Develop a blockchain-based platform to enhance supply chain transparency and traceability in the Steel & Metals industry. This project aims to leverage blockchain technology to ensure the authenticity and ethical sourcing of materials, thus building trust with stakeholders.
Steel & Metals industry stakeholders including manufacturers, suppliers, regulatory bodies, and end customers who demand ethical sourcing and transparency.
The Steel & Metals industry requires improved transparency and traceability to ensure ethical sourcing and regulatory compliance. Current methods are inadequate in providing the necessary visibility across complex supply chains.
Regulatory pressure and the need for competitive advantage drive stakeholders to invest in solutions that promise transparency and compliance with ethical sourcing norms, ensuring long-term sustainability.
Failure to address these issues could lead to regulatory fines, loss of stakeholder trust, and a competitive disadvantage due to non-compliance with evolving industry standards.
Current alternatives include manual documentation processes and traditional ERP systems that lack real-time updates and transparency. Competitors are exploring similar blockchain applications but with varying levels of integration and success.
Our platform's unique selling proposition lies in its comprehensive integration with existing ERP systems, provision of DeFi trade finance solutions, and the use of smart contracts to automate compliance checks.
The go-to-market strategy involves strategic partnerships with leading industry players, demonstration of pilot projects, and leveraging industry conferences and networks to showcase the platform's capabilities and benefits to potential customers.