The risk of receiving counterfeit products and pirate goods from suppliers can be a major threat to an organisation. Increased transparency and documentation will make it easier for organisations to trace their products and can save organisations from ending up with faulty machinery. Faulty machinery costs resources, time, reliability, and reputation. With Orixe this problem can be minimised and solved. All the components of the organisation’s supply chain can be integrated into one platform, with all the relevant data being shared. This makes identifying where in the supply chain any wrongdoing occurred very easy, so the fault is not automatically blamed on the organisation selling the end-product. Orixe created a blockchain solution for the future – secure, energy-efficient, and user-friendly. Orixe will help your company take supply chain management and quality assurance to a new level, making counterfeit products a thing of the past.
Blockchain technology in the supply chain can help participants record price, date, location, quality, certification, and other relevant information to more effectively manage the supply chain. The availability of this information within the supply chain will increase the traceability of the supply chain making it harder for counterfeit products to remain undiscovered, and when they are found it only takes a matter of minutes to find the responsible party.