Polygon Labs, the largest Layer-2 solution for Ethereum, continues to connect companies. It was announced that Wipro, a company earlier backed by Shell, has launched an on-chain supply chain data tracking solution which is based on the Polygon network.
There are a number of shortcomings in supply chain management today, including inaccurate data entry, incompatible software systems, and fake data. With its solution, Polygon helps in improving supply chain management in the energy sector. Wipro will develop a new decentralized application known as Falcon, which will provide an end-to-end supply chain management solution. Falcon is a comprehensive platform that tracks supplies from their source, providing a tamper-proof and globally consistent record of industrial equipment data.
Each piece of equipment tracked using Falcon will be assigned a digital passport, allowing users to publicly track its location and service history. Transparency is expected to address key inefficiencies in current processes, and the distributed ledger will provide a seamless platform that can be trusted with the essential data.
Polygon previously partnered with Adidas, Stripe, and Adobe to launch custom decentralized applications that offered new features to customers.
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