Supply chains are made up of various stakeholders and face many inefficiencies mainly as a result of asymmtery of information, low visibility and lack of a scalable solution.
Blockchain is a potential solution to these challenges, allowing for information to be shared in a trusted, private and scalable manner. This includes creating trusted transaction systems, smart contract for transfer of value and ultimately, creating trust in ‘trustless’ supply chain networks.
Blockchain for Sustainability and Financial Inclusion
Our mission is to build solutions that serve the underserved, and with the broader sustainability and financial inclusion goals in mind. Today, 2 billion people in the underdeveloped and emerging countries lack access to finance and minimum living standards. We believe in the power of blockchain and technological innovations to democratize this power and to improve the lives of the unbanked and underserved.LASIC Article | E27 Article
Identity and KYC
Smart contract for payments and financing
Provenance and traceability
JED’s Blockchain POC
The POC demonstrates our thought process in how a blockchain system can be designed for an invoice-based proposition, and how data can still be segregated and private on a “shared” platform.
It aims to establish the following: (i) Immutable audit trail to keep accurate records of trade and finance interactions; (ii) Traceable invoice milestones retrievable for data verification; and (iii)Invoice status verification by partner lenders added as validating nodes to a distributed ledger network