Supply chains can be complicated.

Imagine for a moment that a manufacturer uses the wrong design specs, a supplier mixes up two different orders or a raw material causes a bad batch of products that need to be recalled. On top of that, billions of dollars in cash flow are now tied up while the problem is being rectified plus the 60-day payment terms.

The effects of poorly managed supply chains continue to trouble businesses today. On May 10th of 2016, hoverboards were exploding all over the world. A number of incidents of the boards catching fire led to major retailers such as Amazon and Target issuing refunds and

telling customers to trash them. Airlines were banning them and some cities were even banning hoverboards from roads and sidewalks. It is was later found that the batteries in the boards were defective and causing the fires.

VeriDoc Global has developed a supply chain solution that leverages blockchain technology and smart contracts. Our system verifies that each step in the supply chain has registered a “digital handshake” that marks exactly when and where the goods have changed hands. This makes it clear who is liable for products every step of the way.

VeriDoc Global has developed a solution that involves embedding a QR code on an item with a unique digital hash inside the QR code. The hash holds a string of information that is then placed on the blockchain network for security, verification and most important end user validation.

Using a QR code reading app, customers can scan the QR code on the item once it has been delivered to them to verify the authenticity of items.

Throughout the shipping process, the QR code can be updated with information verifying when and where the product has changed hands.

Using any QR code reading app, scan the QR code on the supply chain and the app will show you the true document produced by the issuer. This allows you to compare and see if the supply chain is an original or a fake.