With numerous raw materials, storage facilities, and modes of transportation involved, the oil and gas supply chain/asset management network is extremely complicated.
One of the largest energy companies in the world, Shell, is embarking on an energy transition agenda to move away from using fossil fuels with the help of blockchain. Blockchain’s distinguishing components of distribution and encryption of data are what attract global organizations like Shell, who need trusted technology solutions for storing and sharing valuable information.
WaveDancer, Inc., (NASDAQ: WAVD) announced today that the Company recognized nearly $500k in revenue before the year’s end, from their United States government contract implementing their end-to-end blockchain-enabled supply chain management platform.
FAIRFAX, VA, December 22, 2022 – WaveDancer, Inc., (NASDAQ: WAVD) announced today that the Company signed another customer for their Maverix Blockchain platform. The multi-year engagement is expected to exceed $500,000 in new subscription revenue.
Smart contracts are one of the clearest benefits of blockchain technology. They have broad applications across various industries and use cases and provide value that is clear and tangible. As more industries use blockchain to track many different systems and processes, the usage of smart contracts has evolved as well.
WaveDancer, Inc., (NASDAQ: WAVD) announced today that the Company launched a new website showcasing their commercial, permissioned blockchain-enabled supply chain management platform, Maverix. Check out this video to see how it works.
The supply chain has evolved into a mass interworking of information between parties in the digital sphere, reducing costs and increasing profitability. The dominant role that IT now plays in the supply chain process has proven successful in its growth but has also raised the risk of cybercriminals.
WaveDancer (NASDAQ: WAVD), will be hosting a webinar through LinkedIn Live on November 30, 2022
Recent Commercial Partnership for Maverix Platform Supports Potential for Future Growth
Online voting is complicated, but we believe there could be value in applying blockchain to a completely re-envisioned voting process.
While supply chains are facing tremendous uncertainty across the globe, blockchain technology offers a single solution for many of their ongoing issues. Working with timely, accurate data is essential for supply chains to function, yet today supply chain partners – suppliers, manufacturers, distributors, and wholesalers – are trying to communicate with systems that most likely aren’t compatible.
WaveDancer, Inc., (NASDAQ: WAVD) announced today that it has signed an agreement with a construction company to begin using the Maverix® platform for end-to-end material tracking and construction lifecycle management and as part of their supply chain digital transformation efforts.
