Powered by Waves Technology. RELAY is your synergistic approach to blockchain utilization in the manufacturing industry.
Lots of companies have real problems with efficient ways to store information. and to validate this information. Some of those have to store pretty important information. We do not want this information to be manipulated in any way. I will describe a real-life example of a real problem RELAY can solve.
I’m an IT business development specialist working in the worldwide food sector. I’m working on solutions to make the supply chain transparent. There are some great projects working on blockchain solutions for supply chains, or verify the authenticity of products.
The problem:
Thousands of manufacturers are using their own ERP systems. The output of data is mostly different from all the other manufacturers. Clients and parties working with products of these manufacturers have to deal with all kinds of documents. It is next to impossible for them to use this data with the use of automated systems as it’s too hard reading all the ‘templates’. Most of the time the documents are not even based on a default template but the information looks completely randomized. For IT specialists like me, this is a problem.
My clients have to deal with very strict audits by food agencies. This is costly and takes a lot of time. A more standard way of using and storing information would be advisable. I think RELAY could solve this issue by providing a gateway to all these ERP systems. Relay could import and export data from several systems and store them onto the blockchain using a default method. This data could be used by a huge amount of clients.
The worldwide food market is HUGE. And without exceptions the manufacturing, shipment, import/export have to deal with a staggering amount of food and safety audits. RELAY could set the standard here. Using the power of blockchain it’s next to impossible to manipulate the data once it has been stored onto the blockchain. This will also improve the reliability of the data.
