By Elisa Smith on The CapitalAsset Tracking Solution on BlockchainBlockchain and Asset Tracking.Blockchain technology will completely transform the way supply chains operate today. Blockchain-based supply chain solutions can automate the entire process, from the manufacturer to retailer. Among the multiple use-cases of blockchain fintech, asset tracking is also one of the areas where blockchain can reduce approval wait times by automating the complicated processes using smart contracts.An initial block is created for the assets as they leave the manufacturer, thereby initiating the blockchain. An unambiguous tag is attached to each asset, which gets scanned whenever the asset transfers from one party to another. This block would contain the details of time, type, and quantity of goods. Within such a system, all the participants of the supply chain will be able to track the products in real-time. At any given time, a complete history of the asset’s path can be traced by the authorized parties, thus enabling provenance for assets.A large number of technology companies are providing blockchain-based solutions to enable this transformation.Following is the list of top 5 companies that are providing blockchain-based asset tracking solutions.1. ConsenSysConsenSys is a global formation of technologists working to strive towards a decentralized world. They have built customizable blockchain asset tracking solutions in healthcare, oil, gas, and real estate industries. Their blockchain platform is known as Treum (formerly known as Viant). It helps in modeling business processes, tracking assets, and building the supply chains. It provides compelling insights as to how assets are managed and propagated through the entire supply chain.Its key concept is to model and track assets, and deploy smart contracts on the blockchain reliably, expediently, and economically.Website: www.consensys.netHeadquarters: Brooklyn, NYFounded: 2014 | Employees: 501–1000Expertise: Cryptocurrency, Blockchain, Web 3.0, Ethereum, Decentralized Applications (dApps), and Solidity2. DeqodeDeqode is one of the prominent companies that provides customized end-to-end blockchain solutions and services that helps startups to instantly set-up and launch their applications through White Label Blockchain Solutions. They offer a host of Blockchain services to help businesses in the adoption, integration, and realization of blockchain networks.Deqode White Label Solutions are growth accelerators that enable startups to instantly set up and launch their blockchain applications with ease, allowing them to focus on core business challenges and driving the organization forward.dqTrack is a unique blockchain, IoT, and AI-based solution for the supply chain that helps to establish a network of manufacturers, suppliers, distributors, 3PL, retailers, and customers. The idea behind dqTrack is to provide real-time information where every single product can be tracked at every single point along the supply chain.Website: www.deqode.com/Headquarters: Indore, IndiaFounded: 2015 | Employees: 150–200Expertise: Blockchain Research and Consultation, Web and Mobile Development, ICO Launch, and Cryptocurrency Development3. LeewayHertzFocusing on Blockchain, they build an end-to-end solution for businesses. They are a custom software development company for startups and enterprises, currently working in many industries such as Agriculture, Healthcare, Logistics, Legal, Manufacturing, and Startups. They have a platform TraceRX, which tracks the shipment of medicines. It uses Blockchain to solve the problem of Theft, Recalling & Shipment of medicines. As the owner of the consignment digitally signs and have a proof for every transaction, it makes it more secure and transparent. Using tracking interface Admin or owner can connect to any node in the network and can trace the shipment.Website: www.leewayhertz.comHeadquarters: San Francisco, CAFounded: 2007 | Employees: 51–200Expertise: Blockchain, Machine Learning, ICOs, Custom Software, AI, IoT, Mobile Apps, Enterprise Software4. Context labsThey provide enterprise-grade blockchain-enabled platform solutions that deliver trust and transparency for the digital and physical worlds. The Context Labs’ core platform PROVENPATHS consists of micro-service level components that enable big data enterprise integration, insightful analytics, and core blockchain interoperability. These components then snap together to produce a variety of industry solutions such as Physical Asset Supply Chain, Digital Asset Supply Chain, and Consumer and Labeling Applications. It secures your supply chain data cryptographically from production through the point of sale. Their flexible system architecture supports a configurable context state-machine (CSM) that can adapt to any supply chain configuration. It enables users to access it directly through scanning applications for iPhone, Android, NFC, or any other Bluetooth enabled scanning device, which helps in tracking assets, viewing reports, and receive real-time notifications.Website: www.contextlabs.comHeadquarters: Amsterdam, NetherlandsFounded: 2013 | Employees: 11–50Expertise: Secure Distributed Ledgers, Network Graph Analytics, Data Interoperability, Data Visualization, Trust IdentityProducts/Service: PROVEN PATHS5. ProvenanceThey are now a growing social enterprise with a background in software design, product manufacturing, and blockchain. Their prominent goal is to deliver innovation to commerce through open and accessible information about products and supply chains.They use tech to transparent power businesses and trace products.Provenance is a platform for transparency. Provenance enables every physical product to come with a digital ‘passport’ that proves authenticity and origin, creating an auditable record of the journey behind all physical products.Products have a unique ID, which helps in the Tracking of each item. Through the ID, users can access a secure digital history, along with verified claims, enriched with content from along the supply chain.Website: www.provenance.orgHeadquarters: LondonFounded: 2014 | Employees: 100–200Expertise: Supply chain transparency, Open data, Conscious consumerism, BlockchainThe Capitalhttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefTop 5 Companies with Fool-Proof Asset Tracking Solution on Blockchain was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.