Coronet Blockchain operates a B2B2C marketplace that utilizes blockchain technology to provide African retailers with access to quality-verified human hair extensions and salon equipment from vetted manufacturers. This platform enhances supply chain transparency and product quality management, enabling retailers to reduce sourcing costs while ensuring authenticity and reliability in their inventory.
Funding
$270K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
African retailers often face challenges in sourcing authentic, high-quality human hair extensions and salon equipment due to opaque supply chains and the prevalence of counterfeit products. This lack of transparency increases sourcing costs and exposes retailers to the risk of stocking unreliable or substandard inventory.
Solution
Coronet Blockchain provides a B2B2C marketplace that leverages blockchain technology to connect African retailers with vetted manufacturers of human hair extensions and salon equipment. The platform enhances supply chain visibility, allowing retailers to track products and processes to ensure quality and authenticity. By providing access to quality-verified products from trusted suppliers, Coronet Blockchain enables retailers to reduce sourcing costs, manage inventory effectively, and build trust with consumers. The system creates a single source of truth for all supply chain participants, including consumers.
Target Audience
The primary target audience includes African retailers in the beauty and fashion industries seeking to source quality-verified human hair extensions and salon equipment, as well as manufacturers looking to expand their distribution network and manage product quality.
Features
- Blockchain-based product tracking for enhanced supply chain transparency
- Vetted manufacturer network for sourcing quality-assured products
- Digital platform for product sourcing, ordering, and inventory management
- Quality management tools to monitor and maintain product standards
- Integrated system connecting manufacturers, distributors, retailers, and consumers
- E-commerce capabilities for retailers to sell authenticated products