Top 10 Startups Revolutionizing the Supply Chain Industry with Blockchain

The global supply chain industry is growing at a rapid pace and Blockchain is one of the reasons behind it. Blockchain provides complete freedom to participants in a supply chain network to operate a shared ledger and utilize it as a single source of truth. This technology improves the current system, focusing on areas like product traceability and authentication. Market leaders such as Walmart, IBM, Ford, Coca-Cola, BHP, etc., are actively using the Blockchain to create a more sustainable supply chain system. These companies have also encouraged startups to lean more toward Blockchain supply chain solutions and solve distinct challenges associated with it.  

This blog covers the list of top startups facilitating the advancement of the supply chain through Blockchain technology.  

List of Startups Using Blockchain Technology to Drive an Efficient Supply Chain

The following is a list of 10 startups using Blockchain supply chain solutions to contribute to the wave of decentralization.

1. Syncfab

Syncfab is a California-based company that connects Space, Aerospace, and Defense buyers in a supply chain network. Their transformative solutions powered with Blockchain DLT instill network security, an immutable audit trail, and supply chain traceability through transformative solutions powered with Blockchain DLT. The firm simplifies the digital transformation in the manufacturing supply chain and geared up the business resilience with Blockchain supply chain solutions. 

2. Te-FooD

Te-FOOD is a startup dealing in whole-chain traceability solutions that cover logistics and food activities and data management of the supply chain. This startup offers access to cost-effective software and necessary identification tools to make fresh food supply chain information easily accessible and transparent. The company’s mission is to support food companies, consumers, and government bodies to build a transparent food industry with Blockchain supply chain solutions.  

3. Peer Ledger

Peer Ledger uses advanced Blockchain technology to collaborate with large and medium-sized companies to achieve environmental, social, and governance (ESG) transparency in their supply chains. The company’s support ensures responsible sourcing, showing there is no child or forced labor involved in the supply chain, and also helps reduce supply chain risks such as counterfeiting, conflict-financing, safety, and more.  

4. T-Mining

Based in Antwerp, T-Mining primarily aims to make maritime logistics processes more transparent, secure, and efficient. The team at T-Mining develops a Blockchain-based network to drive collaboration and digitizations across the supply chain. Leveraging decentralized technology such as Blockchain and implementing concepts like Self Sovereign Identity (SSI) and Commercial Privacy, enable T-Mining to provide businesses or consumers more control over their data, identity, and privacy. 

5. Cargo Coin

The Cargo Coin platform is designed to decentralize global trade and transport through a smart contract and cryptocurrency platform.  Such a platform encourages seamless interaction among traders, ship owners, freight forwarding providers, booking agents, and other participants involved in the international trade and transport of commodities and cargoes.  Cargo Coin is setting a perfect example of innovation in the digital world, encouraging more market players to partner with a Blockchain supply chain development company and come up with a better solution to streamline the transport and trade sector’s supply chain. 

6. CargoX

Another company on our list is CargoX. It is a game-changing platform ideal for  Blockchain Document Transfer (BDT). It is the fastest-growing solution for creating and exchanging electronically traded documents. With the reputed Blockchain supply chain development company’s assistance, the journey to building such a platform will become convenient. 

7. Chronicled

Chronicled offers Blockchain-powered solutions that automatically settle transactions between companies in the life science industry. Their Blockchain-powered network within the life science industry helps create a secure ecosystem for healthcare providers, pharmacies, and other life science industry players. 

8. WaveBL

Trusted by the world’s leading ocean carriers, WaveBL is a digital platform that utilizes proprietary Blockchain technology for the seamless transfer of trade documents electronically. The company is also one of the participants in implementing the eBL (electronic bills of lading) standards. Companies with years of experience in the Blockchain world can develop tailored Blockchain supply chain solutions as per your business requirements. 

9. Morpheus.Network

Morpheus.Network is a supply chain SAAS middleware platform that transforms the legacy system, with Blockchain and other emerging technologies. The company’s digital platform offers shipment and item visibility to build a safe and secure supply chain ecosystem. Morpheus.Network helps clients increase their revenue by adopting automation and digitization. 

10. Grainchain

Grainchain is another startup gaining the client’s attention worldwide. It helps automate the process of measuring the commodities at silos and storage facilities. The company builds incredible solutions to resolve the complex challenges the agriculture supply chain industry faces. They use the transformative technology, Blockchain, to enhance the efficiency of the supply chain processes and make it faster and safer for participants in the network. 

Conclusion

While going through the supply chain model of the startups listed above, you will gain an overview of how Blockchain technology is transforming the supply chain sector.  These startups are one of the major contributors to supply chain industry growth and solving trade inefficiencies.  If you also want to contribute to this global movement, Antier is a reliable partner. 

Antier is a leading Blockchain supply chain development company that offers a comprehensive range of services to fuel transparency, traceability, and operational efficiency. Backed by in-house Blockchain specialists, Antier builds Blockchain supply chain solutions that unlock significant value for organizations by enhancing visibility, maximizing traceability, and reducing the risk of the supply chain.