Bext 360: Supply chain Digitisation to improve traceability efficiency and Sustainability Intelligence. | Knowledge Hub | Circle Economy Foundation
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Business case
Bext 360: Supply chain Digitisation to improve traceability efficiency and Sustainability Intelligence.
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1. It is a SaaS platform, that aims to bring traceability in Global Supply Chains for Agri-commodities and make them more sustainable.

2. Their technology applies ML(Machine Learning) and AI (Artificial Intelligence) to analyze the quality of the goods at the farming level and the farmers are given access to a mobile app to review the results, and Stellar.org's blockchain platform allows immediate payment and immutable traceability.

3. The platform enables the stakeholders from the producers to consumers to access the data across the entirety of the value chain, to assess and monitor the quality and efficiency of the practices.

4. It aims to strengthen the local businesses and communities in the emerging/ developing economies by increasing access to capital and streamlining the critical supply chains.

5. The bext360 technology builds upon the fundamental shift in mobile access, renewable energy, microfinance, and mobile/digital currencies in developing countries.

Problem

The current traceability methods are very Inefficient making it difficult for the stake holders-Commodity companies/ consumers, to assess the quality of their products

Solution

1. A SaaS platform that provides traceability, authentication and sustainable intelligence. The system is designed to trace the products/ services from the point of production to consumption that allows the direct interaction between all the stakeholders.

2. The BlockChain technology provides the loop, embedding all the stakeholders together through an efficient traceability mechanism and data storage.

3. In other words, it allows the wholesalers and retailers to embed the technology into their own sites, marketing and supply chain management systems and the consumers to learn the source of their product.

4. Through this, it gets easier to monitor the sustainability index/ values maintained throughout the chain via increased business intelligence.

Outcome

1. Reduces the waste at the critical points of the supply chain.

2. Improves the sustainability index/ degree of measurement.

3. Helps the smooth flow of financial transactions as well as information almost instantly.

Additional information

Certified B corporation.


Relevance- For the companies/ enterprises/ projects trying to make traceability efficient. One can adopt one unit of product/ commodity as a token moving throughout the value chain.


Photo by Shahadat Rahman on Unsplash

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