STRINGING TOGETHER BLOCKCHAIN MOMENTS OF VALUE FOR OUR CUSTOMERS
CASE STUDY 1: TRACKING & VERIFYING FREIGHT DATA TO ELIMINATE DISPUTES
The Need: A manufacturer was faced with mounting disputes from shipping carriers with respect to the freight’s dimensional weight – which often led to a mismatch between shipping quotes and invoices. Additionally, it was really hard to attribute responsibility when customs reported product damage. This in turn led to disputes, claims & settlement hassles, customer dissatisfaction – all of this impacting their bottom-line by up to 15%!
The Solution: Copperwire’s Track and Trace (TnT) solution records and verifies freight details and the condition of the product throughout the order fulfillment process, via blockchain. The blockchain serves as a common source of truth for all parties – the manufacturer, shipper and customer. Smart contracts deployed on the blockchain help codify terms and automate payments in a tamper-proof manner, helping eliminate disputes and greatly speed up order fulfillment.
CASE STUDY 2: ENSURING INTEGRITY IN PROCUREMENT PROCESS
The Need: A large procurement organization in Australia, that procures products and services on the behalf of thousands of government and private organizations was looking for a solution to improve the integrity and auditability of their entire procurement process.
The Solution: Copperwire is helping record every step in this process – from supplier onboarding, RFP preparation and publishing to bid proposals, assessment contract award and purchase requisition processes – all on the blockchain in order to create an immutable, verifiable, transparent and auditable record of the entire process, while ensuring confidentiality and privacy in certain steps of the process. The project roadmap includes utilizing smart contracts to automate and speed up the entire procure-to-pay process.
CASE STUDY 3: TOKEN-BASED CREDIT FACILITY FOR SUPPLY CHAIN FINANCING
The Need: There was demand for a specialized ‘Credit Facility’ module for a Hemp product manufacturer to help distributors and retailers within its supply chain get much needed access to credit to address their liquidity and working capital requirements.
The Solution: The credit facility module includes a token-based credit and settlement system that implements the trade contract between a trade credit facility & supply chain participants. This module is designed to facilitate and track the credit-financing process, assets, contract terms, documents and operations within the supply chain network. Capabilities delivered include: the tokenization and collateralization of assets, processing of credit transactions, recording participants’ borrowing and repayment histories and posting & tracking contracts.
CASE STUDY 4: TRACKING DATA ACCESS WITHIN ENTERPRISE NETWORKS
The Need: Copperwire is helping an ISV (Independent Software Vendor) in blockchain enable their enterprise relationship management platform in order to secure and track permissioned sharing of data & value movement within enterprise business networks.
The Solution: With Copperwire, the platform is able to closely control and track all data and content being accessed by the business network participants. Copperwire aenables the platform to record the digital signature and hash of sensitive documents on-chain throughout the entire lifecycle of documents from their creation, and versioning through permissioned access and archival. This leads to greatly improved security, visibility & distributed governance.
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to help you identify how blockchain can add value to your operation.