Business Benefits

The Benefits

Blocksyte provides a comprehensive list of benefits as seen below.

Enable new business processes and is a higher level of integration with automated processes and functions through smart contracts (works on an ‘if/ then’ basis like a traditional legal contract, but have the advantage of automatically executing based on the agreed conditions in the smart contract).
With the addition of IoT (our hardware solutions), an infrastructure that can be tracked and scale securely on a supply chain and trade with a more trust worthy and transparent supply chain. An “internet of trust” that removes reliance on a third party to establish trust and passes that responsibility to a group of peers.
Blocksyte’s automated tracking platform connects managed devices as part of the IoT (Internet of Things). The combined infrastructure then facilitates tracking supply chain trade securely, removing reliance on third parties.

Ensures perishables with a shorter-than-expected shelf life will not be accepted
Ensures perishables are not subject to conditions in transit that could cause spoilage or sickness to consumers
Ensures contractual parameters for orders arriving on time
Ensures the quality end-customers expect and ordered
Ensures that payments are made when contractual obligations have been met and approved

If shipping electronics; be notified if any part of your order incurred any damage due to accidents or a drop.
Blocksyte trains and certifies its customers/suppliers to be compliant with different client blockchain systems with one solution that interfaces to other major Enterprise blockchain networks.
Your purhase orders become smart contracts and are electronically matched to shipping, packing documents and invocies from all of your vendors.
Blocksyte provides you with the necessary information to decide if the quality of a shipment meets agreed contractual parameters and our smart-agreements will inform, the seller, drivers and recipients, if the product will be accepted (no guesswork or appraising at the shipping door).

Small suppliers conforming to blockchain have a big brand/PR value and enhancing loyalty

Your vendors that comply have the option to market their compliance to new clients, thus strengthening their competence in supplying you in the future.

You and your vendors will immediately have the capability to manage documents electronically with easy access to relevant files & documents as they are needed.

No need to depend on file drawers of files full of paper documents
Every document is avialable to all parties authorized to view or authorized to edit.
Once uploaded documents can no longer be edited or changed. There is a permanent audit record of the document. If a mistake is made we can create a new block to replace the document in error but the original document is always available as part of an audit. In the case of a new document the original parties would have to authorize the newly added document.
These features result in more efficiencies and business intelligence for all participating partners.