Shine Trace
Shine Trace
TRACE TILL THE LAST MILE. THE LAST MILE.
Our Shine platform can be used to record all supply chain transactions on which multiple actors can transact directly via a peer-to-peer network, without any central controlling authority. Each participant has access to a shared ledger that immutably and cryptographically records all transactions, and can be displayed at the click of a button
SAFER. TRACEABALE. SUSTAINABLE.
For every industry, every product, at every level, traceability is the driver of a smarter, safer, more efficient, entirely connected, carbon-neutral supply chain. It is the key to a more sustainable world.
WHAT CHAINFLUX’S TRACEABILITY CAN DO FOR YOUR BUSINESS
Increased brand value leading to increased sales
Today’s discerning customers want to identify with a brand that offers them complete transparency into how their purchase is made and sourced. By providing them that on Shine, the brand value increases exponentially with a proportionate increase in exports & revenue.
Easy product recall in case of defects or damages
With point to point visibility across the value chain, it would be easier than traditional methods to identify with accuracy the point at which any lacunae/defect occurred, thereby curtailing it faster and reducing and preventing product recalls from recurring
Seamless integration
Integrate with existing platforms such as ERP systems, accounting software, inventory management system, and finance/accounting systems using simple APIs
Roles and access permissions
Administrators and users can selectively give permissions to certain approved users and have the viability of data permissions as per deemed rules
TRACEABILITY USE CASE – MEAT
To quell the climate of food-related fear and consumer uncertainty about the meat industry overall which has been plagued by supply-side issues and contaminants, Chainflux has developed its meat traceability solution along with ICAR-NRCM ( Indian Council of Agricultural Research – National Research Centre on Meat)
Evidence backed meat product
Not just the certifications attesting to the quality, but showing the entire journey of the meat to the farm level and the slaughtering process helps in manifesting greater consumer trust
Premiums for traceability backed meat products
Consumers are willing to pay a higher price for a product that is organically certified through traceability over its supply chain when compared to conventional and locally sourced meat items
Better inventory management and forecasting
Balancing availability at e-commerce and retail shops at all times versus keeping inventory and waste to a minimum is a big challenge. With real-time data recording and visibility to all parties, the blockchain platform helps resolve this
Sustainable production
Traceability will ensure better monitoring of key emission factors such as energy use, waste generation, pollution control, natural resource conservation, and animal welfare and help maintain complete transparency in internal sustainable practices and regulatory compliance
TRACEABILITY USE CASE – GOLD
Shine Blockchain platform is employed by the National Stock Exchange (NSE) and India Gold Policy Centre to enable traceability of all gold settled on their platform.
Source traceability
Data for each batch of gold, for all NSE onboarded refiners, can be seen and traced back to the source to exactly establish its provenance
Trust and Transparency
Maintain traceability of bullion bars from import client/trading member to the delivery of the bars. This traceability data can be provided to buyers, regulators, banks to build trust and credibility for the platform
Bullion integrity
Maintain bullion integrity and sanctity by working to establish a digital, tamper-proof blockchain ID, which will be unique to the bars imported
BETTER CUSTOMER EXPERIENCE. BETTER PARTNER EXPERIENCE.
A recent study in Harvard Business Review (HBR) across seven major US corporations that lead the supply chain industry showed that blockchain-based record-keeping can greatly improve value chains by enabling faster & more cost-efficient delivery of products, enhancing products’ traceability, improving coordination between partners, and aiding access to better financing and loans