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Consumer Goods Traceability with Blockchain
Consumer Goods Traceability with Blockchain provides robust proof of compliance through the entire value chain, supporting food processors, retailers, and consumers. Using blockchain and Internet of Things (IoT), this solution helps detect, trace, and—when required—recall suspect products more efficiently. This helps ensure consumer satisfaction while reducing or eliminating reputational damage and financial losses. The solution also helps promote health and safety as well as ecological and socioeconomic causes.
Key Benefits
Detect, trace, and recall suspect products more efficiently, protecting consumers, mitigating reputational damage, and reducing financial losses.
Enhance Supply Chain Visibility
Detect and track supply chain incidents and anomalies with fine-grain detail, improving transparency and mitigating risk.
Track Product Journey and Condition
Real-time location and delivery tracking though IoT asset management, minimizing lost productivity and improving product quality.
Safeguard Product Provenance
Better product transparency for place of origin, authenticity, and provenance. This reduces risk and improves policy compliance management.
Ensure Product Quality
Reduces the risk of product tampering.
Consumer Goods Traceability with Blockchain Resources
Forbes: Can Blockchain Alleviate the Food Contamination Crisis?
Recent outbreaks of food poisoning across the US are a sign of larger problems in the food supply chain, problems exacerbated by consumer demand for fresher, less processed, farm-to-fork fare.
CIO: Five Ways Blockchain and IoT are Transforming the Supply Chain
Today’s customers demand superior product experience, better customer service, greater transparency, improved safety standards, and faster delivery.
IDC: Disrupt or Be Disrupted
The consumer goods and retail industries are undergoing massive change, much of it driven or enabled by supply chain transformation.
Oracle Blog: What Will It Take for Better Traceability from Farm to Fork?
With 16% of consumers saying they would never buy a recalled food product again, what will it take for better traceability? What will it take to minimize food safety problems?
Solution Brief: Consumer Goods and Retail Traceability with Blockchain
Easily track and gain visibility about product quality, compliance, product journey, authenticity, performance and recall related information.