Blockchain in Retail help us to create trust from source to consumer.
Trust and collaboration across the global supply chain with real-time, universal visibility into the products and processes.
Nowadays, in the retail industry, customers are concerned about the
- Real-time information.
- On-time delivery.
- Record time service.
- Product Quality.
Today’s consumers want it all. But lack of true supply chain visibility continues to cost their loyalty.
But imagine if you could earn and keep customer loyalty – not because you asked to be trusted, but because you can prove you’ve delivered on your promises. Quality, reliability, authenticity and product safety can be better assured. Supply chain partners can know for certain where products are in seconds. And an always-up-to-date performance history would be the basis for your reputation and everyone else’s in your retail network. That’s the new retail reality with Blockchain.
The Blockchain technology has the potential to revolutionize the retail supply chains by managing the supply data, autonomous transactions and chain-of-custody information. The Blockchain enabled system can help build trust among the retail supply chain stakeholders.
Consumers Shopper confidence increases in aisles and online as blockchain verifies the authenticity and safety of the products and goods.
Suppliers Retail supply chain participants can better ensure they’re trading in ethically-sourced goods to meet emerging consumer demands.
Retailers From big names to small town businesses, retailers can promote products, earn loyalty and gain insights into consumer preferences in entirely new ways.