Manufacturing
Spare Parts – Track and Trace
Blockchain helped track and trace manufacturing spare parts and its data along the supply chain through the following four segments: Factory to warehouse, warehouse to distributor, distributor to dealer, and dealer to end customer. The blockchain records spare parts supply data, GPS data, and the time stamp through an NFC. With this platform, you will be able to verify that the spare parts are authentic, the supplier is accountable, and prevent warranty loss claim.
Bank Guarantee
A distributed ledger will help automate and standardize SFMS messaging, allowing immutable evidence for audit trails and transparency across the chain. Smart contracts in the blockchain ecosystem automize this process. A contract is recorded and requests a Bank Guarantee – the Bank Guarantee will then be issued and confirmed by the bank. Smart contracts thus automize the Bank Guarantee release to avoid penal provisions and assists in near zero disputes on the chain.
Manufacturing
Spare Parts – Track and Trace
Blockchain helped track and trace manufacturing spare parts and its data along the supply chain through the following four segments: Factory to warehouse, warehouse to distributor, distributor to dealer, and dealer to end customer. The blockchain records spare parts supply data, GPS data, and the time stamp through an NFC. With this platform, you will be able to verify that the spare parts are authentic, the supplier is accountable, and prevent warranty loss claim.
Bank Guarantee
A distributed ledger will help automate and standardize SFMS messaging, allowing immutable evidence for audit trails and transparency across the chain. Smart contracts in the blockchain ecosystem automize this process. A contract is recorded and requests a Bank Guarantee – the Bank Guarantee will then be issued and confirmed by the bank. Smart contracts thus automize the Bank Guarantee release to avoid penal provisions and assists in near zero disputes on the chain.
