The Lina Network recently launched its Supply Chain application which uses blockchain technology.

With blockchain, the entire manufacturing process, from production to distribution, will be completely transparent, increasing product competitiveness.

Lina Supply Chain belongs to the blockchain ecosystem which includes a variety of enterprises and users, enabling the tracking of the origin and manufacturing process of any product from the raw material stage to finished and packaged products and delivered to consumers.

"When applying blockchain technology in Lina Supply Chain, customers can access the full source of the products anywhere," said Vu Truong Ca, chairman of the management board of Lina Network, at the launch ceremony held in HCM City late last week.

Specific characteristics of sectors such as agriculture, animal and poultry husbandry and aquaculture need supply chain technology, Ca said.

According to statistics from leading experts in supply chain management, enterprises which use supply chain technology see revenues increase by between 10 and 30 per cent.

For consumers, the supply chain helps them easily trace the source of products when they are circulated on the market. Thus, users can easily recognise genuine goods from counterfeit ones.

"The application of blockchain technology in the supply chain will help reduce or eliminate fraud, reduce transportation costs and lag in activities related to documents and find solutions quicker when incidents occurr," said Vu Thach Tam, technical director of Lina Network.

“In addition, the State will easily manage the production process, thereby improving the image of national products,” he added. — VNS