Obortech uses blockchain and IoT to build supply chain ecosystem
The COVID-19 pandemic has disrupted the global supply chain industry, exposing its vulnerabilities and inefficiencies. As a result, the industry is in dire need of technological solutions to improve transparency, security and efficiency. Blockchain technology has emerged as a potential solution to these problems, and OBORTECH is at the forefront of this transformation.
Investing in supply chain and logistics is referred to as “new money for an old industry.” With the supply chain industry in dire need of modernization, companies like OBORTECH are looking to make a difference.
OBORTECH uses blockchain and IoT to build a complete digital ecosystem that connects supply chain actors and eliminates technical inconsistency that blocks efficient data exchange.
Data sharing
Sharing data in the supply chain industry often requires manual, time-consuming and paper-based processes, leading to high transport costs in global trade and fresh food spoilage.
The lack of visibility reduces supply chain responsiveness, resulting in reduced long-term operational and cost efficiency.
These problems have been exacerbated by the global trade finance gap, which has reached $1.6 trillion. SMEs face the biggest hurdles due to the cost and complexity of banking regulations and navigating the trade finance process.
Building Smart Hubs
OBORTECH aims to build the Smart Hub, a decentralized and democratic digital ecosystem that favors all players in the supply chain regardless of their size and IT capacity. Smart Hub combines Blockchain and IoT to introduce unified communication, better tracking methods and more transparency in the logistics system.
Smart Hub includes a blockchain and cloud-powered communication hub and tamper-proof, unified and electronic document exchange.
OBORTECH’s Smart Hub is a game-changer for the supply chain industry. By leveraging blockchain and IoT, Smart Hub introduces transparency, security and efficiency in the supply chain.
With a decentralized and democratic digital ecosystem, OBORTECH ensures that all players in the supply chain benefit, including SMEs that face the biggest obstacles. OBORTECH’s Smart Hub is a clear example of how blockchain and IoT can transform traditional industries and bring about positive change.
Learn more about using $OBOT here.
Comparison with competitors
OBORTECH is a relatively new player in the blockchain-based supply chain industry, and as of February 7, 2023, it has a market capitalization of $1 million. Compared to its competitors, it is clear that OBORTECH has a long way to go to catch up.
VeChain, one of OBORTECH’s competitors, has a market cap of $1.7 billion, making it over 1,700 times larger than OBORTECH. Origin Trail, Dkargo and Morpheus Network, three other players in the industry, have market values of $93 million, $100 million and $109 million.
Did you know that OBORTECH’s main competitors have a market capitalization that is 93 to 109 times that of OBORTECH, respectively?
What sets OBORTECH apart from its competitors is the focus on building an all-in-one solution for democratic and digital collaboration that favors all players in the supply chain, regardless of size and IT capacity. See the competitor matrix analysis here.
Smart Hub, OBORTECH’s flagship product, combines Blockchain and IoT to introduce unified communication, better tracking methods and more transparency in the logistics system.
OBORTECH’s commitment to building a digital ecosystem accessible to all players in the supply chain is unique among its competitors, many of which focus on specific solutions for specific industries or businesses.
OBORTECH’s vision of a fully digital supply chain ecosystem accessible to all players, from large corporations to SMEs, is what stands out in a crowded market.
Recognition of efforts
Despite being a relatively new company in the supply chain industry, OBORTECH has already received eight awards and recognitions from major institutions and organizations.
Microsoft’s Century Program recognized OBORTECH as one of the six best out of 500 projects. The company was also among the nine leading startups in the PwC Scale program for sustainable production.
In addition, OBORTECH was named the winner of the Poland Award by MIT Enterprise CEE, which recognized the 22 best projects out of over 300. OBORTECH has also been recognized as one of the 20 best startups for the world’s largest event for the fruit industry.
The World Bank awarded OBORTECH the best project for the digitization of the livestock industry. OBORTECH was accepted for the Newchip accelerator, which recognized the top 10% from 1400 projects. The company was named Startups of the Year 2021 by Hackernoon and Company of the Year 2021 by Logistics TecH Outlook Magazine.
These recognitions demonstrate OBORTECH’s potential and promise as a company poised to make significant changes in the supply chain industry through its innovative solutions.
Links:
LinkedIn | Twitter | Telegram | YouTube | Website
Disclaimer
All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information contained on our website is strictly at their own risk.
