Traceability can be defined as the ability to find information about where and how a product is produced or the ability to find or follow something. In the context of blockchain technology, traceability means any changes to the data/information stored in it can be known and tracked. Traceability will be very useful if implemented in the supply chain because the information/data movement of goods from each supply chain can be validated.
EMURGO is a global blockchain company that provides solutions for developers, startups, enterprises, and governments. Known as one of the founders of the Cardano protocol, EMURGO is involved in various projects in several countries, such as Japan, India, the United States, and Indonesia.
EMURGO Indonesia introduces an enterprise-based blockchain traceability solution, EMURGO Traceability Solution. This solution answers the need for accurate information/data in the supply chain by utilizing the characteristics of a transparent and immutable blockchain.
As a context, the supply chain in Indonesia is very challenging, one of the reasons is due to the geographical condition of the largest archipelago in the world which is quite complex and fragmented. Information/data regarding the distribution channels of goods is difficult to validate. Coupled with the paper-based recording and the lack of access to a computer or laptop, the current reality is very far from the ideal conditions expected by the stakeholders involved.
EMURGO is aware of this issue and sees enormous potential for the blockchain to be the answer. The accuracy of data distribution of goods can be validated with the blockchain application in the supply chain. The immutable characteristics of the blockchain make data or information that has been entered into the blockchain cannot be changed in any way. This makes any form of manipulation that might occur along the goods distribution channel minimized.