain project, Trust Your Supplier. Digital Asset Live previously talked with IBM Blockchain Ventures Managing Director about it, however today we have a unique opportunity to look at the same project from another angle, Digital Asset Live Editor-in-Chief talked to Sai Nidmarty, CEO/Founder IT People Corporation, blockchain partners of IBM in Trust Your Supplier.
Link to article: https://digitalasset.live/2019/08/17/chainyard-blockchain-offers-better-values/
IBM Chief Procurement Officer, Bob Murphy, provides an overview of Trust Your Supplier. Trust Your Supplier is a strategic collaboration between Chainyard and IBM. Drawing off of the companies’ deep blockchain expertise and informed by pain points identified by IBM Procurement, Trust Your Supplier is a cross industry blockchain network for the procurement function.
IBM and Chainyard have announced Trust Your Supplier (TYS), a blockchain network designed to improve supplier qualification, validation, onboarding and life cycle information management.
Here are a few of the publications that covered the press release.
This article was originally published on LinkedIn.
The term “redundant testing” sounds like an effective quality assurance measure. In fact, it is: It has been used as a fault tolerance mechanism in many industries. However, in most of today’s supply chains, redundant quality testing takes time and effort, and often decreases testing performance.
Many products require components from a variety of suppliers. This amplifies the problems associated with redundancy. Yes, quality is paramount in each of those components and in most products overall, but redundant testing causes inefficiencies that waste time and resources.
If there were a way to eliminate the need for redundant tests, those inefficiencies would be gone. In many cases, blockchain is that way. The visibility that it gives you into your supply chain is the most effective first step in phasing out redundant quality testing without the risk of sacrificing the quality of your product.
Permissioned blockchain, the technology catalyst for Hyperledger Fabric, Quorum, R3 Corda, and other enterprise platforms, creates a network that automatically records transactions into an irrefutable and trusted record. Or in the case of manufacturing, it records every step in a product’s journey along the supply chain — and the journey of every component that goes into that product.
Permissioned blockchain, the technology catalyst for Hyperledger Fabric, Quorum, R3 Corda, and other enterprise platforms, creates a network that automatically records transactions into an irrefutable and trusted record. Or in the case of manufacturing, it records every step in a product’s journey along the supply chain — and the journey of every component that goes into that product.
Beyond compliance, blockchain sets the foundation for a level of trust that eliminates the need for redundant testing. Every component supplier along your supply chain can conduct their own rigorous testing. Their results, combined with a digital signature, can be recorded directly from their manufacturing equipment into the blockchain system greatly increasing trust in the results. This both ensures that the supplier can’t alter the results and gives you a glimpse into the testing process.
Because it increases visibility into the supply chain, blockchain is a boon to industries where audit and regulatory compliance are important. The system provides a verified historical record that can’t be altered. In addition, smart contracts can be used to audit all transactions for compliance instead of selecting samples and hoping they’re representative of all transactions.
Integrating every supplier and stakeholder in your supply chain into a blockchain network is a guaranteed way to eliminate the need for retesting every component. Making the test data part of the goods receipt process, freeing up time is only one of the benefits you’ll realize.
We know that because other tests should catch any component-level issues, redundant testing can decrease the performance of each test. By reducing redundant component-level testing, you can focus on improving your tests of finished goods. And because it reduces unexpected quality problems along with redundant tests, it also improves your margins. Better testing results in higher quality, which benefits product management, sales, manufacturing, and ultimately, consumers.
The motivation behind redundant testing is largely the fear of missing defects only to have to correct them later in the production cycle. The costs of late remediation can be exorbitant, yet you can avoid them if you can depend on your component manufacturers to test and certify their parts. With both the results and the certification recorded on the blockchain prior to delivery, every section of your business — and your customers — benefits from not having to rely on redundant testing.
Detecting and addressing defects earlier in the production cycle is just one way that blockchain helps reduce production time and costs. This simultaneously eliminates time-consuming steps, making production faster and less expensive overall. Fewer steps — especially redundant testing — means fewer opportunities for variables to create production issues. Operations, product management, and sales especially benefit from having more streamlined processes.
When production is streamlined and you have eliminated the need for redundant testing, quality assurance becomes a much easier activity to maintain. That’s especially true as products and processes change, suppliers come and go, and your supply chain evolves over time. The integration of blockchain and certified testing allows you to keep margins healthy, production efficient, and product quality high throughout any changes.
As with most of the benefits that come with a blockchain-enabled supply chain, the reduced need for redundant testing stems from the visibility and transparency to trusted data that the technology provides. To learn more about how blockchain can improve your supply chain process, download our whitepaper.