White Paper

Blockchain for Supply Chain: Smart Contracts & Purchase Order Management

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

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