Papros Offers Pegged Sidechain for Supply Chain Contract Instruments
San Jose, CA (PRWEB) March 07, 2016 -- Green leader Papros Inc, announced that it is offering pegged sidechain technology for any and all supply chain contract instruments. This technology supports distributed ledgers, distributed databases and distributed organisational governance all rolled into one point.
There has been a need for this technology in the supply chain due to many contracts and instruments. For example, in the case of product content material declarations, intermediate suppliers may pass on manufacturers' material declarations to downstream customers. In such situations, and many other similar and not so similar situations, distributed ledgers that can be checked by commonly accessible technology are very useful. The underlying data using different distributed structures are also supported in such situations, as is distributed governance.
In a supply chain context, especially as it pertains to sustainability, economic factors often dictate that merkle chains and their hash structures are not all on the financial blockchain. However, using a combination of pegging, as well as recorded and stored hashes, it has been possible to use sidechain technology to supported distributed ledgers in very economic fashion. Pegging allows for authentication when needed to other hash structures.
In the context of supply chain compliance requirements, this enables suppliers and customers to be able to check their entire supply chain in a highly customized manner for compliance and other information. The degree of customization is dictated by the governance of that particular entity or entities who are stakeholders of the contract or instrument supported by the sidechain.
Papros offers all of the variabilities including advanced XML rollups, searches and all needed reports, and also advanced BOM based rollups and searches for substances, materials and products.
The Chief of Papros Inc, Dr. Nagaraj said this about the development, “Distributed data is good only as far as its source and geneology are authenticable and secure. We having been at the cutting edge of offering this level of authentication using multilevel authenticable cryptographic signatures to product material declarations. Now, once again we are happy to offer the most advanced capability to the supply chain. This is about contracts and instruments that will be proven transparently, as it will be pegged to other merkle chains and blockchains”.
About Papros Inc: Papros Inc. has been committed to providing Total Environmental Management solutions to US and International companies. “Optimizing the Greenback and the Green Environment” has been the slogan of Papros Inc. since its inception almost twenty nine years ago. Based in San Jose, California, Papros Inc.’s solutions span the entire spectrum of Environmental Management, featuring tools to enable corporations worldwide to deploy and manage product environmental lifecycle data in a manner that is efficient, easy-to-use and economical. Papros aims to proactively support the infrastructure needed for manufacturing and for rapid changes in product design.
"Jacky" Sundaram, Papros Inc., http://www.papros.com, +1 (408) 279-4271, [email protected]
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