When an Asset is brought under blockchain network, it becomes unique digital property and a transfer of it is guaranteed to be safe, immutable and secure. Everyone knows the transfer has taken place, as the data is replicated at various parties (nodes) but the contents of the transaction could be only viewed by the intended receiver.
There will be only one single source of truth in the network. Asset Provenance i.e. traces an asset back to its manufacturer or creator thereby giving you insights about the origin of the asset.
Some of the areas our solution fits
- Supply Chain: Recording an asset’s origin and subsequent transfers.
- Land Transfers / Entitlements
- Vehicle Registers and transfers
- Accreditation services (Certifications…..etc)
This application would be apt for the manufacturers, producers, retailers, dealers, service centers, insurers, customers…..etc.