OBORTECH

All-in-one simple solution enabling DePIN & traceability in the supply chain by decentralized data. PROBLEM ---- According to Boston Consulting Group, 1.6B tons of food are wasted annually, releasing 4B tons of CO2. The improved connection between producers and suppliers could reduce the problem annually by $60B. Lack of supply chain visibility causes food companies to lose annually $179M in the US alone. Companies can save up to $120B by decreasing supply chain inefficiency. Supply chains are disconnected due to multiple actors having different technical capacities and traditional systems having barriers such as centralized data control, customization complexity, and high implementation costs. Especially, small companies can’t build and maintain those systems and are isolated from supply chain digitization. SOLUTION ---- OBORTECH is a highly customizable solution with fast deployment, requiring only 1-2 weeks to set up. It can streamline and digitize any manual data gathering from field users, factory experts, remote suppliers, transportation, and office workers through its web and mobile applications and open API tools. Collected data is registered on a tamper-proof blockchain platform accessible and verifiable by multiple actors. Users can act promptly and make agile decisions based on real-time notifications and events sent via IoT sensors and the platform users. It can be a data collection tool to complement any in-house data management systems, feeding them multi-actor verified data from various supply chain environments. Using the Smart Hub, supply chain actors can share, comment, accept, monitor, and verify various events and documents in the supply chain to collaborate with other users digitally. It is a multi-actor collaboration platform that creates value for each participant. It does not just create traceability data for product batches with few events and inventory numbers. It can build a rich story of the product by different supply chain participants. The Smart Hub is designed to operate in a way similar to a social network (Facebook, etc). Multiple actors build together a story of a product in an environment similar to a “News feed.” Then, they create NFT on the public blockchain to share the story with public users like consumers. It can be a simple tool for enhancing any in-house traceability system.