Polygon Labs, the largest Layer-2 solution for Ethereum, continues to connect businesses. It was announced that Wipro, a company previously backed by Shell, has launched an on-chain supply chain data tracking solution based on the Polygon network.
There are a number of shortcomings in supply chain management today, including inaccurate data entry, incompatible software systems and false data. With its solution, Polygon helps improve 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 inventories from the source and provides tamper-proof and globally consistent recording of industrial equipment data.
Each device tracked with Falcon is 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 on which the essential data can be trusted.
Polygon previously worked with Adidas, Stripe and Adobe to launch custom decentralized applications that offered new features to customers.