Slavery affects more than 40 million people worldwide, many of them exploited, linking to the supply chains of multinational corporations supplying goods and services. It is a lucrative business, slavery is estimated to generate more than $150 billion a year. Modern slavery is most prevalent in Africa, followed by Asia and the Pacific. Therefore, Orixe created a blockchain solution for the future – secure, energy-efficient, and user-friendly. By taking supply chain management and quality assurance to a new level, you will be part of making modern slavery part of the past.
Blockchain technology in the supply chain can help participants record price, date, location, quality, certifications, and other relevant information to more effectively manage the supply chain. The availability of this information within the blockchain will increase the traceability of the supply chain. By being able to increase traceability, you can become more aware of how your suppliers are acting and be sure that they are not following unethical practices.