The end-to-end management of purchase orders serves as an excellent use case for blockchain in supply chain. When a contractual agreement is digitized and uploaded to a Digital Ledger, it becomes the driving force behind any transaction: the Smart Contract.
This white paper will study how blockchain can be used to manage the multi-step process of executing purchase orders with international vendors, including:
Streamline the inclusion of complex business rules
Proactively uncover and address any changes in the purchase order
Identify transactional inconsistencies through the "Linkage Principle"
Serve as the center of a "meta-block" for the entire global supply chain