OBJECTLEDGER

Written by: Dave Medinis Website: www.ObjectLedger.com

The Problem

Supply chain management in manufacturing is incredibly inefficient and wasteful. Each year manufacturers waste over $2.8 trillion on administrators, accountants, clerks, consultants, IT specialists and software programs that can all be eliminated with a Blockchain-based solution. ObjectLedger is this solution.

From Fortune 500 companies down to startups, business owners will no longer be forced to use overpriced, archaic methods to introduce their products to consumers. Common explanations for the rapid decline of the US manufacturing base often center on outsourcing due to foreign competition, regulations, and high labor costs. However the data tells a different story. Looking at the distribution of product realization costs and how they trend over time, it is clear that accounting and administration inefficiencies behind the manufacturing process are responsible for the largest portion of nonvalue added costs in the operational ledger (income statement), which ultimately causes the manufacturing relocation decisions many companies are forced to make.

By moving accounting and supply chain management for the world’s physical objects to the Blockchain, ObjectLedger will drastically improve the efficiency of these systems. In so doing, ObjectLedger has the potential save the global industrial economy hundreds of billions of dollars annually. ObjectLedger is the next logical step in merging the industrial revolution with the information revolution. It brings the power of the Blockchain to manufacturing, streamlining the process of converting the physical building blocks of our lives into the products we use every day.

The Solution

The last few years in the cryptocurrency space have been about theory, potential usability and innovation, but it is our sincere belief that 2018 will be the year where the emergence of transactable business-oriented Blockchains truly takes precedent, and cryptocurrencies with actual functionality finally start to demonstrate legitimate value in solving real-world business problems. ObjectLedger plans to utilize Blockchain and deep learning AI technology to solve massive inefficiencies in supply chain and manufacturing. Our goal with ObjectLedger is to put control back into the hands of the creators and manufacturers.

The ObjectLedger is a hybrid of real-time object-based performance monitoring software that records the physical transactions of the manufacturing process, combined with a cryptocurrency transaction to create an irrefutable record in the Blockchain of the cryptocurrency and its associated virtual object. This system eliminates the need for hundreds of billions of dollars worth of nonvalue added participants in the manufacturing process. ObjectLedger duplicates the actual manufacturing process by creating virtual objects that represent the physical objects flowing through the manufacturing plant. The objects are physically identified with a tag embedded with the unique serial number of the Object Token cryptocurrency transaction. This is the link that identifies the physical object with the transaction in the Blockchain. These tags allow people to quickly, securely and efficiently identify the physical objects and verify them using Blockchain accelerated transactions. This system, we believe, is the natural next step in the progression from barcode scanners, to RFID and now to ObjectLedger technology.

The ObjectLedger team is comprised of supply chain engineers and executives with over 100 years of combined experience bringing physical products to life for some of the world’s largest companies, across a diverse range of industries. Our executives have long held relationships with some world’s top manufacturers and OEMs, and are deeply embedded within the manufacturing ecosystem they are rebuilding with ObjectLedger technology.

For more information on gaining early access to our presale whitelist, visit us at. www.ObjectLedger.com