VOLUM, a blockchain ecosystem for enterprises, has announced that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.
A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process, while safeguarding all transactions and steps within a company’s supply chain.
VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM framework offers complete transparency and streamlined paperwork processing, which allows any enterprise or company incorporating the platform to conduct business securely, while tracking and tracing data involved using smart contracts and blockchain validation. Enterprises working with VOLUM will be able to access each functionality from a single dashboard, which allows them to track and trace their business data, view smart contracts, and oversee any and all supply chain progress.
ISBG will incorporate the VOLUM platform into its supply chain process to distribute its alcoholic beverages, and distillery products to ensure simplified and reduced paperwork, that is also transacted safely and in a timely manner. Additionally, VOLUM has a number of portfolio companies confirmed for a trial period, including firms in bottle manufacturing, healthcare, construction, import and export, and two more liquor brands.
“At VOLUM we’ve created an entire ecosystem in which industries of any kind can execute a supply chain from beginning to end, while digitizing countless procedures from one dashboard,” says Arnaldo Detrés, Co-Founder of VOLUM. “We’re extremely proud to onboard ISGBas our first portfolio company to successfully incorporate our technology into their system, and we look forward to helping them achieve optimal revenue and customer success.”
“ISBG is eager to incorporate VOLUM into our supply chain system and support its technology as a combined method of blockchain and enterprise innovation that will contribute to both customer and revenue growth,” says Alonzo Pierce, President, and Chairman of ISBG. “We’re excited to experience this accelerated pace of paperwork processing, as well as the tracking and tracing of product distribution we execute internationally.”
VOLUM operates as a blockchain-based platform designed to support a wide variety of businesses and transaction types using a native token, VLM, which is required for access and use of the platform. The token pre-sale begins on April 27th, 2019 and will remain open for 45 days.