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Watch our CTO discuss the potential of "Calibraint Difference" and our software development services!
Watch our CTO discuss the potential of "Calibraint Difference" and our software development services!
November 27, 2024
Last updated: November 28, 2024
Table of Contents
The global supply chain industry has faced immense challenges over the past few years—from disruptions caused by the COVID-19 pandemic to the growing complexities of international trade. However, with every challenge comes an opportunity, and startups around the world are stepping up to revolutionize how supply chains operate.
In 2024, the focus is on leveraging advanced technologies like artificial intelligence, robotics, IoT, blockchain in supply chain management to improve efficiency, reduce business costs, and create more sustainable operations. In this blog, we’ll explore the top 10 supply chain startups using blockchain in 2024 and how they’re making waves in this fast-growing sector.
Before diving into the list, let’s understand why supply chain startups are attracting so much attention in 2024:
Before we dive into the list, let’s briefly examine why blockchain is the perfect fit for supply chain management:
Founded: 2015
Headquarters: Singapore
VeChain is a leading blockchain platform focused on supply chain and logistics. By integrating blockchain with IoT, VeChain ensures complete transparency across the supply chain. Their ToolChain solution allows businesses to track products from production to delivery.
VeChain partnered with Walmart China to track food products, ensuring food safety and authenticity.
Their robust ecosystem and partnerships with Fortune 500 companies make VeChain a pioneer in blockchain-powered logistics.
Founded: 2013
Headquarters: Slovenia
OriginTrail has built the Decentralized Knowledge Graph, a platform that enables interoperability between blockchains and supply chain systems. It helps organizations verify product authenticity and ensure compliance with industry standards.
Used by the food and pharmaceutical industries to verify product data and prevent counterfeit goods.
Their focus on interoperability and compliance tracking has made them a go-to choice for industries like healthcare and agriculture.
Founded: 2014
Headquarters: London, UK
Provenance is a blockchain startup dedicated to building trust in product sourcing and sustainability claims. Their platform allows businesses to share verified supply chain information with consumers.
Provenance has worked with brands like Unilever to track and verify ethical sourcing in their supply chains.
By pooling shipments, Flock Freight reduces empty miles and emissions, creating a win-win for businesses and the environment.
Founded: 2017
Headquarters: Greenville, South Carolina, USA
ShipChain simplifies freight logistics by using blockchain to track shipments end-to-end. Their platform integrates smart contracts to automate payments and enforce contractual agreements.
ShipChain has been used in food supply chains to track perishable goods in real time, ensuring quality and reducing waste.
Their focus on freight and real-time tracking positions ShipChain as a key player in optimizing global logistics.
Founded: 2015
Headquarters: London, UK
Everledger specializes in tracking high-value assets like diamonds, fine art, and luxury goods. By leveraging blockchain, Everledger ensures that these items have a verified and tamper-proof provenance.
Everledger created a blockchain solution to verify the ethical sourcing of diamonds.
With increasing demand for ethically sourced luxury goods, Everledger’s niche focus continues to set them apart.
Founded: 2017
Headquarters: Toronto, Canada
Morpheus.Network provides blockchain-based supply chain automation. Their platform integrates with existing ERP systems, IoT devices, and other tech to streamline operations.
Used by pharmaceutical companies to automate compliance and track drug shipments.
Morpheus.Network’s interoperability with existing systems has made it a practical choice for businesses seeking gradual blockchain adoption.
Founded: 2017
Headquarters: Zug, Switzerland
Ambrosus combines blockchain with IoT sensors to monitor the quality and safety of products throughout the supply chain.
Used in the food industry to track perishables like seafood and dairy, ensuring proper storage and transportation conditions.
Ambrosus’s emphasis on product quality assurance gives them a strong foothold in food and pharmaceutical industries.
Founded: 2016
Headquarters: Ho Chi Minh City, Vietnam
TE-FOOD focuses on farm-to-table traceability in the food industry. Their blockchain platform ensures transparency for consumers and compliance for businesses.
TE-FOOD is used by supermarket chains in Asia to track produce from farms to shelves.
With food safety and traceability being a top priority, TE-FOOD’s affordable solutions have gained widespread adoption.
Founded: 2015
Headquarters: Denver, Colorado, USA
TrackX leverages blockchain and IoT to optimize supply chain logistics, with a focus on asset tracking and inventory management.
Used by logistics companies to manage returnable transport items (RTIs) like pallets and containers.
Their expertise in asset management fills a critical gap in logistics efficiency.
Founded: 2015
Headquarters: Brooklyn, New York, USA
BlockApps offers Strato, a blockchain-as-a-service platform for building supply chain solutions. Their platform allows businesses to customize blockchain applications for specific use cases.
Used by the agriculture sector to trace crops and verify sustainability claims.
BlockApps’ customizable solutions provide flexibility for enterprises seeking tailored blockchain adoption.
The success of these startups is fueled by several key trends in the supply chain industry. These trends are currently pushing the supply chain industry to the next level:
The supply chain startups using blockchain are at the forefront of technological transformation, and these 10 startups are leading the charge. From improving transparency with blockchain to optimizing last-mile delivery with autonomous vehicles, these companies are redefining what’s possible in logistics and supply chain management.
If you’re a business owner, investor, or supply chain professional, keeping an eye on these startups can provide valuable insights into the future of this dynamic industry.
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