Blockchain-Enabled Supplier Information Management
Blockchain is foundational to tomorrow's supply chain. The Trust Your Supplier patented blockchain-based SIM platform is a disruptive innovation preparing organizations for the future. Is your organization future ready?
Encryption
Permissioned business network and cryptography ensure appropriate visibility/access
Consensus
Ensures all transactions are secure, authenticated, and verifiable
Immutability
Any changes to records are saved as a new version and linked to prior versions for auditing
Conventional systems are open to fraud, error & inefficiency.
Multiple Databases
Each participant has their own separate database, or ledger — increasing the possibility of human error or fraud
Lack of Data Security
Shared databases cannot prevent malicious activity. Hacked entities can corrupt or destroy data in the shared database, making it invalid for everyone involved.
Manual Processes
Often laden with manual processes, resulting in frequent delays and inefficiencies.
External Validation
Reliance on intermediaries for validation creates inefficiencies.
Blockchain is designed for Trust & Secure Trading.
Trusted Ledger
Single, shared, tamper-evident ledger — once recorded, transactions cannot be altered
Single Source
Provides levels of error checking and transaction validity not obtainable in regularly shared databases.
Clear Provenance
Data is guaranteed to be valid and reconciled against the data held by the others participating on the Blockchain.
Cryptographic Security
Immutably records all details of a transaction end-to-end, reducing vulnerabilities.
