Rising supply chain management solutions provider joins the industry alliance dedicated to advancing blockchain development, standards and adoption in the supply chain
Omnichain Solutions (Omnichain), a supply chain technology startup that leverages the power of Blockchain, announces it has joined the Blockchain in Transport Alliance (BiTA). Composed of experienced tech and transportation organizations and executives, BiTA’s mission is to lead the development of blockchain standards and education throughout the supply chain industry. It plans to open the dialogue and bring together thought leaders in blockchain for supply chain.
On joining BiTA, Pratik Soni, co-founder and CEO, Omnichain, said, “Today’s global supply chain has struggled too long with disconnected operations, which not only lead to inefficiencies, but also hurt financial outcomes. But now, the industry is starting to recognize the enormous potential that exists in a connected digital value chain, making blockchain a major buzzword among decision makers. Omnichain is excited to join BiTA in progressing the technology and educating organizations in how to move beyond the hype and make blockchain a real, beneficial tool for their businesses.”
Founded by supply chain and technology innovators, Pratik Soni and Ray Young, Omnichain was developed with the vision to connect fragmented, linear supply chains with a digital record of all goods movement and inventory levels from source to shelf. Omnichain’s patented solution uses blockchain technology to provide consumer packaged goods (CPG) brands, e-tailers and retailers seamless data flow from end to end. With real-time insight into online and store-level demand, Omnichain’s clients can make proactive decisions in manufacturing planning and replenishment, capture more sales and increase business growth.
To learn more about the factors driving supply chain inefficiencies and how holistic, supply chain management through Blockchain can help, visit www.omnichains.com.
About BiTA
Founded in August of 2017, BiTA promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries, including establishing industry-wide standards. Members include truckload, LTL, and parcel carriers, as well as shippers, tech startups and incumbents, insurance companies, law firms, and other industry participants who have an interest in integrating blockchain technology into their organizations. Visit BiTA at https://bita.studio/.
About Omnichain Solutions
Co-founded by global supply chain expert Pratik Soni and software innovator Ray Young in 2018, Los Angeles-based Omnichain Solutions (Omnichain) provides and implements intelligent, end-to-end supply chain technology solutions. Its demand-driven, Software-as-a-Service (SaaS) platform delivers real-time transparency, trust and efficiency from source to shelf using Blockchain technology. The holistic platform simplifies omnichannel forecasting and replenishment, optimizes manufacturing planning, eliminates lost sales, and reduces inventory carrying costs, while driving supply chain transparency, accuracy and accountability. With its first-to-market solution, the company holds the U.S. patent for planogram, store- and SKU-level forecasting and replenishment. For more information, visit www.omnichains.com.