Current Situation
Bad pricing and the lack of visibility hurts profitability — especially in restaurants with razor-thin margins.
Goals and Objectives
Companies should have intelligent systems with logical release mechanisms to streamline and secure financial transactions and contract completion for exchange of goods based on agreed parameters and illustrate statistically accurate average prices of goods. Authenticity of goods and traceability dramatically increases consumer confidence.
Technology Deployed
Blockchain, B2B networks, digital supply chain, contract management, finance, and inventory management solutions
Use Case Summary
Relationships between suppliers and hospitality organizations will benefit from transparent pricing and contracts that use conditional transactional verification.