Solutions for Manufacturing

An increasing number of companies use blockchain technology in their manufacturing processes.

The transparency and authenticity they gain is of significant value for tackling issues like supply chain monitoring, materials provenance, counterfeit detection, quality assurance, and regulatory compliance.

iDefendo’s blockchain-based solutions create value by helping companies overcome challenging problems. By providing reliable and immutable evidence in real time, our solutions are building trust, visibility, and transparency, which leads to effectiveness, cost reductions, and streamlined operations.

Solutions for Manufacturing

How you benefit

Cost reductions

Trust, visibility, and transparency lead to effective, streamlined operations

Transparency

All involved parties can have trust and confidence in the goods and services being delivered

Risk mitigation

Enterprise risk is reduced and fraud is limited, ensuring safety and product authenticity

When applied to a supply chain, every step can be traced, both upstream and downstream. This enables companies to track their assets with precision, facilitating the scaling of products and improving predictability. Entries of data in the blockchain are immutable and time-stamped, and they create a clear record of product provenance and history, which is useful in quality assurance and counterfeit detection. An immutable record of actions enhances regulatory compliance and is a key component in ensuring compliance with both current and future regulations.

Transparency ensures that everyone in the value chain can have trust and confidence in the goods and services being delivered. Since all involved parties and stakeholders are provided with the details they require – no intermediary necessary – confidence is enhanced even if some of them do not know whether they can trust others. Partners do need permission to access information, which makes it is possible to withhold data as needed to avoid revealing proprietary information or trade secrets.

Since all involved parties and stakeholders are provided with the details they require – no intermediary necessary – confidence is enhanced even if some of them do not know whether they can trust others.

In PwC’s 2018 Global Blockchain Survey, 84% of executives across industries said their companies have had some involvement with a blockchain, and 15% already have live projects.

Source: PwC www.pwc.com/us/en/industrial-products/publications/assets/pwc-blockchain-in-manufacturing.pdf