Profiling the Elevatyr Core 12: How ARK Can Transform Supply Chains
The manufacturing and supply chain process has been subject to far-reaching changes and developments over the past two decades, as new technologies have enabled industries to improve efficiency in production and logistics. Operations that were once labor-intensive have become automated, and diverse industries, such as textiles, automotives, and pharmaceuticals have embraced geofencing, RFID, and IOT to drive core procedures at a diminished cost and in a fraction of the time.
Although great strides have been made in certain segments of these businesses, challenges still exist in other areas of operations, such as with inventory management or fraud prevention. Many industry leaders have been successful in implementing generally accepted technology into their key systems, however, other, less adopted technologies, specifically blockchain, offer immense opportunity to push achieved efficiency even further.
While most people — and companies for that matter — have heard of bitcoin, the past few years have seen an explosion in new, better ways to utilize blockchain technology, often by adding powerful functional additions to the foundation bitcoin set forth. One particularly exciting example is Ark, a new type of cryptocurrency and platform designed to allow people to create and manage interconnected blockchains, easier than ever before.
The ARK team team designed their platform to support a powerful process they have termed, “Push Button Deployable Blockchains.” As the name implies, the platforms allows users to clone the Ark foundation blockchain to then be used for targeted purposes. These personalized blockchains are supported by Ark’s main chain to keep the network connected within the core system. The goal of Push Button Deployable Blockchains was described by one of the co-founders as, “creating the core experience and modular ecosystem that does for blockchain what Wordpress has done for websites and blogging.”
For the first time since the inception of blockchain, manufacturers have the ability to seamlessly deploy unique blockchains to support or replace their existing key processes. Instead of tracking the lifecycle of a product from raw goods to end user, via multiple, often incompatible systems, these producers can instead create a unique blockchain for each SKU and track the process through the blockchain from beginning to end. Due to blockchain’s inherent immutability, the system dramatically reduces opportunities for bad actors to commit fraud, or for products to be lost to spillage during the supply chain.
Although blockchain was originally intended as a means for individuals to transact between one another, absent and 3rd-party mediator, developments in the technology are now making it a natural choice for businesses looking to improve weaknesses in their existing systems. The time spent running day to day operations, handling logistics, and working on driving sales, can be used more efficiently by properly applying blockchain to these challenges, especially via Ark’s user friendly platform.
To further support such development, Ark has ingrained security measures throughout the platform, and the team continues to actively work towards further improving protections for its users. The Ark Anonymous Network integration allows users to experience optional privacy when data is sent through the entire Ark platform. This leads us to another significant advantage in that the data held within a blockchain can be used to create and maintain a shared and continually-reconciled database.
With the forthcoming release of Ark Core V2, which will drastically reduce the platform cost to end-users, Ark is a compelling solution to any person or organization that can benefit from user-friendly blockchain-supported systems.
Ark can be traded on select cryptocurrency exchanges, and will be available for trading via Elevatyr, which will be entering an early access period in July. Visit https://www.elevatyr.io/ to sign up for the closed beta waitlist, and to learn more about how Elevatyr is the simplest way to intelligently trade cryptocurrencies.
For those interested in learning more about Ark, you may visit Ark’s website at https://ark.io/
Disclosure: This article does not represent an endorsement of the Ark cryptocurrency as an investment, and is for informational purposes only. Trading decisions should be made on an individual basis, and be informed by independent research. Elevatyr makes no recommendation as to trading behavior that should or should not be taken. The author of this article owns a small stake of Ark cryptocurrency.
