The Funding Partners Bets on Blockchain

PLEASANT GROVE, Utah, April 24, 2018 (Newswire.com) - Companies have begun to digitally transform their businesses and innovate their supply chains through technology to cater to the complex infrastructure of controlling product flow from farm to plate.

However, in reality, this is extremely difficult to implement. In the global economy, many companies struggle with various components in the supply chain, such as transactional security, product quality, and fraud. On the front lines, operation managers have an increasingly uphill task of ensuring product flow, productivity and cost reduction; in an ecosystem of an ever-expanding list of suppliers and distributors. Other supply chain issues such as the interruption in product flow, inaccurate inventory data, and misplaced assets, have the potential to ignite a domino effect of deterioration within the supply chain that causes devastating costs and wasted effort.

Companies have begun to digitally transform their businesses and innovate their supply chains through technology to cater to the complex infrastructure of controlling product flow from farm to plate.

The Funding Partners

This is where blockchain shines. The Funding Partners utilizes blockchain within its supply chains to create value that extends beyond the bottom line. It carries the means to actualize synergies between supply chain participants, generate increased value, and allows the firm to easily scale operations to other sectors and countries.

At the basic level, blockchain is a digital technology for securely recording, storing, and verifying transactions. It provides a distributed database, or ledger, with records of data and transactions that do not require a centralized point of control. The database is easily accessible for users to review and audit, without providing the ability to alter or delete previously recorded transactions. Altogether, blockchain technology enables a permanent history for data or transactions, resulting in greater transparency and resiliency of the digital records.

Blockchain greatly synergizes with supply chains for a variety of reasons. Many supply chains now span multiple warehouses, stores, and facilities, in various countries, around the world, yet most transactions are still reliant on inefficient, error-prone paper-based records.

Paper-based record keeping is simply not designed to scale growth or handle the increased volume of transactions, complexity or security required by a globally integrated supply chain. Even more problematic are the large data repositories this approach creates that reveal very little of what is happening on the front lines.

The Funding Partners is global private equity firm that focuses on agriculture technology. The firm has been one of the earliest adopters of blockchain-supply chain integration and to great effect. They have managed to incorporate this concept into Malaysia’s durian industry and are currently one of the major durian producers and exporters in the world.

Their business acumen to venture into blockchain technology early has revolutionized the agriculture industry with many veteran industry players trying to play catch-up. It makes one wonder, is blockchain technology finally fulfilling its potential as the world’s most disruptive technology since the internet?

Source: The Funding Partners