HashCash’s HC Net can empower enterprises, by bringing all of their crucial supply chain operations on a single distributed platform, devoid of any intermediaries, and powered by cryptographic security and enhanced traceability.
PALO ALTO, Calif. (PRWEB) December 08, 2020
Global blockchain development company HashCash Consultants is extending its technological expertise to a leading Saudi manufacturer. They will help the latter in streamlining their supply chain of electronic products across multiple geographies by integrating the existing infrastructure with HC Net (HashCash’s blockchain network). The project intends to bring transparency, accuracy, and traceability into the system, and to prevent any scope of counterfeits infiltrating the supply chain.
Speaking to the media about the project, Raj Chowdhury, CEO of HashCash Consultants, commented, “The manufacturing sector needs a smart and secured supply chain that can operate transparently, cost-effectively, while maintaining timeliness and enabling the key players to trace each step of the product movement within the supply chain. HashCash’s HC Net can empower enterprises, by bringing all of their crucial supply chain operations on a single distributed platform, devoid of any intermediaries, and powered by cryptographic security and enhanced traceability. While the supply chain participants can access every information and trace the transactions, the immutability ensures that no alteration can be made without a consensus. It’s a highly secure futuristic supply chain management infrastructure that we intend to provide our partner enterprise with.”
HC Net integration with the existing system of the manufacturing enterprise will also uphold the authenticity and sustainability of the process of sourcing materials for manufacturing and trace the same on the network. The blockchain-powered supply chain will draw a complete map from sourcing and manufacture to distribution, without any blind spots, minimizing all chances of product counterfeiting.
HashCash has a track record of working on several similar projects, notably the blockchain-based PPE supply chain management for a manufacturer in the US. The leading blockchain development company uses its DLT network HC Net to build the futuristic architecture of a transparent and distributed supply chain protocol. All of the key players that are involved in manufacturing and distribution become participants within the network. The reformed system allows them to track the products in real-time, owing to the transparency and traceability of blockchain. It streamlines the entire process, making it simple, cost-effective, less time consuming, and secure.
About HashCash Consultants:
HashCash is a global software company offering solutions in Blockchain, AI, Big Data and IoT through its platforms, products & services. HashCash Blockchain products enable enterprises to move assets across borders in real-time for Remittances, Trade Finance, Payment Processing and more. HashCash runs US-based digital asset exchange, PayBito & Digital asset payment processor, BillBitcoins. HashCash offers white label crypto exchange solutions, Payment processor software, ICO services and customized Blockchain use case development. It propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.