Trust Your Gut

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New Normal, Digital Transformation, Industry 4.0

Trust | Transparency | Traceability

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Trust Your Gut

21 April 2021    |     Blockchain, Emerging Tech

The Emerging Technology Garage company ETgarage is a Blockchain-technology company that uses emerging technologies to address Industry Pain points on Trust, Transparency and Traceability. ETgarage unique technology platform TRST01 create pure technology dominance among products and services to address the newer challenges of Industries 4.0. The focus is to cater to diverse industry issues by delivering Blockchain Solution suitable to business requirements.

ETgarage mantra: Trust , Transparency, Traceability defines the Economic Benefit (to create business value through enhanced trust and reduced risk across the value chain)

The benefit of our TRST01 value proposition is:
  • To increased end-customer satisfaction with valued products and services
  • To improved efficiency along the supply chain
  • To addresses upon grievances and compliance issues
  • To optimize the view of product movement

Focus Area: Primary Domains of applications are in Food and Agriculture, Healthcare, Energy and BFSI through the process and Technology of Supply Chain Management, Document Authentication, Smart Contract, Track & Trace (Food & Seed).

TRST01 USP: ETgarage qualifying technology can be attributed for: 1. A NOVELTY FOR GROWTH 2. COHERENT APPROACH 3. FUTURISTIC IMPACT

Need of the Hour: With growing consumer awareness and the addition of numerous channels across the supply chain, Traceability has emerged as a top priority for various industries. It is visible from the Consumer Value Equation survey conducted by Deloitte, which states that 62 per cent of buyers focus on Transparency coupled with other wellness-oriented parameters while making their purchase decision. The expectations of a rise in the volume and quality of information have worked wondrously in promoting buyer trust and dependability.

Points to Note: The 2021 Edelman Trust Barometer was conducted among 33,000 respondents in 28 global markets, including India, between October 19 to November 18, 2020, and has looked at how institutions are trusted against the backdrop of the pandemic and the rise of information bankruptcy. According to the research, the state of trust (for people expectations) in India is reduced to 77 Index points. These actions are in line with global concerns and decline of trust in all sectors in 2021, especially from those closely related to people’s lives, including drops in Consumer-Packaged Goods (18 points), Technology (13 points) and Food and Beverage (13 points).

Therefore, 2021 Necessitates New Information Dynamics:

  • 1. To address the fundamentals: Public focus has shifted back to foundational problems of expectations & service
  • 2. Business to embrace a change mandate: Business is expected to drive societal change more proactively
  • 3. To communicate change effectively: Consumers matter more than ever; to rebuild trust
  • 4. To provide trustworthy content: to provide truthful, unbiased and reliable information

Traceability and Transparency through blockchain: Traceability and Transparency are increasingly important as consumers are becoming more aware of the connection between their health and the ecosystem’s health. TRST01 uses blockchain technology – linking data across the supply chain – to make product and services more transparent. The main purposes of our platform are to analyze the implementation of blockchain technology, intended to provide trust and its linkages with business sustainability.

TRST01 PLATFORM BRINGS ABOUT THE BEST USE OF EMERGING TECHNOLOGIES, BRIDGING BACK THE TRUST FACTOR, SIMPLIFYING VERIFICATION, AUTHENTICATION, AND CREATING A BETTER WORLD FOR ALL

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