Supply Chain Management
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:
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.
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.
Read the technical documentation and installed a node via docker for testing.
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.
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.
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.