Polygon Labs, the leading second-tier solution for Ethereum, continues to expand the range of companies connected to its network. According to the announcement, Wipro, a company that Shell supported in the early stages of development, has introduced a new on-chain solution for monitoring data in the supply chain based on the Polygon network.
Currently, there are a number of problems in supply chain management, such as inaccuracy of data entry, incompatibility of software systems and falsification of information. Polygon contributes to the improvement of supply chain management in the energy sector through its solution. Wipro is developing a new decentralized application called Falcon, which will provide a complete supply chain management solution. Falcon is a comprehensive platform that tracks shipments from the beginning, providing secure and worldwide data management of industrial equipment, protected from unauthorized access.
Each equipment tracked by Falcon will be assigned a digital passport that allows you to publicly track its location and service history. It is expected that such transparency will eliminate key shortcomings of current processes, and a decentralized registry will provide a reliable platform that can be relied upon to obtain accurate information.
Previously, Polygon collaborated with companies such as Adidas, Stripe and Adobe to develop specialized decentralized applications that provide new opportunities to the clients of these companies.
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