QuillTrace is a Blockchain Technology based procurement platform made easier to integrate with the existing Supply chain systems to make it more transparent, sustainable and secure.
Reducing Supply-chain barriers to trade could increase global GDP by nearly 5% and global trade by 15%. (Source: World Economic Forum, 2013). By harnessing the power of Blockchain, QuillTrace provides greater traceability, transparency, and security in every possible Supply-chain.
Major Problems which result in loss of revenue in businesses are Counterfeiting of Products and Authenticity which lead to loss of Customer Trust and Brand Reputation.
Our Blockchain traceability solution aims to improve the efficiency of the logistics industry by synergizing all the stakeholders together and automating the clearance processes.
Increased traceability and transparency using Blockchain make it difficult for counterfeit medicines to enter the market and reduces pharma wastage.
Easy and convenient authentication of Artworks with tracing of artwork to provide resale royalties to the artist.
We are committed to helping the agri-food industry by offering real-time traceability of food from farm to fork to ensure the highest safety on the foods produced and processed.
Removing the opacity from the Jewelry Supply Chain and making sure the diamond ring on your finger is authentic and does not have a blood diamond on it.
Authenticating physical and digital documentation through Blockchain enabled distributed ledger technology for validating and verifying the proof of existence.
Existing supply chains lack traceability and transparency which results in the introduction of counterfeits. With the use of Blockchain, the existing supply chains can be made more transparent, traceable and secure.
QuillTrace uses various Blockchain networks such as Ethereum, EOS, Quorum, and Hyperledger. The selection of the network will depend on the client’s requirements and needs.
QuillTrace uses various IoT devices such as Bluetooth beacons and sensors which upload the data to the network and hence provide real-time traceability.
Blockchain Technology brings all the entities together to share all information in real-time to all the parties (distributed ledger system). This avoids the use of third parties and provides immutable data along the supply chain thereby restoring trust among the parties.
Blockchain provides more efficient and transparent tracking of products, speeds up the clearance processes, removes the need for third parties and digitalizes the various pen and paper-based processes. This, in turn, reduces the operational cost and hence improves the efficiency of the project which leads to significant revenue gain.
Supply chain involves different phases with different entities like different stakeholders and there is a lack of trust in the mid-man and the end nodes of the chain which causes corruption, and high possibilities of counterfeiting so the blockchain can prove to be a one-stop solution for these problems giving control and surveillance over a consortium
Blockchain Technology is the web 3.0 which provides real-time traceability of products as they travel through different entities in the supply chain. Blockchain brings all the stakeholders together on one decentralized (not controlled by any party) platform for information sharing which builds trust and increases organizational efficiency. Moreover, when it comes to hassle clearance processes, Blockchain is the solution which digitizes all the complex pen and paper-based systems using the smart contract. Blockchain solution ultimately helps in better inventory management, sales forecasting and achieving operational excellence.
The various problems in the supply chain are not limited to a specific region, this is a worldwide problem and you can find different solution providers anywhere and these are basically IT Consultancy and development companies. Quillhash Technologies is one of those companies serving industries for more than two years a QuillTrace is the procurement platform providing solutions of traceability in the supply chain.
