GearChain launches barcode-based blockchain for inventory and supply chain management

SAN JOSE, Calif., July 14, 2022 /24-7PressRelease/ — GearChain, a Silicon Valley-based company with a new blockchain and DApp for the supply chain industry, announced its plan to revolutionize inventory management and supply chain by providing fast and affordable services. , and reliable services.

GearChain harnesses the power of barcode scanning to impact how businesses manage their inventory and supply chains, which is a $4 trillion industry in the US alone. Blockchain technology based on barcode scanning is unique because it allows you to track items from point of manufacture to point of sale. Moreover, decentralized applications are simple to use and have low maintenance costs.

What is GearChain

GearChain is a fast, affordable, and scalable platform that leverages the strengths of multiple blockchains to create a robust ecosystem in SCM. GearChain’s vision is to change the status quo and establish a standardized universal supply chain protocol that is efficient and affordable.

This is achieved by building a trustless protocol and a decentralized ecosystem by leveraging multiple blockchains to create a trusted inventory system that all intermediaries can participate in. The blockchain is immutable, so we can be sure that the shared data is unaltered since it was recorded.

Key GearChain Differentiators

There are a few differentiators that set GearChain apart from other supply chain or inventory blockchain projects.

GearChain is an open, public, permissionless blockchain SCM/inventory system that anyone can participate in, rather than the private, proprietary blockchain SCM/inventory systems used by other projects. Individuals, small businesses with a warehouse, and large businesses with 3/4PLs can all participate in supply chain projects using GearChain.

With GearChain’s decentralized inventory app builder, anyone can create their own inventory system based on blockchain technology. Inventory systems can be developed much like Google Forms, with inventory-specific form fields for inventory quantity, asset status, timestamps, category, GPS coordinates, and photos, among others.

Admin users can share blockchain transactions with Vendors, Vendors, and Senders, which have unique permission levels, once a project has been created. It requires no coding and can be created quickly.

Using a smartphone as both a barcode scanner and an IoT device for inventory management, it’s both affordable and simple to use for anyone involved.

A Supply Chain extendable to NFT

GearChain DApp saves time by simply updating essential inventory data while scanning barcodes. Upon data submission, a location of physical assets is automatically recorded with GPS coordinates and can be viewed on Google Maps.

Additionally, users can take a photo of physical assets and prove the authenticity and ownership of physical assets using NFTs.

For example, a warehouse clerk can photograph valuable items such as art, jewelry, antiques and submit them to the blockchain as NFTs, thus physical assets can be ‘tokenized’ and traded, which makes them more valuable.

A Supply Chain that can be synchronized with Spreadsheet

Each of the entries is recorded on the Google sheet in real time with the blockchain hash information. Since the data is synced with the Google sheet, it can be further used to integrate with legacy systems, customize with javascript, and/or generate real-time reports.

Who is behind this project?

Harry SY Jung, GearChain Project Manager, said, “Using blockchain, all supply chain participants can receive instant updates when asset status or replenishment value changes, reducing considerably the costs of verification and networking.

He previously created a Google Sheets-based inventory app builder that attracted over a million users. Now it is evolving into web3.0 technology as GearChain. This initiative is supported by a group of experts from various fields to ensure its success.

GearChain Token

Gearchain aims to accelerate and scale this project by launching a utility token sale with a limited number of token sales, reserving up to 2 billion tokens for this purpose.

The first rounds of sales will start soon, for more information visit https://gearchain.io

About GearChain
The GearChain project (company name GearApp Inc) is based in San Jose, CA in the United States. GearChain was founded by Harry SY Jung. GearChain was born from GEAR NBS with proven concepts and the founders bring together years of professional experience, have successfully founded various businesses and bring excellent expertise from the industrial and IT sectors.

Contact: [email protected]
Address: 453 W San Carlos St., Unit#2 San Jose, CA 95110 USA


Press release service and press release distribution provided by http://www.24-7pressrelease.com

About the author