MTT Enables Supply Chain Track-and-Trace
MTT is also a key primitive for improving supply chain efficiency. Trusted multiparty track-and-trace systems are needed to effectively manage assets in the value chain, enhance interoperability between stakeholders, and empower consumers to make informed purchasing decisions with confidence.
Tracking a part’s ubiety and identity across the value chain reduces frictional inefficiencies, saves money, and ultimately results in safer, greener, and more affordable products. MTT can be used to ensure parts traceability up and down the supply chain, which will enable scaling for a multitude of use cases such as battery passports, parts recalls, authenticity, and ethical and sustainable labor practices.