Unlike other blockchain solutions, Lading Chain uses a private ledger and no coins. What that means is that no one besides a company’s trading partners will ever have access to a company’s most valuable asset, its data. Additionally, no coins mean that companies do not need to worry about day to day fluctuations in the cryptocurrency market.
Note that Lading Chain is not a visibility portal, like one would have to capture EDI messages, as records in this type of portal are fluid and changeable. Lading Chain, as it captures events and stores each sequentially without the ability to edit or override earlier records, provides an honest record of how a product transitions from manufacturing to final recipient.
Lading Chain is currently designed for retail, pharmaceutical, and technology companies looking to improve visibility and automate processes in their supply chain. The companies that benefit most from Lading Chain are those with complex manufacturing, warehousing, and trucking partner networks.
The Lading Chain ledger sits in between a company’s logistics management system and its inventory database holding far more information about a shipment than either handle. The ledger is the key value adder when it comes to using Lading Chain. The ledger holds all the key information related to products location, temperature, QA results, manufacture location, factoring payments, and so on for a given product.