< Features
Transforming Retail Supply Chian with Blockchain Technology
Empowering Transparency and Efficiency in Supply Chains.
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BENEFITS
Authenticate, Trace, Verify Products
Blockchain enhances retail supply chain by ensuring transparency, traceability, and authenticity of the product. It enables real-time monitoring, reduces counterfeiting risks, streamlines regulatory compliance, and empowers stakeholders with secure access to verified data, fostering trust and customer's safety.
Enhanced Supply Chain Visibility
Reduced Fraud and Counterfeiting
Transparency and Traceability
RETAIL SUPPLY CHAIN TOKENIZATION PROCESS
Dairy value chain with blockchain integration
1.

Facilitate real-time updates to blockchain asset data by iniviting supply chain participants using different systems to the blockchain network. Ensure decentralized access and secure authentication for data integrity, fostering collaboration in creating or updating asset information.

2.

Once the product lots/ product batches are manufactured, they are assigned a unique identifier. This tokenization step facilitates meticulous tracking and monitoring of individual product batches from the production phase through distribution across various levels of supply chain, thereby safeguarding product authenticity and integrity.

3.

Integrate Spydra’s Oracle ith IoT devices for real-time tracking of physical goods, enabling incident reports triggered by Workflow trigger such as temperature deviations during transportation.

4.

Enable customers to verify the authenticity of the product by scanning the product, granting access to its comprehensive history, current ownership details, and other pertinent information.

5.

Leveraging blockchain's ownership transfer capabilities, trade loyalty programs can provide partners with benefits such as loyalty and improved engagement, all while enhancing transparency and streamlining settlement and reconciliation processes.

Benefits for Participants

Various participants play distinct roles in the ecosystem. Each participant of the supply chain stands to gain specific benefits from utilizing blockchain technology

CONSUMERS
  • Consumers gain access to transparent information about the entire supply chain, fostering trust in the origin and authenticity of the product.
  • Blockchain enables consumers to authenticate and trace the source of the product they purchase.
Manufacturers
  • Enhanced traceability helps in maintaining and proving the quality of the product, meeting regulatory standards.
  • Identify and address bottlenecks to streamline processing and manufacturing operations, enhancing overall efficiency.
REtailers & distributors
  • Real-time data on product movement aids in efficient inventory management and reduces the risk of stockouts.
  • Ensure the quality and authenticity of drug while mitigating the risk of counterfeiting.
100M+
Transactions on Fabric
50M+
Assets on Chain
90%
Reduction in cost & time
20+
Clientele
CASE STUDY
How Spydra Helped Raymond Combat Counterfeit and Streamline Trade Loyalty

According to the OECD, this illegal activity represents about 3.3% of world trade, equating to a staggering $509 billion annually. Raymond, India's largest fabric retailer, faces significant challenges due to counterfeit products in its supply chain. Read how Spydra helped Raymonds reduce the impact of counterfeiting using asset tokenisation.

100M+
million saved annually
1400+
hours saved monthly
Featured Blogs on Supply Chain  --
More Blogs
Blockchain and Tokenization: The Solution to Supply Chain Visibility
8 minute read
How Does Blockchain Technology Revolutionize the Supply Chain Industry?
4 minute read
The Future of Warehousing: Blockchain in Supply Chain Operations
5 minute read
WHY CHOOSE SPYDRA?
Focus on building your use case. Leave the blockchain to us.
Spydra offers an intuitive low-code asset tokenization platform that allows you to focus on building your use-case while leaving the complexities of blockchain to us. Spydra provides production-ready infrastructure, ensuring a smooth and efficient launch of your blockchain use-case.
An intuitive low-code asset tokenization platform
1. Deploy
Create your network, deploy our pre-configured asset tokenization application tailored to your use case, and invite other participants to join your network.
2. Integrate
Once your network and asset tokenization app are deployed, access your APIs and easily integrate blockchain into your application. No changes to your code, just a few additional API calls. We have simplified integration with systems like SAP, etc.
3. Production Ready
Launch your blockchain use case quickly on the ground.Customise to your use-case backed by innovate platform features.
Customise to your use-case backed by innovate platform features.
Fractionalise and issue tokens for your assets with Token Engine
Bring Off-chain data to your blockchain with Oracles
Automate your tasks with no-code using Workflow Builder
Get notified on every critical blockchain event with Listners
File Storage & Sharing made easy with Graph Query
Tailor smart contracts for your use-case with Custom Chaincode
LET'S CONNECT
Discuss your use-case with us!
We want to see how Spydra can help your team build products or process on blockchain. Schedule a live in-depth demo with our blockchain experts to help you get your blockchain journey started.
Talk to an Expert
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FAQs

1. What is blockchain technology in the context of retail supply chains?

Blockchain is a distributed ledger technology that securely records transactions across multiple parties in a verifiable and permanent way. In retail supply chains, blockchain can be used to track the movement of goods from manufacturer to retailer, ensuring transparency, traceability, and trust among all stakeholders.

2. How does blockchain enhance transparency in retail supply chains?

Blockchain provides a transparent and immutable record of every transaction or event that occurs within the supply chain. Each participant in the network can view the entire transaction history, which reduces the risk of fraud, counterfeiting, and unauthorized changes to data.

3. What are the key benefits of implementing blockchain in retail supply chains?

Implementing blockchain in retail supply chains offers several benefits, including increased transparency, enhanced traceability, improved efficiency through automated processes, reduced costs by eliminating intermediaries, and strengthened trust among trading partners and consumers.

4How does blockchain ensure the authenticity of products in the supply chain?

Customers can verify the authenticity of drugs by scanning the product, and gaining access to its comprehensive history, current ownership details, and other pertinent information.

5. How can participants with different levels of technological background contribute to the blockchain network?

Participants can contribute data to the blockchain network through various means, including integrating existing systems, using user-friendly interfaces, or uploading data via familiar formats like Excel or CSV files. This flexibility ensures that all stakeholders can easily participate in and benefit from the blockchain-enabled dairy supply chain transformation.

6. What kind of support does Spydra offer for blockchain implementation?

Spydra offers comprehensive support for Hyperledger Fabric implementation, including customized network development, smart contract development, integration and API development, deployment, and maintenance. Our team ensures a seamless and successful implementation of your blockchain solution.

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