This is the first time that blockchain is used for supplier management purposes in the logistics sector. In the future, the system and its related applications can potentially evolve into a platform widely shared and co-constructed by a broad range of logistics service providers enhancing the speed and service quality of the industry.
VeChain Foundation is a blockchain platform offering Blockchain-as-a-Service to enterprises. By leveraging on blockchain technology, VeChain Foundation continuously aims at optimizing and adding value to the scope and development of their VeChainThor platform. In order to create a platform with holistic capabilities, VeChain Foundation’s approach is to include the world’s best service providers, goods distributors and global experts into their platform’s ecosystem to ensure the integration of as much business processes as possible. The Blockchain’s power and flexibility allows companies to design tailor-made solutions helping to overcome their existing business challenges.