Supply chain management is complex. Corporate buyers, suppliers and logistics providers demand greater visibility into the origin and movement of goods and more accurate and timely supply chain data to address inefficiencies and risks in today’s global value chains. Without a way to synchronise information amongst multiple parties along the supply chain, each organization records their own version of the truth, leading to errors, high costs and reputational and financial risks. What if buyers, suppliers, shippers and other supply chain actors could transact in a trusted network that keeps everyone in sync, in real-time and in strict privacy?
By leveraging blockchain in the supply chain, Distributed Ledger Technology (DLT) applications enable global trading partners to transact securely and with consensus over shared facts to increase efficiency, transparency and visibility. Blockchain use cases for supply chain include immutability into the provenance of goods, the elimination of reconciliation pain across multiple parties and the real-time visibility to perform track and trace analysis, assess risks and accelerate physical and financial supply chains.
Smart contracts on Corda provide a single source of truth for supply chain records – these can be verified by all stakeholders, delivering transparency to all parties
As Corda is a permissioned blockchain, regulators can access information about the supply chain in a secure environment, reducing penalties for noncompliance
Parties can capture and verify the origin, quantity, movement, location and transfer of materials, raw ingredients and finished products on-demand
Gain control and complete visibility of your supplier network—including shipping, logistics, insurance, and more—enabling your business to grow faster and more profitably
Maximize efficiency by understanding the location and flow of products within your supply chain—from the stage of raw materials all the way to post delivery
Streamline record-keeping and reporting systems to ensure reliable manifests, bills of lading, certifications and more
A supply chain solution, enabling manufacturers and producers to prove the authenticity of their products across variety of industries, including agriculture and automotive
The world’s first fully integrated procure-to-pay on Corda, introducing efficiency to the supply chain management process, with invoice and PO financing
Digiledge’s invoice discounting platform offers invoicing, supply chain finance and dealer financing, with integration to legacy credit scoring services and ERPto the supply chain management process, with invoice and PO financing
Siam Commercial Bank’s supply chain management platform -Blockchain for Procure-to-Pay (B2P) – powered by Corda Enterprise – is poised to revolutionize the efficiency of global trade. It is the world’s first fully integrated blockchain solution for Procure-to-Pay.