Problem Statement

  • No proof of work or transparency in the pricing over the journey of a product from the manufacturer to the buyer as multiple stakeholders pass-on the invoice at different stages
  • No proof of work or transparency in the pricing over the journey of a product from the manufacturer to the buyer as multiple stakeholders pass-on the invoice at different stages
  • Lack of ability by prevailing industry applications to handle multiple data touch points and make those data available on one single platform

Outcome

  • Created a single database with the help of blockchain technology to track the invoices
  • Resulted in easy transaction of invoices on various stations on its journey across continents before reaching the end buyer

Key Highlights

  • Eased stakeholders for tracking the invoice and handle it without actually tempering the data
  • Aggregated all the data touch point on a single database making it flawless to identify and move transactions fasters
  • Created a proof of work to identify the market value of the same commodity at various touch stages of transaction and timelines

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