Stahl launches collaborations to drive supply chain transparency
Stahl has taken a step toward enabling end-to-end supply chain visibility by actively engaging with external partners.
As a first stage, Stahl has collaborated with Krahn Chemie, an independent chemical distributor, to certify key raw materials from the point of origin onward. In the coming months, Stahl will encourage more partners to scale up blockchain readiness across its network and beyond.
More effective risk management and clearer accountability
With end-consumers, leading brands and regulatory bodies increasingly concerned about the provenance, safety and environmental impact of manufactured goods, supply chain transparency is according to Stahl a key to more effective risk management and clearer accountability. Among other solutions, blockchain technology enables the creation of immutable digital records that ensure traceability, authenticity, and data security across the chain of custody. The Aura Blockchain Consortium, for example, uses blockchain technology to allow consumers to access product history and proof of authenticity of luxury goods.
Following an internal pilot of Finboot’s blockchain-based traceability system, Stahl is now launching a proof of concept with external suppliers. Specifically, Krahn Chemie has been integrated into the blockchain traceability environment. This step enables the traceability of key raw materials throughout the supply chain, from the point of origin to finished product. In the next 12 to 24 months, Stahl wants to work collaboratively with more suppliers and partners to drive blockchain maturity, activate more nodes in the network, and deliver greater supply chain transparency.
