Roma, Italy–(Newsfile Corp. – August 17, 2022) – Enosi SpA is proudly announcing its new blockchain division aiming to track dates, prices, and certifications to more effectively manage the supply chain. The availability of this information as part of the blockchain can reduce losses due to counterfeiting and gray market (particularly in avoiding frauds for high-value goods such as pharmaceuticals and diamonds), increase the traceability of the raw supply chain, improve the visibility and compliance of outsourced contract manufacturing, and as Enosi SpA CEO Angelo Strazzella says, “Enhance the investing organization’s position as a leader in responsible manufacturing.”
Additionally, companies can exert greater control over outsourced contracts. Blockchain allows all parties in the supply chain to access the same information, thus reducing data transfer or communication errors. All the time saved in data validation can be used to improve the delivery of goods and services, not to mention quality.
Real use cases
Enosi SpA Blockchain’s division can provide more transparent and accurate end-to-end traceability in the supply chain: Organizations can digitize physical assets and create a decentralized immutable record of all transactions, making it possible to track assets from production to delivery or end-user use. This increased supply chain transparency provides greater visibility for both businesses and consumers.
Finally, Angelo Strazzella with Enosi SpA can simplify administrative processes and cut costs by providing effective verification of supply chain data. Procedures involving manual checks for conformity or credit purposes, which can currently take weeks, can be expedited through a distributed record of all relevant information.
The latest Enosi analysis shows that the freight market is costly and difficult today. The stakeholder obligations for transaction compliance and direct or indirect fraud are not governed by any significant implications or rules.
This market is also complicated, which usually leads to unpredictable fluctuations in freight costs in the absence of significant changes in market circumstances.
Enosi develops smart contracts and blockchain technology that can be used to establish a competitive marketplace where businesses can quickly and transparently engage freight carriers.
The level of commitment of businesses will also rise because all contract conditions will be pre-written in smart contracts, meaning that changes will happen automatically and without the need for lengthy talks.
Blockchain enhances transparency such as a decrease in the level of credible information’s dependability, which is a direct result of the sector’s lack of openness, which is a major issue in supply chains.
It lessens the possibility of documentation errors like incorrectly interpreting the delivery window. Achieving micro-level delivery process control through transparency will help to cut down on theft and inefficiencies.
The technology that…
