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BLOCNETS Digitizes Today's Extended Supply Chains with Launch of RATIOBLOCNETS, Inc., the intelligent supply chain on the blockchain, today announced RATIO, blockchain-as-a-service that enables companies to obtain the management line of sight, security and productivity they need to dramatically improve performance across the extended supply chain. The first fully developed blockchain-for-supply-chains solution on the market, RATIO integrates SAP's (News - Alert) Leonardo services (SAP's Hyperledger technology with the Internet of Things, machine learning and data analytics) into a secure cloud platform for commercial use. Using RATIO, network originators can affordably connect their extended supply chains down to the smallest suppliers, obtaining the visibility and high-quality data needed to improve their performance. At the same time, small- and medium-sized suppliers can substantially enhance inventory efficiency, meeting order requests faster and shortening their cash-to-cash cycle. "RATIO is a true peer-to-peer network that's enabling all participants in extended supply chains to benefit from the integration and reduce the cost of daily operations," said Robert Betts, CEO of BLOCNETS. "By implementing RATIO, companies of all sizes obtain a more trusted, efficient and transparent supply chain that reduces the time delays and human error that plague today's trading partners." Bringing blockchain to the supply chain Named for its emphasis on the correlative relationships that are the key to a well-functioning supply chain, RATIO is built on the open source Hyperledger Fabric technology implemented by SAP, IBM (News - Alert) and AWS. (This current version is built on the SAP platform, with future versions for IBM and AWS slated for later this year.) Using RATIO, companies throughout the supply chain encode each transaction into a block of digital data as the parties agree to the details. Each block is connected to the one before it and after it, ceating a permanent and immutable history of every product from origin to sale. With a shared record, reconciling disparate ledgers becomes a thing of the past. Information is shared across a private network on a need-to-know basis, and transactions are permanently recorded without the risk of anyone deleting or altering any information. Solving today's supply chain problems RATIO economically integrates participants across the extended supply chain at both the operational and data levels. By implementing this blockchain-as-a-service, companies of all sizes can:
RATIO is currently available as a 60-day free trial. For more information or to start a project, please visit www.blocnets.com. About BLOCNETS, Inc. Founded in 2018, BLOCNETS is committed to bringing the power of blockchain technologies to supply chains around the world. The company's proven solutions deliver a true peer-to-peer network that uses secured distributed ledger technologies to integrate all companies in the extended supply chain, from the smallest businesses to Fortune 500 enterprises. BLOCNETS products are built on the Hyperledger Fabric blockchain technologies of SAP, AWS and IBM, and are integrated with IoT messaging and sensors, machine learning tools, and data analytics-all delivered from a secured cloud platform. Using BLOCNETS products, organizations of all sizes can achieve unprecedented levels of transparency, security and accountability across their extended supply chains, revolutionizing their business performance. View source version on businesswire.com: https://www.businesswire.com/news/home/20190214005222/en/ |