Project Description
Track and Trace
PROVIDER
PROVIDER
OVERVIEW
In the supply chain industry, track and trace refers to the ability to identify the past and present locations of all product inventory, as well as a history of product custody. Track and trace requires following products through a complex journey from raw material, through multiple geographic regions for processing and manufacturing, through regulatory control, and finally, to retailers and consumers. Tracking provenance throughout this journey is crucial to ensuring product authenticity.
Track and trace is often a challenge for today’s supply chains due to outdated paper processes and disjointed data systems that slow down communication. The lack of data compatibility exposes supply chains to problems like visibility gaps, inaccurate supply and demand predictions, manual errors, counterfeiting, and compliance violations.
OVERVIEW
In the supply chain industry, track and trace refers to the ability to identify the past and present locations of all product inventory, as well as a history of product custody. Track and trace requires following products through a complex journey from raw material, through multiple geographic regions for processing and manufacturing, through regulatory control, and finally, to retailers and consumers. Tracking provenance throughout this journey is crucial to ensuring product authenticity.
Track and trace is often a challenge for today’s supply chains due to outdated paper processes and disjointed data systems that slow down communication. The lack of data compatibility exposes supply chains to problems like visibility gaps, inaccurate supply and demand predictions, manual errors, counterfeiting, and compliance violations.
HOW IT WORKS
Traditional Supply Chains
Supply Chains with Blockchain
HOW IT WORKS
HOW IT WORKS
Traditional Supply Chains
Supply Chains with Blockchain
USE CASE
HOW IT WORKS
USE CASE
FEATURE
Fully managed
With Amazon Managed Blockchain, you can quickly create blockchain networks that span multiple AWS accounts, enabling a group of members to execute transactions and share data without a central authority. Unlike self-hosting your blockchain infrastructure, Amazon Managed Blockchain eliminates the need for manually provisioning hardware, configuring software, and setting up networking and security components. With Managed Blockchain’s voting API, network participants can vote to add or remove members. Once a new member is added, Managed Blockchain lets that member launch and configure multiple blockchain peer nodes to process transaction requests and store a copy of the ledger. Managed Blockchain also monitors the network and automatically replaces poorly performing nodes.
Choice of Hyperledger Fabric or Ethereum
Amazon Managed Blockchain supports two popular blockchain frameworks, Hyperledger Fabric and Ethereum. Hyperledger Fabric is well-suited for applications that require stringent privacy and permission controls with a known set of members, for example, a financial application where certain trade-related data is only shared with select banks. Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important, for example, a customer loyalty blockchain network that allows any retailer in the network to independently verify a user’s activity across all members to redeem benefits. Alternatively, Ethereum can also be used for joining a public Ethereum blockchain network.
Scalable and Secure
Amazon Managed Blockchain can easily scale your blockchain network as the usage of applications on the network grows over time. When a network member requires additional capacity for creating and validating transactions, the member can quickly add a new peer node using Managed Blockchain’s APIs. Managed Blockchain provides a selection of instance types that comprise varying combinations of CPU and memory to give you the flexibility to choose the appropriate mix of resources for your workload. Additionally, Managed Blockchain secures your network’s certificates with AWS Key Management Service (KMS) technology, eliminating the need for you to set up your own secure key storage.
Reliability
Amazon Managed Blockchain improves the reliability of the “ordering service,” a component in the Hyperledger Fabric framework that ensures delivery of transactions across the blockchain network. Hyperledger Fabric’s default ordering service does not store a complete history of transactions, making it hard to keep track of and recover transaction history when needed. Managed Blockchain’s ordering service is built using Amazon QLDB technology and has an immutable change log that accurately maintains the complete history of all transactions in the blockchain network, ensuring that you durably save this data.
FEATURE
Fully managed
With Amazon Managed Blockchain, you can quickly create blockchain networks that span multiple AWS accounts, enabling a group of members to execute transactions and share data without a central authority. Unlike self-hosting your blockchain infrastructure, Amazon Managed Blockchain eliminates the need for manually provisioning hardware, configuring software, and setting up networking and security components. With Managed Blockchain’s voting API, network participants can vote to add or remove members. Once a new member is added, Managed Blockchain lets that member launch and configure multiple blockchain peer nodes to process transaction requests and store a copy of the ledger. Managed Blockchain also monitors the network and automatically replaces poorly performing nodes.
Choice of Hyperledger Fabric or Ethereum
Amazon Managed Blockchain supports two popular blockchain frameworks, Hyperledger Fabric and Ethereum. Hyperledger Fabric is well-suited for applications that require stringent privacy and permission controls with a known set of members, for example, a financial application where certain trade-related data is only shared with select banks. Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important, for example, a customer loyalty blockchain network that allows any retailer in the network to independently verify a user’s activity across all members to redeem benefits. Alternatively, Ethereum can also be used for joining a public Ethereum blockchain network.
Scalable and Secure
Amazon Managed Blockchain can easily scale your blockchain network as the usage of applications on the network grows over time. When a network member requires additional capacity for creating and validating transactions, the member can quickly add a new peer node using Managed Blockchain’s APIs. Managed Blockchain provides a selection of instance types that comprise varying combinations of CPU and memory to give you the flexibility to choose the appropriate mix of resources for your workload. Additionally, Managed Blockchain secures your network’s certificates with AWS Key Management Service (KMS) technology, eliminating the need for you to set up your own secure key storage.
Reliability
Amazon Managed Blockchain improves the reliability of the “ordering service,” a component in the Hyperledger Fabric framework that ensures delivery of transactions across the blockchain network. Hyperledger Fabric’s default ordering service does not store a complete history of transactions, making it hard to keep track of and recover transaction history when needed. Managed Blockchain’s ordering service is built using Amazon QLDB technology and has an immutable change log that accurately maintains the complete history of all transactions in the blockchain network, ensuring that you durably save this data.
CONTACT
| M42 provide a brief introduction on the 3rd party blockchain applications. For the details regard to the appliation please contact particular provider. Alternatively, you may need to provide authorisation to M42 for contacting on behalf of you. Please reach out for more information. |
CONTACT
CONTACT
| M42 provide a brief introduction on the 3rd party blockchain applications. For the details regard to the appliation please contact particular provider. Alternatively, you may need to provide authorisation to M42 for contacting on behalf of you. Please reach out for more information. |