Applications for Komasu

An in-depth look at how applying blockchain will enhance current technologies and methods.

Supply Chain Management Software Global Market Opportunities

The market 2023 $20B per annum

The growth is mainly due to the increasing demand for supply chain management software fueled by supply chain disruptions caused by the pandemic.

The market is expected to grow to $29B in 2030. Source


Blockchain will bring the largest supply chain
shake up in history

 Blockchain, is a game changer in the financial world but another area where it holds great promise is supply chain management. Blockchain can greatly improve supply chains by enabling faster and more cost-efficient delivery of products, enhancing products’ traceability, improving coordination between partners, and aiding access to financing. Source Harvard Business Review


Industries impacted

  • Retail & Consumer Goods
  • Healthcare & Pharmaceuticals
  • Manufacturing
  • Food & Beverages
  • Transportation & Logistics
  • Automotive

           Source


Addressing counterfeiting in the supply chain

Counterfeit products are a significant threat, especially for the semiconductor and pharmaceutical industries. In 2015, the counterfeit pharmaceutical drug market alone was worth 200 billion USD (Wall Street Journal 2015). Counterfeits do not adhere to quality standards and are not supported by any (genuine) inspection report or performance history. Komasu blockchain is designed to address these issues. Source

Increasing traceability

If a supplier discovers a faulty product, the blockchain enables the firm and its supply chain partners to trace the product, identify all suppliers involved with it, identify production and shipment batches associated with it, and efficiently recall it. If there are concerns about the authenticity of a product that a retailer returns, the blockchain can allay them, because counterfeit goods would lack a verification history on the blockchain.

Increasing efficiency and speed and reducing disruptions

Supply chains are often long and unpredictable with variable lead times and a lack of visibility. As a result, a small delay or disruption in any part of the supply chain can lead to excess inventory and stock-outs in other parts. A blockchain would give all participants visibility of the order and automatically update the delivery times if there is an issue further up the chain.

Improving financing, contracting, and international transactions

When inventory, information, and financial flows are shared among firms through a blockchain, significant gains in supply chain financing, contracting, and doing business internationally are possible. For example accounts payable management, an elaborate process that involves invoicing, reconciling invoices against purchase orders, keeping track of terms and payments, and conducting reviews and approvals at each step. Even though ERP systems have automated many of these steps, considerable manual intervention is still needed. And since neither of the transacting firms has complete information, conflicts often arise. Another area of opportunity is cross-border trade, which involves manual processes, physical documents, many intermediaries, and multiple checks and verifications at ports of entry and exit. Transactions are slow, costly, and plagued by low visibility into the status of shipments