Supply chain management handles everything from when goods are shipped to when they are
delivered to stores or factories from warehouses. This work was completed using time-consuming
paperwork and massive databases hosted on the server. Now it’s time to upgrade with supply chain
management software using blockchain technology.
Blockchain-based supply chain monitoring solutions have raised the bar. They deliver more
real-time data than earlier choices based on VANs, GDS services, and cloud hubs and offer better
interoperability. Blockchains also enable partners to automate complex interparty agreements and
use customizable formats. Partners can streamline their operations to better satisfy their
supply chain needs owing to blockchain technology.
This transparency is offered by blockchain technology, such as Hyperledger Fabric, which is
designed for enterprise use and gives trading partners control over how their information is
shared inside the network. This permits the confidentiality of proprietary transaction
We at Speqto, provide the best blockchain-based supply chain management solutions assisting you
to trace your product journey with enhanced efficiency and visibility. With the collaborative
efforts of our skilled and experienced professionals, we deliver the finest supply chain
solutions to our clients with prime service quality.
Supply chain Solutions we offer
SPEQTO is the one-stop destination for all your supply chain solution needs. Client’s need
fulfillment is our topmost priority. We ensure exclusively customized service for our clients as per
their expectations, needs, and preferences. Some of the Supply chain Management Services we offer
are as below-
Supplier data management-
Securing the information record in the safest and most cryptic way. Maintaining records of
each transaction helps us in many ways for future purposes. It helps in maintaining
transparency and building strong client relations.
Contract Cost management-
Price plays a major role in any deal for both the parties involved. Using blockchain
technology in enhancing the supply chain management system assists the management in
estimating the overall cost with accurate results due to updated digital automation.
Order placed for products and services-
Discover the product and services with correct ordering procedures. Get automated updates
enabling faster and more cost-efficient delivery of products, enhancing products’
Requisition management service-
Maintaining the request-order documentation in sequential order is beneficial for having an
estimation of the required material. The status of a product is frequently tracked using
blockchain technology at every stage of its lifespan. It is favorable to keep track of
processes beginning with the first phase of production.
Effortless orders processing-
Blockchain technology facilitates rapid order processing with no middlemen or gateways.
Organizations must react instantly to sudden demand changes on an increasing regularity in
order to survive the rapidly changing market. It requires technology that can automate the
operations and swiftly adapt them to necessary modifications.
Prompt Invoice processing-
Rapid invoice processing, equipped with peer-to-peer architecture. All transactions are
transparent between a payer and a payee, and money transfers can be done quickly and easily.
A Blockchain-based system eliminates the need for lengthy delays because everything moves
along much more quickly and securely.
Process of Blockchain supply chain development
Evaluating current case
Configuring the system
Progress and deployment
01 Evaluating current case
The initial step is to figure out, our client's expected vision to enhance supply chain
management. We begin by formulating a use case, which is a concise but thorough
explanation of the "points of application" for the blockchain and the objectives they
want to accomplish. After that, we can specify the technical area of work and the
on-chain and off-chain business entities.
02 Solutions Designing
In this phase, we evaluate and analyze the feasibility of expected requirements as
mentioned by our clients in the prior step. On that basis, our app developers get an
idea of what could be included and excluded from the technical perspective. And finally,
we move to the next phase which is the assembling part with a fully functional system.
03 Configuring the system
Our experts ensure each role's -operational interfaces are specified. Subsequently, we
create the application's in microservices architecture, blockchain nodes, and web and
mobile editions. We believe in building long-term relations with our clients by
providing prime service quality for every project and service we cater.
04 Progress and deployment
Here, we handle everything while sending you regular information on the deliverables'
status. We can move forward with large deployment after successfully testing the
solution and fixing any flaws in the pilot project. By integrating the blockchain into
the remaining supply chain controls, the customer deploys it.
Blockchain Technologies we use for Supply chain management
Our experts are fully certified and verified professionals with years of experience in blockchain
supply chain development technologies as follows-
Industrial sectors we cater
At SPEQTO Technologies we provide the best customized smart contract solutions for various sectors
of the industry which are as follows:
SPEQTO have all solution to your supply chain management issues. There are
many problems like- Lack of end-to-end visibility, inadequate supply chain risk management,
and domino effect due to the extended value chain, fluctuation in demand, and cost addition
by duplicacy these can be resolved by implementing blockchain in your supply chain
There are many blockchain technologies that may be used for the supply
chain management system but users of Azure blockchain services could build intelligent,
effective supply chains, lower fraud, and quickly validate transactions.
Blockchain data is spread throughout a network of interconnected computer systems, increasing
its security and decreasing the likelihood of unwanted data tampering. Blockchain keeps a
complete record of all previous network transactions, allowing users to follow the data in
Managing the supply chain can be extremely difficult for many businesses
and hinder other internal procedures. However Blockchain technology, offers the potential to
address severe flaws in chain traceability and surveillance. It improves efficiency in all
aspects of the movement of commodities.
The research findings show that the major barriers to the adoption of
blockchain in supply chain management are "collaboration issues" and "hesitation and
workforce obsolescence," while the primary hurdles are "lack of management vision" and
"cultural differences among supply chain partners".
Due to numerous tariffs and taxes, transportation costs in the supply chain
might occasionally become acute. Blockchain eliminates all middlemen, reducing this
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