April - 2021 19logisticstechoutlook.comdocuments and advise the vendors to take any actions needed to maintain required delivery date. "We do not store any data on our servers, and all the data is distributed among the participating members in the chain, which not only creates the necessary trust between parties but also eliminates any risk of tampering with the data," informs Tamir Baasanjav.To improve transparency and trust between supply chain parties, OBORTECH installs sensors on containers and trucks using IoT technology, which transmit data to the Smart Hub dashboard. The sensors track valuable shipments, monitor their critical physical measurements, and protect high-value products against theft. Tamir Baasanjav explains, "Our sensors act as a single source of truth that can track temperature, humidity inside the containers and can also track any shock during the journey. Any deviation to specified conditions results in raising of alarm, which ensures optimum monitoring of the cargo without the involvement of any third-party." Further, if a container is opened during a shipment before arriving at its destination, OBORTECH's ambient light sensors can transmit an alert to a client, protecting high-value products against theft.Creating a Facebook-like Digital EcosystemThe goal of OBORTECH is to create a transparent and fair marketplace among the Smart Hub participants using the blockchain-based trusted network. Any new participation to the network will be based on invitations by existing members to create a distributed approval process. Using the member's supply chain provenance data and shipment histories registered on the network, the marketplace will enable verification and rating of stakeholders in the supply chain without the need for third-party credentials. This will allow suppliers and buyers to make data-driven decisions, filtering out risky participants based on the automatic rating system analyzed through past performances and transaction histories. "We want to create a simple and easy-to-use fully digital network like Facebook in supply chain that everyone has equal participation rights, controls their own data, decides whom they want to connect, shares information remotely in unified format, receives real-time notifications, and gets valued based on their performance histories verified by other members in the network instead of complex procedures by single organization," explains Tamir Baasanjav.Adding Value for All Supply Chain PlayersAlong with buyers and suppliers, Smart Hub's reliable and real-time information can also help transporters to improve their operational efficiencies and cut unnecessary costs. Even the regulators can greatly benefit from the platform's visibility, as it will allow them to plan and manage risks. As the data provided by the platform has no chances of data manipulation, financial institutions can also use it for risk analysis. Additionally, they can also process payments and documents faster using the smart contract technology of blockchain.OBORTECH's clients that include suppliers, producers, merchants, transporters, logistic companies, end-users, insurance, and financial institutions engaged in supply chain and trade finance processes, can leverage Smart Hub to improve their efficiency. The company is currently working with meat exporters and regulators in Mongolia to make the process a fully digital solution that will allow all actors to remotely access same information flow on its Smart Hub platform. Going forward, OBORTECH plans to enter intra-Europe and Europe-Asia inland transportation markets of perishable and sensitive products. Our platform is a decentralized and democratic digital ecosystem that favors all actors in the supply chain regardless of their size and IT capability
< Page 9 | Page 11 >