The Block Gemini – Tristar Transport Use Case Outline
The significance of logistics regarding tracking, checking and verifying as a process is undoubtedly a fertile breeding ground for blockchain-based innovations. Distributed ledger technology shares an encrypted database that brings many advantages for the supply chain industry. The three pillars of these innovations are transparency, security, and auditability. With a state-of-the-art blockchain platform, highly experienced developers can create and implement improvements in inventory management to reduce or completely eliminate human errors, and avoid all risks of fraud which minimizes the loss of revenue. These iterations will gradually enlist trust between both parties, resulting in fewer accountability issues. We can expect the industry to reach the next stage of its development soon, as the first significant steps have already been made.
As Supply Chains are part of the industries ready to be disrupted, the most prominent project listed on the portfolio of Block Gemini, the Dubai-based blockchain development company, is a state-of-the-art blockchain-based SCM solution for one of the industry leaders.
Tristar Transport, the Dubai-based leading logistics solutions provider in the Middle East, is recognized as a pioneer for adopting technological innovations. Currently, Tristar possesses a revolutionary blockchain-based platform, a first of its kind in the world, which modernizes and facilitates a wide range of processes in their operational framework. Block Gemini, the technology partner of Tristar, is currently in the middle of their roadshow across the world, demonstrating the novelties behind this solution in real-time, as the Dubai-based team of developers is craving to show the global audience how the supply chain industry can be radically transformed with the implementation of emerging technologies.
The significance of tracking, checking and verifying for logistics companies, is undoubtedly a fertile breeding ground for blockchain-based innovations. Distributed ledger technology shares an encrypted database that brings many advantages to the supply chain industry. The three pillars of these innovations are transparency, security, and auditability. With a state-of-the-art blockchain platform, highly experienced developers can create and implement improvements in inventory management to reduce or completely eliminate human errors and avoid all risks of fraud which minimizes the loss of revenue. These iterations will gradually enlist trust between both parties, resulting in fewer accountability issues. We can expect the industry to reach the next stage of its development soon, as the first significant steps have already been made.
Block Gemini – Tristar Transport: Collaboration
Tristar Transport and Block Gemini started their collaboration in 2017 when the supply chain giant realized that the digital transformation was inevitable to avoid being left behind. Adam Lalani, Tristar’s group head of IT once mentioned, “Generally speaking, the logistics industry is slow to adapt to new technology”. Although true, the strong desire to be a leading entity, along with the determination of turning Tristar into an early tech adopter, the goal remains to be the harbinger of disruptive changes for the entire industry. Without a doubt, there is limitless potential for blockchain technology to exceed its current capacity, as Block Gemini has successfully managed to prove so. As a result, this collaboration, along with the blockchain-based SCM solution successfully developed and implemented, resulted in an award as “Technology Implementation of the Year”, “a victory for imagination” according to Adam Lalani.
The Platform
Backed by Hyperledger and AWS cloud platform, Tristar’s private blockchain provides real-time oversight and analysis for all ongoing transportation and warehousing processes. Once implemented, the platform immediately brought a list of significant improvements including optimization of scheduling and deliveries, elimination of human error, and reduction in usage of paper. Moreover, Tristar received a single secure platform to connect its Warehouse Management System with transportation records, enhancing trust between the company and its customers.
The platform is built as a modular system – it’s a top-notch mix of blockchain tech, IoT, smart contracts and machine learning. Each module is aimed at facilitating different processes within the supply chain framework. Thus, the Warehousing Management Module allows the user to manage all processes through a single map as well as to track all operations in real time, and also brings to the table auditability of processes on blockchain and automated stock management. In the Trip Planning Module, it’s possible to create orders directly on the mobile app, track locations real-time and create optimal trip plans. The Sales & Purchase Agreement Module, developed by the Block Gemini team, includes automated, auditable, real-time process tracking and claims settlement. Legacy Systems integration is also presented as an additional functional module.
“Whilst many organizations have discussed the potential applications of blockchain tech to their businesses and in some cases, developed limited POCs, the platform that we developed for Tristar is the first of its kind in the world.”
Christopher Fernandez, Founder & CEO of Block Gemini
