STRINGING TOGETHER BLOCKCHAIN MOMENTS OF VALUE FOR OUR CUSTOMERS
TRACKING & VERIFYING FREIGHT DATA TO ELIMINATE DISPUTES
A manufacturer was faced with mounting disputes with shipping carriers with respect to the freight’s DIMS (Dimensional Weight) – which often led to mismatch between shipping quotes and invoices. Additionally, it was really hard to attribute responsibility in the event of product damage being reported by customers. This in turn led to disputes, claims & settlement hassles, customer dissatisfaction – all of this impacting their bottom-line by up to 15% ! Copperwire’s Track and Trace (TnT) solution records and verifies the freight details and the condition of the product throughout the order fulfilment process, on a blockchain. The blockchain in turn serves as a common source of truth for all parties – the manufacturer, shipper and customer. Further, smart contracts deployed on the blockchain help codify terms and automate payments in a tamper-proof manner thus helping eliminate disputes and greatly speed up order fulfilment and reconciliation processes.
ENSURING INTEGRITY IN PROCUREMENT PROCESS
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. Copperwire is helping record every step in this process on the blockchain – 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.
TOKEN-BASED CREDIT FACILITY FOR SUPPLY CHAIN FINANCING
Copperwire has built a specialized ‘Credit Facility’ module for a Hemp product manufacturer to help distributors and retailers within its supply chain to get much needed access to credit to address their liquidity and working capital requirements. 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 could enable participants to access financing; Processing of credit transactions, Recording participants’ borrowing and repayment histories and Posting & tracking contractual agreements.
TRACKING DATA ACCESS WITHIN ENTERPRISE NETWORKS
Copperwire is helping an ISV (Independent Software Vendor) in blockchain-enabling their enterprise relationship management platform in order to secure, and track permissioned sharing of data & value movement within enterprise business networks. With Copperwire, the platform is able to closely control and track all data and content being accessed by the business network participants. Copperwire also enables 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 throughout the business network.