Supply Chain Solutions On Amazon Managed Blockchain: Aviation & Aerospace Telecom Healthcare
Supply Chain Solutions On Amazon Managed Blockchain: Aviation & Aerospace Telecom Healthcare
Supply Chain Solutions On Amazon Managed Blockchain: Aviation & Aerospace Telecom Healthcare
The supply chain is an industry where several global leaders play together in a different role and dispatch goods to consumers.
Typically, traditional supply chains use paper-based and rambling data systems that lead to information silos with the additional
time-consuming task of tracing the goods. Lack of transparency and traceability of goods are major challenges faced by all the
leading industries resulting in delays, errors, and increased operational costs. Modern supply chains need a single source of trust,
to verify different types of transactions in an end-to-end supply chain ecosystem
Amazon Managed Blockchain(AMB) can help businesses to implement blockchain in their end-to-end supply chain ecosystem, by
enhancing transparency, and with real-time tracking and tracing of goods from one stakeholder to another. Each stakeholder can be
a member of this distributed and decentralized ledger with real-time tracking of all information related to the movement of goods
from source with a timestamp, entry and exit details at the port, to the volume of goods received at the destination
Key Benefits
• Single source of trust, thereby resolving the issue of accountability and transparency
• Improved supply chain efficiency by providing dashboard access to vendors
• Real-time availability of assets and easy reverse logistics in case of returns
• Reduction in man-hours spent on tasks like retrieving data and matching documents
• Ability to identify fraudulent assets introduced across supply chain
Typical Amazon Managed Blockchain Architecture