MANILA - Manufacturers can tap blockchain, the same platform used to trade bitcoin and other cryptocurrencies, to manage their supply chains, a startup offering such service said Tuesday.
Syncfab.com uses blockchain to help businessmen request for best price quotations and order supplies, said its founder and CEO Jeremy Goodwin.
"The supply chain is spread across into your diverse geographies and technology architectures. What blockchain offers is a streamlined universal protocol, which could be infrastructure-agnostic, which basically allows for the life cycle of processing, the life cycle management of the products," he said.
Goodwin said Syncfab.com presented its solution to Mitsubishi last December.