Effectiveness of Anti-Hoarding to Various Industries

 


Hoarding has constantly been facing criticism for creating shortages of goods in the real economy. The manufacturers, as well as consumers, have come to expect the continual scarcity of goods during stable economic times. 


Scarcity alone is not the only reason for hoarding. The lack of efficient tracking of a product’s journey in the supply chain leads to an incomplete collection of data where the provider is unsure of the number of products to be stocked according to the customer’s needs. 


Yet another issue is the vague locations of the product affects the business in not knowing which participant of the supply chain have started hoarding. One can easily fix this through one simple solution - anti-hoarding by Blokchi.


Simply put, Blokchi is a blockchain-based, NFT-enabled application aiming to provide quick-fix solutions to every industry. Through a seamless process of tagging each layer of the product with unique NFT QR codes, anti-hoarding by Blokchi sends real-time reports to the manufacturer with each scan. 


This produces complete information on the progress of the product. With the help of this feature, Blokchi allows businesses to identify the location of the product and to effectively prevent hoarding of the product.


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