How a Smart Combination of a QR and Barcode Can Disrupt the Supply Chain Industry EndChain Follow Nov 15, 2018 · 2 min read

Supply Chain Problems:

Tracking within a corporation is not always transparent, let alone among different legal entities. Land transportation providers, carriers, governments, customs brokers, and freight forwarders all rely on outdated ways of keeping track of their goods. These antiquated systems use outdated methods such as physical paperwork and bonded couriers. By not being up to date on the latest technology, corporations suffer from delays and incomplete tracking information. Logistics can be brought into the 21st century by using blockchain to transmit orders, letters of credit and delivery receipts without the use of bonded couriers

What’s already in the market — limitations

Presently, there are multiple companies attempting to fix the problems

associated with the current logistics system by using blockchain. These

companies often pose similar solutions that are plagued with reoccurring

problems. One of the most glaring problems is that there is a lack of an all

in one solution to a worldwide problem. This is mostly due to current

blockchain companies focusing on a niche area. With the right system, a

single smart chain can transparently display the entire logistics network

from the producer to the end of the good’s life cycle.

The next problem is the difficulty of the solutions currently in place. A

potential long term and widespread solution should be easily adaptable to

each part of the value chain. Expecting businesses or consumers to

manually enter goods is an unreasonable expectation. There should be

nothing to add beyond the scan of a package. Technology can be molded

to handle the rest of the necessary steps and to fit the needs of all users

wanting to access the data in any degree.

The new solution

The solution the market needs is 2 fold: an easy way to integrate into existing systems and a low per-item cost. Without these problems being fixed, it is not economically feasible to use blockchain on everyday items. Yet, consumers should not be worried more about the origin of their handbag over the food they put in their body.

Blockchain technology has evolved to a point where it is possible to track everything on the blockchain. The problem has been creating a cost effective solution. EndChain was founded on the idea that there must be a simple solution to this problem. That has lead us to create our patent-pending QR and barcode combination.

Through an API, our codes can be printed directly on the packaging. This allows blockchain tracking to cost no more than the price of the paper it is printed on. Additionally, our unique code allows for easy recognition by our program. By being easily recognizable, EndChain can simply run in the background of any system and activate when it recognizes the unique EndChain code. It will then extract the barcode data and enter it into the legacy systems while at the same time, extracting the unique QR code data and updating the blockchain.