Blockchain technology is of interest to the manufacturing industry due to its benefits regarding verification and transparency within the distribution network.
When Chipotle had an E. coli outbreak in 2015, the food chain distribution network had serious trouble tracing the source of the bacteria through supplier’s distribution channel. As finding the source was incredibly difficult, Chipotle was unable to immediately stop the spread of contamination.
As another example, an automaker which releases a vehicle containing faulty parts resulting in costly recalls and repairs with antiquated data systems to trace the supplier of the faulty parts more efficiently, containing the issue in order to reduce time and labor costs.
The First Genesis BcPaaS™ radically change distribution supply chains, providing transparency, accountability, and technological efficiency. With our BcPaaS™ technology, industries can cut out the middleman, streamline processes, and improve security on the distribution channel as well as simplify data management and business intelligence.
The First Genesis BcPaaS™ architecture is capable of producing more than:
60,000 proofs per minute / 3,600,000 proofs per hour / 86,400,000 proofs per day
Without requiring the use of GPU farms or large clusters of Virtual Machines
or third-party proofing services!