Blockchain-Enabled Supplier Information Management
Blockchain is transforming the way supply chains operate, offering unprecedented levels of transparency, security, and efficiency. TYS’s patented blockchain-based Supplier Information Management (SIM) platform leverages this technology to revolutionize how organizations manage supplier data, mitigate risks, and ensure compliance. With TYS, your organization is empowered to meet the challenges of today and the demands of the future. Is your supply chain prepared for tomorrow?
Encryption
Secure, permissioned access ensures only authorized stakeholders can view sensitive supplier data
Consensus
Transactions are validated for security, authentication, and data integrity
Immutability
Records are tamper-proof, with every update creating an auditable trail
Conventional Systems: Prone to Fraud, Errors & Inefficiencies
Multiple Databases
Each participant maintains a separate database, increasing the risk of human error, inconsistencies, and potential fraud.
Lack of Data Security
Shared databases lack robust protection against malicious activity. A single breach can compromise or destroy shared data, impacting all users.
Manual Processes
Heavily reliant on manual steps, leading to delays, inefficiencies, and higher costs.
External Validation
Dependence on intermediaries for verification slows down processes and adds complexity.
Blockchain: Built for Trust & Secure Trading
Trusted Ledger
A single, shared, tamper-evident ledger where recorded transactions cannot be altered.
Single Source
Advanced error checking ensures data integrity and transaction accuracy beyond traditional shared databases.
Clear Provenance
Every transaction is verified and reconciled, guaranteeing data authenticity across all participants.
Cryptographic Security
End-to-end encryption and immutable records minimize vulnerabilities, ensuring data integrity.