With the Foundational Capabilities For Building Trusted Digital Supply Chains
Welcome to the Trust economy! Trust is driving a relationship renaissance across industries, re-humanising our mostly transactional global economy. Transparency across multiple tiers of your supply chains, provenance (knowing where things come from, and that they are made consciously)and sustainability (incl. Environmental and Social impact) are demanded more than ever by customers, partners, investors, regulators and the broader communities we live and operate in. There is a need to embed and operationalize trust across business ecosystems. In order to do this, it's important to understand that Trust in business is a composite, multi-variate, multi-party, data-centric concept that depends on People, Processes, Systems and most importantly Data. The level of trust within a business network depends on the completeness, verifiability, consistency, integrity, security, privacy, timeliness and compliance with which data is generated, processed, shared and accessed by the participants within the network.
Copperwire has built an industry-leading middleware platform to help digitalize your supply chain, and operationalize these elements of trust across business network participants, processes and data. Our Platform ensures that data is visible with built-in verifiable proofs to all concerned parties with security and privacy controls in place; and this data is trusted and acted upon by all securely authenticated participants via processes that are pre-programmed in line with multi-party contracts, business policies and regulations. All this has the combined material impact of reducing friction, waste, errors, delays, disruptions and thus improving efficiency, agility, risk & resilience management and compliance across the supply chain.
Key Capabilities
Trusted Digital Twin of your Supply Chain
Capture and map the digital DNA of your supply chain into a synaptic, cognitive network and that enables infinite, navigation of all your data and make intuitive and timely decisions. This creates a unified, actionable Digital Duplicate of your supply chain that’s further anchored by a trusted, auditable and secure digital twin on blockchain.
Collaborative Data Sharing
Based on Copperwire’s ‘Smart Information Payload Protocol’ (SIPP) technology designed to facilitate secure, targeted, intelligent multi-party data sharing within complex multi-tiered, multi-modal supply chains and business networks and also help greatly reduce latency and loss in data exchange.
Full Transparency
A hyper-connected multi-tier data network allows different modalities of data-sharing that enables partners across multiple tiers of your supply chain or business networks to collaborate in a secure, trusted, & privacy-aware manner. Connect with multiple external & internal data sources to gain complete, real-time visibility with your business partners.
Verifiable Truths
Trust in your supply chains comes from real and verifiable data. All the data your business network can be verified with proofs stored immutably on a common blockchain ledger. These proofs are captured and shared using various mechanisms including via images, videos, APIs, and IoT sensors within your operations and are directly stored on blockchain in a tamper-proof manner.
Trusted Automation
Enable trusted automation of multi-party processes, transactions and settlements while codifying business agreements. Create, deploy and manage self-executing, cryptographically secured , tamper-proof and trusted smart contracts that will reliably automate many of the current manual processes and ensure contract compliance.
Data Integrity Assurance
No matter what systems of processes you implement, the importance of end-to-end integrity of your data cannot be overemphasized as a cornerstone of foundation of trust. Critical data throughout your supply chain is tracked and traced from source on a blockchain where it’s immutably stored with quality assurance as well as verifiable proofs.
