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Follow on Google News | Largest Russian Engineering Company Partners With Credits Blokchain PlatformThe LLC Globaltechexport engineering company announced the implementation of the pilot project for the management, transmission, and storage of sensor data on the Credits blockchain platform.
LLC Globaltechexport (http://gtexport.ru/ Company's customers: Lukoil PJSC (http://www.lukoil.com/) Manufacturers: The continuous operation of the company is of huge significance within the advancement of the constructing industry and attaining financial, technical and political tasks. Especially intense is the address of progressing the existing specialized frameworks of the oil and gas industry, the thermal and electric power branches. The following current issues exist in the market that has to be tackled to guarantee successful supply chain administration within the segment: • Production of excess stocks of products; • Non-optimal allocation of resources; • Distortion of information about the user's credible needs; • Reduced flexibility of enterprises in the supply chain; • Inconsistency in the use of logistics infrastructure The agreement made with Credits to conduct a full-scale implementation of the pilot project enables to exclude the occurrence of unexpected effects and enhances the control and computerization of the equipment supply chain at all stages of the mass production system, which largely ensures complete transparency and help reduce costs. As a result, the Credits blockchain platform helps to achieve the following: • Optimization of the transit of raw materials and finished products • Reduction of flow servicing costs • Increasing the ability of supply chains to ensure the delivery of good of the required quality and quantity, taking into account timeliness and locations • Optimization of the use of various resources, including energy, and current capacities of all participants in the supply chain Credits (http://credits.com/? End
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