🌐 Blockchain Eases Supplier Data Management!
🔍 Business Challenge:
Companies need help finding and onboarding reputable suppliers due to supply chain interruptions, compliance with quality expectations, and the reluctance of companies to openly share data.
🚀 Innovative Solution:
@TYSBlockchain, in collaboration with @IBMBlockchain, has developed an open-source blockchain platform, enabling secure and efficient data sharing among permissions partners. This platform facilitates data confirmation by third-party verifiers like Dun & Bradstreet, EcoVadis, and RapidRatings, creating a blockchain-based corporate digital passport for companies.
🌟 Benefits Include:
1) Enhanced Compliance & Risk Management
2) Over 70% Reduction in Supplier Onboarding Duration
3) 50% Reduction in Data Verification Costs
4) Instantaneous Checking of International Quality Certificates like GRI, ISO, SASB, etc.
🌿 Impact:
This initiative streamlines the supplier onboarding process significantly reduces costs and improves compliance, addressing environmental and social concerns in the #supplychain.
💬 Engage & Explore:
Interested in leveraging #blockchain for your supply chain needs? Discuss how blockchain can revolutionize your business processes and create a more sustainable and compliant supply chain ecosystem!
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