Finding the Real Problem
Too many certifications mean the current process is unreliable and highly vulnerable to intended and unintended errors. What if we made this data tamper proof and centralized? What if it can be "blockchain-ed"?
Enter Infosys Blockchain - via a Design Thinking-led assessment for use case identification. We brought in a distributed and permissioned ledger to build trust into the entire supply chain - right from producers, certifiers, insurers and shipping agents to importers. With Blockchain, the relevant stakeholders can track the journey of the products (origin, movement, use of material) across the supply chain and access information in near real time. Stakeholders can also accredit and certify certain properties of produce like organic or fair trade, enabling importers to determine that the produce is in compliance with sustainability standards and certifications.
- Higher acceptance rates of coffee beans, leading to smooth functioning across the ecosystem.
- Tamper-proof certification to reduce misinformation and fraud.
- Ready availability of detailed and trusted information about provenance to command higher premium.
- Reduced errors by reducing paper-based documentation.
- High security through gradual progression from a centralized data store to a distributed data store.
- Real-time visibility of the entire supply chain, leading to faster collection of sales proceeds.
- Real-time payments to coffee growers.