Supply Chain Management

Air Sourcing

Helping buyers finding the right vendors

Project Demo Video

Project location:

Hong Kong

Team:

4

See Project Documentation

What is the solution you are building and how is it addressing the problem?

This project is meant to build an online platform to match buyers with manufacturers and ensure the integrity of the sourcing process. The process has following components:

  • Product design and specifications
  • Prototyping
  • Costing
  • Material purchasing
  • Production
  • Shipment

Describe how the OriginTrail protocol fits in with your solution architecture?

We plan to use the OT protocol to hold the full transaction amount paid from the buyer until the finished goods reach the vessel. That way, the buyers know the finished goods were manufactured and the vendor is ensured that the buyer paid the full amount. Additionally, we want to trace the origin of materials to ensure that manufacturers work only with nominated material suppliers. The blockchain underlying the OT protocol would offer the benefit of transparency and tamper-evident.

What are your relevant previous achievements?

Core architects and developers of the Datacrag software, which is a multi-node-network-based decision making software for digitizing supply chain processes that involve data transfers.

Describe your previous experience with the OriginTrail protocol.

Read the technical documentation and installed a node via docker for testing.

Describe the problem you are solving.

Currently, buyers at brand companies cannot trust their manufacturers without extensive due diligence measures and an onsite quality inspection. There are many cases of deposit scams (manufacturers keeping the deposits and closing down the factory or money wired to wrong account) and material purchases from non-nominated suppliers (manufacturers buying materials on the black market and for a lower price than agreed). This is most often the case when the buyer onboards a new manufacturer.

How do you plan to scale your idea?

For the idea to work we need to get traction from both buyers and manufacturers. We will require VC funding to incentivize the first 10K users and get enough activity to make the platform become a real alternative to sourcing agencies.

Why should OriginTrail and our community choose your idea amongst others?

Because, if executed properly, the platform can become a very profitable business. Also, it solves a painful business problem and the OT protocol would become a core component of the platform.