Harnessing the Power of the Network Effect
This Solvbl Solutions profile is part of a paid investor education campaign.*
Overview
Solvbl Solutions is a technology company developing software as a service (SaaS) products designed to provide authenticity and security to existing supply chain management systems. Solvbl is focused on small to medium-sized enterprise solutions in the agricultural and manufacturing industries. The company’s flagship product, Q By Solvbl, is a digital platform capable of cryptographically encoding items so that they can be tracked through a verifiable software platform. The platform is capable of scanning existing items at any level of the supply chain, enabling businesses to verify the authenticity of their goods at point in their lifecycle.
Q By Solvbl is an enterprise-level solution capable of processing over 180,000 transactions per second. The platform is offered through Solvbl’s SaaS business model, which the company intends to expand through additional product offerings that leverage the Q digital infrastructure. Q By Solvbl is backed by a private blockchain to ensure the credibility of the data on the platform. By providing an immutable record of the items on the platform, Solvbl is able to operate the platform without having direct access to the data it is protecting, providing an additional layer of security through compartmentalization.
By providing a fast and reliable means of securing products throughout the supply chain, Solvbl believes it has the potential to radically improve the supply chain management space. The digitization of supply chain management technologies has created a wave of new sectors within the transportation and supply chain industries, including software-based niches like the supply chain visibility and event management (SCVEM) sector. According to a 2020 report by Technavio, the emergence of SCVEM services is expected to drive growth in the supply chain management market moving forward, helping the global supply chain management software market to grow to approximately US$9.546 billion by the year 2024 at a compound annual growth rate (CAGR) of 11 percent.
The improved visibility and monitoring of supply chains has the potential to eliminate inefficiencies and improve the productivity of shippers, receivers, and third-party logistics companies. By providing companies with the ability to monitor, measure, and adjust their supply chains on the fly, technology companies including Solvbl are helping to revolutionize the capabilities of the logistics industry.
Solvbl Solution’s Company Highlights
- Global supply chain management software market posted to grow at 11 percent CAGR to hit US$9.56 billion by 2024
- Q By Solvbl provides logistics companies the ability to digitally protect, track, and trace throughout the entire supply chain
- ‘Q’ Platform provides the potential for additional use-cases built around the encrypted protection and authentication system
- Q By Solvbl is capable of processing 180,000 transactions per second based on trials conducted by the company on a private server
Q by Solvbl
Q By Solvbl is the company’s proprietary fraud prevention software designed to digitally “stamp” or “seal” data through encryption, enabling actors up and down the supply chain to verify and rely on the authenticity of the products or services they have received. The company has combined radio-frequency identification (RFID) with LTE tracking technology and other recent innovations to provide a system that has the ability to track and maintain authentic product data throughout the entire supply chain. By providing an enterprise-level platform capable of quickly verifying the contents of a product or shipping item, Q By Solvbl has the potential to reduce cumbersome aspects of the supply chain including unnecessary paperwork and human error.
Solvbl is one of the many companies working to improve the technological capabilities of the supply chain management industry. Analysts including Technavio believe the emergence of the supply chain visibility and event management (SCVEM) sector has the potential to improve supply chain management services. The company projects the supply chain management software market is expected to grow by 11 percent from 2020 through 2024, partially driven by the improvements in supply chain visibility and event management that could improve labor productivity while reducing infrastructural needs and operational costs.
Q Authentication Platform
Solvbl plans to monetize its Q Authenticity Platform, including Q By Solvbl, by collecting a percentage of financial transactions conducted on the network. The company also intends to offer tiered pricing for access to the network, while retaining all data to derive highly-valuable competitive insights as Solvbl works to improve its operations.
Moving forward, Solvbl intends to continue to leverage its encrypted tagging and tracking technology to expand into new industries. The company is currently working to develop a digital cheque that can be authorized and encrypted in order to improve the efficiency and safety of transferring funds in the digital domain.
Solvbl Solution’s Management Team
Raymond Pomroy, CEO
An international manager, who has exceptional experience in business management and supply chain management (e.g. Make, Plan, Source, Deliver) primarily in UK, Holland) Canada and the US. Prior to joining Agile, Raymond had been working in a multinational consumer goods company for 30 years, and managed all elements of supply chain, including USD$2.8 billion in product supply, six factories in North America, and over 2,000 employees. He is experienced in supply chain strategy development, global supply, organizational redesign and implementation of restructuring, contract negotiations, and cost reduction activities. Raymond holds a Bachelor of Science and DIS from Loughborough University (UK).
Khurram R. Qureshi, CPA, CA, CFO
Khurram Qureshi brings over 22 years of experience in the field of accounting and corporate finance. Khurram qualified as a Chartered Accountant in 1990 and has held senior positions with several small to medium-size public companies. He has been a key member on several merger and acquisition teams.
Vikas Gupta, Director
Vikas is a seasoned executive with an entrepreneurial DNA and has a strong track record with private and public companies. He is well versed in gamification, digital distribution, video games, interactive entertainment and content. Additionally, he has also built very strong expertise in financings, the creation of unique revenue models, the monetization of complex technologies, leadership, and overall growth.
Musabbir Chowdhury, Director
Musabbir is an engineer who is a business, education and technology consultant with over 20 years of IT achievements. Musabbir is a former Professor at the Niagara College School of Business, and former director of Pi Lab, an innovation & productivity hub at Niagara College. Currently, Dr. Chowdhury is the Dean of Business at Fleming College in Ontario.
Brenda Brown, Director
Brenda is the former Senior VP of Global Talent Management at Compass Group PLC and has over twenty-five years of business experience in all aspects of Human Resource management in both union and non-union environments. As a member of the executive management team, Brenda was involved in key strategic business decisions and was responsible for the development of employee programs, corporate culture development and assisting in ensuring the success of the corporate vision.
Alan Rootenberg, CPA, CA
Alan Rootenberg is a chartered professional accountant who has served as the Chief Financial Officer of a number of publicly-traded companies listed on the TSX, TSXV, OTCBB, and CSE. These companies include mineral exploration, mining, technology, and companies in the burgeoning cannabis industry. He was also an investor in an early stage private cryptocurrency company. Alan has a Bachelor of Commerce degree from the University of the Witwatersrand in Johannesburg, South Africa and received his CPA designation in Ontario, Canada.
This profile is sponsored by Solvbl Solutions. This profile provides information which was sourced by the Investing News Network (INN) and approved by Solvbl Solutions, in order to help investors learn more about the company. Solvbl Solutions is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Solvbl Solutions and seek advice from a qualified investment advisor.
