MDC Supply Chain System

Blockchain-based domestic cosmetic raw material supply chain management solution

The value of sustainability has grown since the COVID-19 outbreak, and it was only after the borders were closed that realized how much have depended on overseas for cosmetic ingredients. In addition, there are ingredients filled with the energy of the land where people were born and raised, and consumption patterns that revive the region are in place. As a result, brands with strong regional markets are increasing and increasing their influence. By applying MDC Supply's blockchain technology to the distribution of domestic cosmetic raw materials worth 700 billion won, digital recording is possible from the raw material harvest stage to the entire stage, and data and product sharing are possible.

Cosmetic raw materials are different from general industrial products raw materials. It can be very sensitive as it is applied directly to the skin and mixed with various ingredients. In particular, in order to replace existing imported raw materials with domestic materials, MDC Supply supports efficacy and safety, and the relationship between small and medium-sized companies-oriented raw material dealers and brands with blockchain, a technology of trust.

MDC Supply will develop a platform that applies blockchain technology to the entire process of supplying and sourcing raw materials for domestic cosmetics. Blockchain technology is applied to improve the transparency and traceability of the supply and demand process of domestic cosmetic raw materials so that everyone can benefit.

MDC supply blockchain technology is applied to improve traceability by collating data from raw material supply logistic lines in real time through a digital system. Blockchain technology is applied to various products that use domestic cosmetic raw materials, so raw materials that accurately trace their origin can be used. Due to the application of blockchain technology, it is possible to guarantee the origin and quality of domestic raw materials used in cosmetic products, which can be used as a marketing point.

The blockchain technology applied to MDC supply enables the recording of data that cannot be easily changed or manipulated during the supply and demand process of individual raw materials using mobile phones and QR codes. From small domestic cosmetic's raw material farms to sales partners, raw material supply partners, and cosmetic production plants, the entire domestic cosmetic's raw material supply and demand process is accurately tracked.

Through MDC supply, a digital ID card with tracking function code and QR code reading function is provided to individual raw material farmers to ensure accurate tracking on the block chain until the raw material leaves the local growing farm and arrives at the production plant to check the quality and authenticity.

In the meantime, problems have been pointed out in terms of transparency and traceability due to the complicated involvement of various stakeholders in the overall supply and demand process of cosmetic raw materials. Experts point out that various potential problems, ranging from price fluctuations to instability of crops due to climate change, have overlapped complexity. MDC pays attention to the reality of such sensitive issues and plans to support transparent and efficient raw material supply and demand through MDC supply.

MDC Supply's application of digital tracking technology could also be of great benefit in managing and mitigating the complexity that may be entailed by unprecedented and unpredictable circumstances such as climate change or the COVID-19 pandemic.