The blockchain applications provider, Powerbridge Technologies, is reportedly going to introduce a blockchain traceability platform very soon. As per the news reports, the development and the design for the technological infrastructure of the platform, which is called the Powerbridge Blockchain Supply Chain Traceability Platform, has been completed. Presently, the platform is at the stage of multi-consumer industry applications.
Powerbridge Technologies is a company that is mainly involved in providing blockchain applications and Software as a Service (SaaS) solutions. It offers a SaaS platform for data intelligence, supply chain, cross-border eCommerce, and Internet of Things (IoT) devices and applications. The Powerbridge Blockchain includes Bitcoin and Ethereum digital assets, besides IPFS distributed network services and blockchains apps which are industry-specific.
The Powerbridge Blockchain Supply Chain Traceability Platform will integrate blockchain technology with Artificial Intelligence (AI) and big data. With this, it will be able to collect data regarding transactions and track the entire supply chain system with ‘one product – one code’. The new platform will allow for more transparency and traceability in the supply chain, from the production stage to the distribution logistics and also to the business transactions. With the help of this platform, the circulation of inferior and counterfeit products will be prevented. In addition to this, it will also protect the right of consumers and corporate brands.
In a recent interview, the President of Powerbridge Technologies, Stewart Lor, said that the platform aims to increase the efficiency of the supply chain process. It will allow full traceability of the products of the consumers. He further said that this will help the businesses in building and maintaining consumer confidence and trust.