VChained By Votan Ventures uses Tezos Blockchain to create the world’s first open source supply chain management solution
Votan Ventures
Votan Ventures established in 2020 has successfully supported over 20+ organizations in building a blockchain product from scratch or migrating their existing solutions to Blockchain, Enterprise solutions are Votan Ventures’ strength.
Using this experience, VChained has been designed to make it a market-fit solution for supply chain management in any industry, be it healthcare, cosmetics, food and beverage, automotive or others.
As an early stage startup, Votan Ventures received grant funding from Tezos by winning the Microsoft Century program.
VChained
Aiming to build consumer trust, VChained leverages the power of blockchain to enable complete transparency throughout the product lifecycle.
Consumers will now be able to verify the authenticity of the process and standards followed in manufacturing and standardization by simply scanning a QR code with any application.
Traceability brings in trust and confidence in consumers which further leads to brand loyalty and growth.
The VChained dashboard and SDK are available for FREE, where you can experiment with the features on Tezo’s testnet.
While the enterprise model allows you to host your own private network on the Tezos blockchain, ensuring total data protection.
Using VChained’s open source SDK for supply chain management on Blockchain you can build your own backend or follow the API documentation to integrate directly with your existing platform, making migration a piece of cake, so you never have to build from scratch again and are free to use the user interface of your choice.
Tezos use
After careful consideration of all the blockchains available today, Votan Ventures decided not to go for Hyperledger Fabric-like copies that mimic the functionality of public blockchains and are used by the majority of competitors in the market, making it just another database , ineffective to solve any actual problem.
Instead, Votan Ventures went along Tezos – a hybrid blockchain that allows both public and private networks and uses Liquid Proof Of Stake (LPoS) to verify the transactions bridging supply chain management, planning and execution.
This means that transactions are recorded on the blockchain and verified by network nodes. Smart contracts allow business logic to be automated and make them more efficient.
It also provides the flexibility to launch your own products as NFTs with just a click of a button, making VChained the only solution that can solve all your supply chain challenges, thus providing a competitive edge over the existing solutions.
Rachit Gaur, CTO of Votan Ventures went on to state that:
“VChained is designed to help companies better manage their supply chains. It provides visibility into the entire process, allowing them to see what’s happening at each step by using smart contracts to automate processes and reduce costs.
We plan to go live with more features in the upcoming releases such as an NFT marketplace to offset your carbon footprints, thus helping you achieve sustainability goals, and a plug-and-play decentralized marketplace that allows you to launch your own marketplace and NFTs directly from the application itself enable buyers and sellers to trade with each other”.
