Blockchain Supply Chain Development Company: Record Every Move At Every Mile

By Suffescom Solutions

October 18, 2022

Ready to build a flexible, c lear, and trustworthy blockchain-based supply chain system for your business? If yes, it's worth reading a blog for you. 

Blockchain supply chains have the potential to fix issues quickly while maintaining a steady relationship with customers. You can also leverage the enhanced transparency, scalability, security, and other features that transform your supply chain ecosystem. Blockchain solutions add new values to the supply chain regarding lack of interoperability and inconsistent data. 

Planning to develop a blockchain supply chain system with experts? Suffescom Solutions is a perfect choice for all your needs. From blockchain consulting to platform designing, developing, and testing, we have everything under one roof. We have a 750+ blockchain dedicated team to deliver every industry and every technology solution. We have already developed 50+ blockchain-based projects such as NFT marketplaces, customized cryptocurrency wallets, play-to-earn, and more. 

Find your reason for choosing a blockchain supply chain for your business. 

  • Do you want a Live Tracking system on your platform?
  • Are you looking for an Enriched Trading experience?
  • Are you fed up with slow Speed supply Processing?
  • What’s your business aim? Enhanced Traceability or else?
  • Are you looking for a Huge Return On Investment?
  • Do you want to build a Healthy Relationship With Consumers? 

If these are your business concerns, then the blockchain supply chain system is a fantastic example for you. 

  • Blockchain-based supply chain global market reached $253 million in 2020.
  • In 2026, it is expected to reach $3.272 million by 2026 at a CAGR of 53.2%
  • In terms of revenue, the global blockchain technology market size was valued at around USD 3.3 billion in 2021 and is projected to reach USD 60 billion by 2028.
  • Today, small & medium enterprises and large enterprises are leading the largest market segments. 

Perks Of Choosing Blockchain For Supply Chain

Secure Interactions

Shipment tracking is one of the major concerns for delivery companies or delivery channels. Everyone wants a safe and reliable source that has the fastest delivery. Blockchain in the supply chain provides permission access rights to specific individuals only and helps to secure the whole transaction. 

Fair Trading

Blockchain technology verifies the end-to-end transaction. Everything is recorded in a blockchain that is hard to counterfeit from the point of origin to material, manufacturing, and more. Hence, it leads to ethical trade with the protection of human rights. 

Resilient Supply Chain

Supply chains are restricted by one-up visibility. However, the blockchain supply chain offers a single and shared version of the truth and provides visibility at every step. 

Improved customer-retailer relationship

The customer is a King. Improving business relationships with customers boosts business reputations. Protecting customer data from cybercriminals is one of the major concerns for every business. For this, blockchain technology in the supply chain helps to deal smoothly. 

Improved inventory management

Whether you are choosing public or private blockchain technology, both help you to win over inventory management scenarios. One can quickly find goods in stock, in transit, and with users at one tap. 

Eliminate Manual Errors And Frauds

When data or records are entered by humans, it boosts the chances of fraud and errors at the time of delivery. Whereas when data is managed digitally with smart contracts, those risks can be minimized easily. 

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Blockchain Development Solutions for Various Supply Chain

  • Blockchain In Manufacturing Supply Chain

We design and develop blockchain-based supply chains for manufacturing industries that facilitate details during the transfer and transformation from raw material to finished products. 

  • Blockchain In Logistic Supply Chain

Under the logistic supply chain, we ensure secure data protection from storage to shipment of goods and services while maintaining good efficiency during transit. 

  • Blockchain In Food Supply Chain

To ensure food quality and safe delivery, we ensure the right people should be employed to deliver food. It avoids food-borne diseases and contamination etc. 

  • Blockchain In Agriculture Supply Chain

Our trustworthy blockchain-powered supply chain system ensures a possible way to track the time of production to delivery that generates trust between different players and keeps them updated on the crop status. 

  • Blockchain In Pharmaceuticals Supply Chain

It ensures a safe and reliable system through which prescription medicines are manufactured and delivered to patients. 

 Industries We Focus

We focus on various industries, from startups to enterprise grades. Check out our list and find your industry. If you found your company is not listed here, contact our business experts;

  • Health Care
  • Food 
  • Retail 
  • Manufacturing 
  • Agriculture 
  • Ecommerce 
  • Automotive 
  • Energy 

Key Features of our Blockchain Supply Chain Solution

Automated Recordkeeping

All transactions between supply chain participants have connected automatically to a distributed ledger that helps to manage ERPs and IoT systems records effectively. 

Supply Chain Tracking And Tracing

Our designed distributed ledger system enables quick tracking of orders, payments, goods in transportation, manufacturing workflow, and other details on a real-time basis.

Smart Contract-Enabled Automation

The smart contract enables rules-based transactions, i.e., users can enforce particular transactions based on predefined conditions only. Otherwise, the system won’t process any transaction, from making payments to checking goods in transportation. 

Supplier Data Verification

Blockchain has the capabilities to identify suppliers' data and verify trusted parties such as credit rating agencies. Also, it provides an immutable audit trail experience for information updates. 

Supply Chain Objects Registration

Blockchain enables seamless tracking of information and products while in transit. It involves batch onboarding of products, locations, and other documentation according to GS1 Standards that help to maintain records. 

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Full Audit Trail For Supply Chain Documents

Blockchain records every piece of product documentation, such as purchase orders, sale orders, invoice bills, product certificates, product control reports, and more, with essential documentation. 

 Hashing And Timestamping

Blockchain automatically generates a hash value using a unique cryptographic identifier. If the chain data in one block changes, the hash value of the rest of things also gets changed and making the data tamper-proof. 

Transaction e-signing

E-signing feature of the transactions with unique digital signature submit smart contract transactions and prove its ownership.

Security

Data in blockchain technology is affected by authentication, data encryption, fraud detection, algorithm, and permission-based control. 

Our Custom Blockchain Supply Chain Development Services Includes 

Our experts have proven experience to leverage the mix of blockchain technology, AI, IoT, and machine learning that helps every enterprise. Our system introduces transparency, reliability, and trust to every transaction & participant. 

Audit

We introduce a logistic process system that helps to find reasons, actions, and reactions in your system. 

Define Touchpoints

We aim to touch every segment of your business that helps you to flourish and sets benchmarks in existing infrastructure. 

In-depth technical evaluation

Before delivering a project, our experts conduct an in-depth technical evaluation of your system by accessing different supply chain information nodes. 

Blockchain Setup

We ensure a complete set of mechanisms that govern users' permission to view and write information and conduct transactions in blockchain technology. 

Device Programming

As the key players of the Supply chain management system are devices, therefore we build an effective tracking and tracing system for clients. 

Serialization

We ensure every transaction recorded in the system involves non-sequential, non-repeatable, and bears a unique identity for effective tracking. 

Ensuring The Fast Speed

Using multiple blockchain networking, we ensure the fastest transaction speed on your system. 

Organizing The Identification Process

 We include QR Codes, 2D barcodes, and NFC or RFID systems for quick process identification. 

Scalability

Our blockchain developers make sure proper cloud infrastructure should be set up for smooth functioning. 

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Blockchain Supply Chain Development Process

We follow a simple and straightforward blockchain supply chain management development process. Check out with us;

  • Defining The Use Case

We begin by formulating a use case with a detailed description - of your business purpose and aim to develop a solution. Then we decide on technical requirements and scope of work. We solely focus on improving your business performance 

  • Identifying Roles And Responsibilities

We access every user's roles and responsibilities to the project. Then we assign their position and level of access to the system. 

  • Designing the system

We design the working interface of each person or user. Then we look after microservices, blockchain nodes, and web & mobile versions. 

  • Development and Deployment

We carry out work-in-progress while carrying out all the updates and deliverables. Our testing team also conducts bugs, performance, and another testing before the major deployment. 

Technology and Tools We Use for Blockchain Supply Chain Management Solution Development

Technology Stack

  • Ethereum/Solidity
  • NodeJS
  • Golang
  • Hyperledger Fabric
  • ReactJS
  • Angular
  • Binance Smart Chain

Compliances and Industry Standards

  • ST-20
  • ERC-20
  • ERC-721
  • AML
  • KYC
  • GDPR
  • PSI DSS
  • PSD2

Costing for Blockchain Supply Chain Development 

The cost of developing blockchain-based supply chain management software solution greatly depends on;

  • Type of blockchain network used such as private, consortium, or hybrid.
  • The complexity of solution functionalities and smart contracts.
  • Number of mobile and web application solutions requires and their level of complexities such as (e.g., suppliers, manufacturers, retailers, consumers)
  • Blockchain supply chain solution performance, scalability, and security requirements. 
  • Blockchain-to-blockchain interoperability capabilities.
  • Deliverable including PoC, MVP, a full-scale solution 

From our experience, the Blockchain Supply Chain Development cost will be around $70,000–$140,000. With the add-on features and private networks, it will be $400,000–$1,500,000+ in investments.

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Why is Suffescom Solutions a Blockchain Supply Chain Development Company?

When it's about timing, a customized blockchain supply chain management software can take 12-15 months, depending on your business requirements. 

Here we have some reasons supporting why industry leaders consider us a top Blockchain Supply Chain Development Company. 

  • Top Blockchain Consulting Company

Suffescom solution was selected as a top blockchain platform development company by Clutch, GoodFirms, Hackernoon, and more industry experts. 

  • Partnership with world-class companies

Our blockchain expertise is proven by our clients' portfolios, including Universal, The Mario Blockchain, My Rare Collections, and more that trust our services. 

  •  50+ blockchain projects delivered

With a team of 750 global employees, we have delivered 50+ blockchain-based projects. You can check out our case studies to know more about us and our working style. 

  • Supply chain tech gurus

We build a comprehensive network with complex GPS, LPWAN, RFID, and other transmitting devices to form a high-speed supply chain system. 

  • Solution for every sector/industry 

We have the expertise to craft solutions for every sector and industry, such as startups, NGOs, Govt organizations, and Mid Scale enterprises. 

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