Ontology Partners with ZAICO to Empower its Inventory Management System, Increasing Traceability…

This article was first published on OntologyNetwork - Medium
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Ontology Partners with ZAICO to Empower its Inventory Management System, Increasing Traceability, Transparency, and Trust

ZAICO’s real-time cloud storage inventory management application will leverage the Ontology blockchain to improve its services.

Ontology, the public blockchain specializing in decentralized identity and data, has signed a Memorandum of Understanding (MOU) with leading cloud inventory management software company, ZAICO. Ontology aims to provide solutions to ZAICO’s inventory management platform to help increase traceability, transparency, and trust.

ZAICO makes inventory management of large amounts of stock faster and easier. The free cloud application for inventory management is accessible through web and smartphone applications for iPhone, iPad, and Android. ZAICO’s cloud storage system allows for inventory to be counted in real-time, allowing its employees to work anywhere at any time.

By adopting Ontology’s blockchain technology, specifically its attestation service, ZAICO will develop greater control over how its information is shared and utilized. Together, the companies are building an anti-falsification solution to promote accurate and traceable inventory management. As a result of the partnership, ZAICO’s Japanese clients will soon enjoy secure, trustworthy blockchain-based inventory management at a low cost.

Commenting on the partnership, Li Jun, Founder of Ontology, said, “Inventory management has historically been plagued with lengthy, unreliable processes and lists housed on excel sheets which are prone to error and leave businesses vulnerable to malpractice. Now, via the use of blockchain in its inventory management systems in partnership with Ontology, ZAICO will increase traceability, transparency, and trust, in its services. Our recent partnership with AP.LLC will help facilitate integration with ZAICO and other third parties, as we further promote decentralized identity solutions within inventory management.”

Tamura Toshihide, Founder and CEO of ZAICO Inc., said “ZAICO develops and sells innovative cloud inventory management software with the vision to improve societal efficiency by collecting, arranging, and providing ...

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