The problem of the supply chain industry and Vanig solution
Supply chain have existed for a long while and yet it still have a lot of problems like the lack of transparency because the source and origin is hidden in data silos which most of the time is unreadable by normal person, long payment waiting periods, the cluster of middlemen cause the increased cost which shared by both suppliers and consumers, static and inefficent inventory management which is will need the IT systems to be redesigned and expensive retrofit solutions that are normally not affordable by participants in the chain. The Vanig company is founded in order to solve the problems above. 1.What is Vanig exactly ? Vanig is the world’s first integrated E-Commerce platform and Supply Chain ecosystem powered by the blockchain. The main objective of this project is to streamline the supply chain so that it is alignment with the fast e-commerce industry. Vanig proposes the use of HyperLedger’s Sawtooth Lake technology to combat the issues preventing users from a smooth exper...