GoChain Use Cases
SUPPLY CHAIN & LOGISTICS
The complexity of supply chain management has plagued the logistics and transportation industries for decades and its inefficiencies continue to multiply as the e-commerce industry continues to take over our growing economy. GoChain is committed to reducing friction, creating new business models, and driving efficiency.
SETTLEMENTS & CLEARING
In 2016, VISA reported that they process an average of 150 million transactions per day. At an average cost of $0.00003 per transaction, GoChain's network can process the same number of transactions as VISA for less than $160 a day
Rudimentary supply chain systems that rely on paper tracking and outdated data inputting methods do not provide a way to share data with consumers. Lack of transparency weakens brand trust as it is tough for the consumer to verify with accuracy the authenticity of a label or ingredient list. Blockchain promotes brand trust by providing traceability and transparency through provenance within the supply chain.