Digitisation has established its reliability almost in all sectors, and most businesses have come to terms on digital processes and procedures. In the current times, companies are really working hard for cost-saving, with emerging technologies. The faster pace of digital transformation technology in the economy or the supply chain is here to stay. These technologies are changing the supply chain industry every day and therefore, “Supply Chain 4.0” will be faster and capable of reducing delivery times to just a few hours. Faster deliveries depend on forecasting approaches and predictive analytics, which takes market trends, weather, holidays, construction works and more into account, by providing an accurate forecast of customer demand. While data monetisation is hugely associated with the digital businesses, it is better to architect supply chain to drive innovation, profitable growth and productivity. At present enterprise supply chain, are relying on the guiding principles of supplier collaboration, transparency, scalability, and efficiency.
TRST01 SCM solution includes, BlockChain, IOT sensors and VTS to provide real-time monitoring of goods under transportation. ETgarage Supply Chain Management solutions design to fit for livestock, cold chain, fresh produce, milk and Public Distribution System (PDS) supply chain. for demo write to us firstname.lastname@example.org
Agriculture sector is the mainstay of India’s economy. In the past decade, India made remarkable progress in exports of niche items like capsicum chilly, castor oil, tobacco extracts and sweet biscuits, apart from basmati rice, meat and marine products. With around fifteen agro-climatic zones and different cultivation practices, India will benefit from advances in modern approach farming. In fact, blockchain technologies enhances transparency and traceability that can be leveraged to create more efficient supply chains. Aggregating and organising the supply chain will further promote better standardised agri-market practices. Therefore, the collection of agro intelligence data through the modern practises, help to enhance micro-financing, credit facilities for farmers, and creating faster access to traceability solutions.
Digital technologies can make supply chains functional and resilient. New technologies can therefore facilitate the supply-demand interface.
ETgarage is focused on integrating its platform to the industry, in order to streamline the process and maximising the productivity. The use of automation, artificial intelligence, and robotic involves the conversion of farm data into actionable insights. This would enable mass data communication in real-time among various stakeholders. Therefore, ensuring about the food safety, biosecurity and traceability by benefitting all participants in the supply chain.
Seed traceability is mainly aimed to help farmers during their purchase of seeds, helping them identify the seed’s origin such as from where the seed has arrived or produced. There are around 135 seed testing labs and 25 seed certification authorities in India. India has always faced problems with low-quality seeds which causes loss to farmers and ultimately the economy. Many incidents have taken place in the past due to this which have caused extensive damage to crops and have destroyed the livelihood of many farmers. The seed is the basic input of any agricultural process and plays a significant role in attaining higher crop yields and sustained growth. The distribution of quality seeds is as critical as their production. The vast majority of Indian farmers do not have access to high-quality seeds, due to their exorbitant prices. Another challenge is the availability of spurious seeds. Around 60 to 65% of seeds used in the country are unlabelled. In India, around 35% of seeds in use are from the cultivated crops, saved by the farmer. Only 45% go through the ICAR system, with certifies the products. The balance comes from private companies and doesn’t go through an authorised certification process.
Food Traceability is the ability of a business to track the movement of various food products (raw materials, food components, finished food products) throughout the entire supply chain stage, from manufacturing, to processing and on to market distribution. The necessity of food traceability ensures Food Safety; Real time location of food product; Corrective Action(recalls); Compliance and Regulatory frameworks. Food production traceability has emerged as an important link in global food trade and in making agriculture more environment-friendly. According to the report published by Allied Market Research, the global food traceability market is expected to garner $22.27 billion by 2025, registering a CAGR of 9.3% from 2018 to 2025. This is due to rise in demand for traceable solutions across various industries and mandatory usage of barcodes, QR codes, data-matrix codes, and dot codes for packaging in food & beverages, personal care, pharmaceutical, and other industries. Along with empowering consumers, food traceability is also enhancing the value of a brand. The consumers look up to such brands with trust and consider their products authentic. Food traceability is imperative; the growing need of every country, company and consumer
Document verification is a complex. Involves various challenging and tedious processes to authenticate. Moreover, various types of documents for instance banking documents, government documents, transaction documents, educational certificates etc. might involve customized verification and authentication practices. The content for each type vary and in a distinct manner. As the medium becomes digital, challenge of processing the original documents is rising. This is applicable in all the domains. A skilfully generated fake document is always hard to detect and can be treated as the original. The key issues in document verification is in its storage, retrieval and access to data. With the increase of forged documents, credibility of both the document holder and the issuing authority is jeopardized. Blockchain technology has recently emerged as a potential mean for authenticating the document verification process and a significant tool to combat document fraud and misuse. With the use of blockchain, documents once stored are unchangeable and the validation process is quick and direct, cutting out any physical interactions and speeding up the entire process.
ETgarage Collaborative Blockchain technology interface allows to verify that the document as the true document that was created by the issuer.
Blockchain is evolving to be a secure and reliable platform for secure data sharing in application areas such as healthcare. With advances in electronic health data, cloud data storage and patient data protection regulations, new opportunities are opening up for the healthcare data management. Ensuring data security, storing, transactions, and managing their smooth integration is tremendously valuable to any data-driven organization, particularly in health care where blockchain technology has the potential to solve these critical issues in a robust and effective manner. The current issue prevailing is:
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