ZK Collaboration

ZK Collaboration

Solve the information gap in the supply chain without sacrificing privacy so that companies can plan with unprecedented precision and turn firewalled information into capital.

We at Skuchain recognize that complete transparency in the blockchain has its drawbacks in the supply chain context. Enterprises are actually able to collaborate more effectively if they know their data remains safe and confidential.

To that end, Skuchain has developed patented Zero Knowledge Collaboration® technology that implements sophisticated access controls directly on the blockchain ledger. Through logged onto the blockchain, a company’s data may remain encrypted to the parties all the way down to individual cell levels. However, enterprises are still able to plan and collaborate with one another as though they had full information about one another even when that sensitive information stays hidden. Once Zero Knowledge Collaboration has been implemented on a blockchain as part of our EC3 platform offering, algorithms can be applied to data on the distributed blockchain ledger without requiring that data be revealed to any party.

Skuchain has co-authored a white paper with the World Economic Forum on how to protect supply chain data on the blockchain using zero-knowledge and other technologies.

Collaborative Planning

While ZK Collaboration can be applied to any application, it is popularly used for our Collaborative Planning application.

The key to minimizing the risk of procurement errors, late delivery or delivery of faulty finished goods, is to plan in a collaborative manner by sharing critical information across the supply chain. Not all data can be shared, however, and some data may be used in an algorithm but cannot be revealed in its raw form. That’s where EC3 comes in to make collaborative planning a practical reality.

Using our smart contracts system and cutting-edge zero-knowledge technology, EC3 is able to

  • Hide sensitive data from specific users on the blockchain
  • Store sensitive data in the EC3 system without logging it to the blockchain
  • Use encrypted data in computations without ever decrypting the data

When a company knows that its sensitive information can be used by supply chain partners to plan without compromising the confidentiality, they are finally able to share this information and enable a much more efficiently planned supply chain.

What does optimized procurement look like in action?

What is the value of Collaborative Planning?

Buyers:

  • Realize massive efficiencies in procurement and sales operations because of increased visibility and coordination.
  • Achieve JIT flexibility in their inventory.
  • Have reassurance that they will be able to secure critical components, mitigating a key supply chain risk.

Suppliers:

  • Realize massive efficiencies in inventory management and supply chain operations.
  • Can plan their own production processes more accurately due to reliance on a true forecast.
  • Minimize the risk of unnecessary business loss because they adjusted their planning in anticipation of an inaccurate forecast.

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