{"id":17121,"date":"2021-10-22T04:09:51","date_gmt":"2021-10-22T02:09:51","guid":{"rendered":"https:\/\/sourcing-force.com\/?page_id=17121"},"modified":"2021-10-24T03:47:07","modified_gmt":"2021-10-24T01:47:07","slug":"blockchain-in-supply-chain-bring-great-value-for-p2p-solution","status":"publish","type":"page","link":"https:\/\/sourcing-force.com\/en\/blockchain-in-supply-chain-bring-great-value-for-p2p-solution\/","title":{"rendered":"Blockchain in Supply Chain brings Great Value to Procure-to-Pay suite"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;page-suite bandeau&#8221; _builder_version=&#8221;4.10.5&#8243; background_image=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2021\/10\/blockchain-in-supply-chain.jpg&#8221; background_position=&#8221;center_left&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;flex&#8221; _builder_version=&#8221;3.25&#8243; max_width=&#8221;1000px&#8221; use_custom_width=&#8221;on&#8221; custom_width_px=&#8221;1000px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text module_class=&#8221;quickform&#8221; _builder_version=&#8221;4.10.5&#8243; background_layout=&#8221;dark&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Blockchain in Supply Chain brings Great Value to P2P suite<\/h1>\n<h2>How to disrupt your Supply Chain with a Blockchain?<\/h2>\n<p><em>Let&#8217;s get in touch<\/em><\/p>\n<p>[\/et_pb_text][et_pb_code admin_label=&#8221;Email Mautic&#8221; module_class=&#8221;quickform&#8221; _builder_version=&#8221;4.9.5&#8243; custom_margin=&#8221;0px|||&#8221; global_module=&#8221;6857&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<style type=\"text\/css\" scoped><!-- [et_pb_line_break_holder] -->    .mauticform_wrapper { max-width: 600px; 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border-color: #dddddd;}<!-- [et_pb_line_break_holder] --><\/style>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><\/p>\n<div id=\"mauticform_wrapper_ennlwebsiteboxhautpagedaccueil\" class=\"mauticform_wrapper\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<form autocomplete=\"false\" role=\"form\" method=\"post\" action=\"https:\/\/go.sourcing-force.com\/form\/submit?formId=264\" id=\"mauticform_ennlwebsiteboxhautpagedaccueil\" data-mautic-form=\"ennlwebsiteboxhautpagedaccueil\" enctype=\"multipart\/form-data\"><!-- [et_pb_line_break_holder] -->        <\/p>\n<div class=\"mauticform-error\" id=\"mauticform_ennlwebsiteboxhautpagedaccueil_error\"><\/div>\n<p><!-- [et_pb_line_break_holder] -->        <\/p>\n<div class=\"mauticform-message\" id=\"mauticform_ennlwebsiteboxhautpagedaccueil_message\"><\/div>\n<p><!-- [et_pb_line_break_holder] -->        <\/p>\n<div class=\"mauticform-innerform\"><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->            <!-- [et_pb_line_break_holder] -->          <\/p>\n<div class=\"mauticform-page-wrapper mauticform-page-1\" data-mautic-form-page=\"1\"><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->            <\/p>\n<div id=\"mauticform_ennlwebsiteboxhautpagedaccueil_email\" data-validate=\"email\" data-validation-type=\"email\" class=\"mauticform-row mauticform-email mauticform-field-1 mauticform-required\"><!-- [et_pb_line_break_holder] -->                <input id=\"mauticform_input_ennlwebsiteboxhautpagedaccueil_email\" name=\"mauticform[email]\" value=\"\" placeholder=\"E-mail\" class=\"mauticform-input\" type=\"email\"><!-- [et_pb_line_break_holder] -->                <span class=\"mauticform-errormsg\" style=\"display: none;\">This is required.<\/span><!-- [et_pb_line_break_holder] -->            <\/div>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->            <\/p>\n<div id=\"mauticform_ennlwebsiteboxhautpagedaccueil_submit\" class=\"mauticform-row mauticform-button-wrapper mauticform-field-2\"><!-- [et_pb_line_break_holder] -->                <button type=\"submit\" name=\"mauticform[submit]\" id=\"mauticform_input_ennlwebsiteboxhautpagedaccueil_submit\" value=\"\" class=\"mauticform-button btn btn-default\">Submit<\/button><!-- [et_pb_line_break_holder] -->            <\/div>\n<p><!-- [et_pb_line_break_holder] -->            <\/div>\n<p><!-- [et_pb_line_break_holder] -->        <\/div>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->        <input type=\"hidden\" name=\"mauticform[formId]\" id=\"mauticform_ennlwebsiteboxhautpagedaccueil_id\" value=\"264\"><!-- [et_pb_line_break_holder] -->        <input type=\"hidden\" name=\"mauticform[return]\" id=\"mauticform_ennlwebsiteboxhautpagedaccueil_return\" value=\"\"><!-- [et_pb_line_break_holder] -->        <input type=\"hidden\" name=\"mauticform[formName]\" id=\"mauticform_ennlwebsiteboxhautpagedaccueil_name\" value=\"ennlwebsiteboxhautpagedaccueil\"><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->        <\/form>\n<p><!-- [et_pb_line_break_holder] --><\/div>\n<p><!-- [et_pb_line_break_holder] -->[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; 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background_position=&#8221;bottom_center&#8221; custom_padding=&#8221;26px||34px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;0px||0px|&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Blockchain, a form of digital trust&#8221; _builder_version=&#8221;4.10.5&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><strong>Blockchain in Supply Chain, a form of digital trust<\/strong><\/h2>\n<h4>What makes blockchain so important for a Procure-to-Pay solution?<\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;page-suite fonctionnalites lowerbg&#8221; _builder_version=&#8221;3.22&#8243; background_color=&#8221;#f2f2f2&#8243; background_image=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2019\/01\/sdfgh.jpg&#8221; background_position=&#8221;bottom_center&#8221; custom_padding=&#8221;0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;3.25&#8243; width=&#8221;90%&#8221; max_width=&#8221;90%&#8221; use_custom_width=&#8221;on&#8221; width_unit=&#8221;off&#8221; custom_width_percent=&#8221;90%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;bloc&#8221; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;40px|20px|35px|20px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Smart contract&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5><img decoding=\"async\" class=\"size-full wp-image-915 alignleft\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2018\/11\/suite-fonc7c.png\" alt=\"\" width=\"50\" height=\"50\" \/>Smart contract<\/h5>\n<p>Smart contract manages the creation of rules that will execute under certain conditions, and also distribution of payment via cryptocurrency tokens between Buyer and Suppliers.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;bloc&#8221; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;40px|20px|35px|20px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Escrow payment&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5><img decoding=\"async\" class=\"size-full wp-image-916 alignleft\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2018\/11\/suite-fonc8c.png\" alt=\"\" width=\"50\" height=\"50\">Escrow payment<\/h5>\n<p>Buy and sell products and services with a decentralized Escrow contracts. Digital cryptocurrencies are used to make any payment without the risk of losing money to scams and fraud.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;bloc&#8221; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;40px|20px|35px|20px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Trust your suppliers&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5><img decoding=\"async\" class=\"size-full wp-image-917 alignleft\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2018\/11\/suite-fonc9c.png\" alt=\"\" width=\"50\" height=\"50\">Trust your suppliers<\/h5>\n<p>Blockchain-driven KYC (Know You Customer) and AML (Anti-Money-Laundering) verification processes speed up supplier identity verification and simplify onboarding and payment.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; 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module_class=&#8221;bloc&#8221; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;40px|20px|35px|20px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Traceability &#038; Transparency&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5><img decoding=\"async\" class=\"size-full wp-image-921 alignleft\" src=\"https:\/\/sourcing-force.com\/wp-content\/uploads\/2018\/11\/suite-fonc13c.png\" alt=\"\" width=\"50\" height=\"50\">Traceability &#038; Transparency<\/h5>\n<p>Track every record into the Blockchain: public IDs, referral mechanisms and ratings\/scores, quality of the goods, reliability in delivery and timely payment of invoices.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;hide&#8221; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;40px|20px|35px|20px&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243; background_color=&#8221;#f2f2f2&#8243; custom_margin=&#8221;-20px||10px|&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_margin=&#8221;-30px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.9.3&#8243; text_orientation=&#8221;center&#8221; custom_margin=&#8221;||30px|&#8221; custom_padding=&#8221;-20px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><span style=\"color: #333333;\">Accumulated and stored history of transactions would help build trust and transparency.<\/span><\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_margin=&#8221;-20px|||&#8221; custom_padding=&#8221;0px||0px|&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;2016&#8243; module_class=&#8221;chiffres&#8221; _builder_version=&#8221;4.9.3&#8243; text_orientation=&#8221;center&#8221; custom_margin=&#8221;||0px|&#8221; animation_style=&#8221;slide&#8221; animation_delay=&#8221;500ms&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"color: #000000;\">2016<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Since Sourcing Force is involved in Blockchain&#8221; _builder_version=&#8221;4.9.3&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Since Sourcing Force is involved in Blockchain<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;500K&#8221; module_class=&#8221;chiffres&#8221; _builder_version=&#8221;4.9.3&#8243; text_orientation=&#8221;center&#8221; custom_margin=&#8221;||0px|&#8221; animation_style=&#8221;slide&#8221; animation_delay=&#8221;250ms&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"color: #000000;\">500K\u20ac<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Initial R&#038;D investment in Euro to integrate S2P into Blockchain&#8221; _builder_version=&#8221;4.10.5&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Yearly R&amp;D investment to integrate S2P into Blockchain<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;400M&#8221; module_class=&#8221;chiffres&#8221; _builder_version=&#8221;4.10.5&#8243; text_orientation=&#8221;center&#8221; custom_margin=&#8221;||0px|&#8221; animation_style=&#8221;slide&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"color: #000000;\">400M<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Euros spent in Sourcing Force and recorded in Blockchain in 5 years&#8221; _builder_version=&#8221;4.10.5&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Spent in Sourcing Force and recorded in Blockchain in 5 years<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;flex&#8221; _builder_version=&#8221;3.22&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;||0px|&#8221; border_radii=&#8221;|0px|0px|0px|0px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;3.25&#8243; width_unit=&#8221;off&#8221; custom_width_px=&#8221;1400px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texte 1&#8243; _builder_version=&#8221;4.10.5&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Blockchain, Too good to be true?<\/h3>\n<h4>Olivier AUDINO, President\u2019s Vision<\/h4>\n<p><em>&#8221; Blockchain as a technology and concept continues to be hyped in the Procure-to-Pay industry. Experimental approaches and innovations like <a href=\"https:\/\/sourcing-force.com\/\">Sourcing Force<\/a> engagement in Blockchain are of great interest to the B2B Procurement sector.<\/em><\/p>\n<p><em>As a disruptive Procure-to-Pay platform, <a href=\"https:\/\/sourcing-force.com\/\">Sourcing Force<\/a> empowered by blockchain technology has a significant impact and has the potential to redefine the operations and economics of the Supply Chain services sector. &#8220;<\/em><\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/contact\/&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Shedule A Demo&#8221; _builder_version=&#8221;3.19&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2021\/10\/blockchain-in-procurement.jpg&#8221; alt=&#8221;blockchain-in-Procurement&#8221; title_text=&#8221;Blockchain in Procurement&#8221; _builder_version=&#8221;4.10.5&#8243; custom_margin_tablet=&#8221;40px|||&#8221; custom_margin_phone=&#8221;&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; always_center_on_mobile=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;flex reverse&#8221; _builder_version=&#8221;3.22&#8243; background_color=&#8221;#ffffff&#8221; custom_margin=&#8221;||40px|&#8221; custom_padding=&#8221;0px||0px|&#8221; border_radii=&#8221;|0px|0px|0px|0px&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;flex&#8221; _builder_version=&#8221;3.22&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;0px||0px|&#8221; border_radii=&#8221;|0px|0px|0px|0px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;3.25&#8243; custom_margin=&#8221;||20px|&#8221; width_unit=&#8221;off&#8221; custom_width_px=&#8221;1400px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2019\/01\/illu1-18.jpg&#8221; _builder_version=&#8221;3.23&#8243; custom_margin_tablet=&#8221;40px|||&#8221; custom_margin_phone=&#8221;&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; always_center_on_mobile=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Business is a question of Trust&#8221; _builder_version=&#8221;4.9.3&#8243; width=&#8221;97.4%&#8221; custom_margin=&#8221;|-85px||-1px||&#8221; custom_padding=&#8221;|||1px||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Business, a question of Trust<\/h3>\n<h4>More trust makes Supply Chain easier<\/h4>\n<p>If you ever made international trades, you know too well the lengthy and costly process that goes with it. Without going into the details, the process is very paper based and involves a lot of different people, intermediary banks, hence costly and lengthy.<\/p>\n<p>Whenever there is a transaction, there is a transfer of ownership. So, trust is an important factor to make a deal happen. It is precisely the challenge that the Blockchain addresses. <strong>It is a form of digital trust that speeds up transactions and removes intermediaries.<\/strong> It is why it can have massive implications in the business world as supply\/value chains are interconnected and complex.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/contact\/&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Live Demo&#8221; _builder_version=&#8221;3.19&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;3.25&#8243; custom_margin=&#8221;-30px||50px|&#8221; width_unit=&#8221;off&#8221; custom_width_px=&#8221;1400px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Third parties will disappear&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Third parties will disappear<\/h3>\n<h4>Blockchain in Supply Chain revealed<\/h4>\n<p>The history in the blockchain is immutable and impartial. Data is shared among parties (publicly or privately) and cannot be changed by anyone.<\/p>\n<p>\u201c<em>Protected from deletion, tampering, and revision. In this world every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organizations, machines, and algorithms would freely transact and interact with one another with little friction. This is the immense potential of blockchain.<\/em>\u201d<\/p>\n<p><a href=\"https:\/\/hbr.org\/2017\/01\/the-truth-about-blockchain\" target=\"_blank\" rel=\"noopener\">The Truth About Blockchain<\/a>, Harvard Business Review<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/contact\/&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Schedule Demo&#8221; _builder_version=&#8221;3.19&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2019\/01\/illu1-19.jpg&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;3.23&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.10.5&#8243; _module_preset=&#8221;default&#8221; background_image=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2020\/11\/10162-min-scaled.jpg&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.10.5&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;|0px||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.10.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.10.5&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;|||-43px||&#8221; custom_padding=&#8221;|||0px||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\"><strong><span style=\"color: #333333;\"><a href=\"https:\/\/www.smartlink.so\/\">Smartlink.so<\/a> &#8211; Escrow 3.0 for the global marketplace<\/span><\/strong><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.10.5&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221;]<iframe allowtransparency=\"true\" title=\"Wistia video player\" allowFullscreen frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/0bse51ilur\" width=\"800\" height=\"450\"><\/iframe>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;page-module flex&#8221; _builder_version=&#8221;3.22&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;3.25&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2019\/01\/illu1-2.png&#8221; _builder_version=&#8221;3.23&#8243; always_center_on_mobile=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Blockchain in Procure-to-Pay Use Cases&#8221; module_class=&#8221;focus&#8221; _builder_version=&#8221;4.10.5&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Blockchain in Supply Chain: USE CASES<\/h3>\n<p>[\/et_pb_text][et_pb_accordion _builder_version=&#8221;4.9.3&#8243; custom_margin=&#8221;30px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_accordion_item title=&#8221;Automate and secure your Smart Contrats&#8221; open=&#8221;on&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Imagine your supplier contracts on \u2018Auto-pilot\u2019 mode. Blockchain in Supply Chain could enable the creation of tamper-proof smart contracts that automatically implement terms of multiparty agreements.<\/p>\n<p>Smart contracts can self-verify their own conditions and self-execute by releasing actions or multi-payment to the appropriate party.<\/p>\n<p>Contracts could be originated to include multiple parties across an entire supply chain with the value and terms fully integrated from end to end, and with the execution of the conditions at each stage recorded against the contract and fully visible to the onward chain.<\/p>\n<p>[\/et_pb_accordion_item][et_pb_accordion_item title=&#8221;Improve Purchase Order Management&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221; open=&#8221;off&#8221;]<\/p>\n<p>Buyer and Supplier ordering integration via the Blockchain will secure trust between parties and automate drastically control and reactivity.<\/p>\n<p>Order validation and approval, invoice processing, multi-way matching and the entire request-to-receipt process could be radically enhanced through the application of blockchain in Procure-to-Pay.<\/p>\n<p>Any change at any part of the process will automatically create an exception reducing the total time to completion and permitting much greater automation of transactions.<\/p>\n<p>[\/et_pb_accordion_item][et_pb_accordion_item title=&#8221;Procurement Visibility and Traceability&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221; open=&#8221;off&#8221;]<\/p>\n<p>Every transactions (actions and\/ or payment) can be visible instantly in the Blockchain by each parties.<\/p>\n<p>Blockchain technology in supply chain will empower the buyer with the means to ensure authenticity and traceability of all goods throughout the purchasing cycle.<\/p>\n<p>Verifiable audit trails of suppliers\u2019 goods will be established. Critical supplier credentials, certificates and qualification statuses will remain immune from forgery and other compromise.<\/p>\n<p>[\/et_pb_accordion_item][et_pb_accordion_item title=&#8221;Real-Time Procurement Settlement&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221; open=&#8221;off&#8221;]<\/p>\n<p>Smart Contracts and Blockchain orders could automatically trigger pre-agreed payments or partial payment on completion of the transaction cycle. It means a real Escrow contract that built Trust as a service.<\/p>\n<p>[\/et_pb_accordion_item][\/et_pb_accordion][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/contact\/&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;We create your own use case&#8221; _builder_version=&#8221;4.9.3&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;cta quickform&#8221; _builder_version=&#8221;3.22&#8243; background_image=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2019\/01\/analyzing-3385076_1920-1.jpg&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;flex&#8221; _builder_version=&#8221;3.25&#8243; width_unit=&#8221;off&#8221; custom_width_px=&#8221;85px&#8221; custom_width_percent=&#8221;85%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2018\/12\/SF-White-Papers-Cover.png&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;3.23&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; background_layout=&#8221;dark&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Why are E-Procurement strategies so important ?<\/h3>\n<h5>Download White Paper<\/h5>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/sourcing-force.com\/en\/why-do-i-need-srm&#8221; url_new_window=&#8221;on&#8221; 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posts_number=&#8221;3&#8243; meta_date=&#8221;Y\/m\/d&#8221; show_more=&#8221;on&#8221; show_author=&#8221;off&#8221; show_date=&#8221;off&#8221; show_categories=&#8221;off&#8221; show_pagination=&#8221;off&#8221; _builder_version=&#8221;3.19&#8243; custom_margin=&#8221;70px||&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_blog][et_pb_text module_class=&#8221;link&#8221; _builder_version=&#8221;3.27.4&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>\n<a href=\"https:\/\/sourcing-force.com\/en\/blog-en\/\">More Articles<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;homepage endcta quickform&#8221; _builder_version=&#8221;3.29.3&#8243; background_image=&#8221;https:\/\/sourcing-force.com\/wp-content\/uploads\/2019\/09\/Artboard-21-min.jpg&#8221; transform_translate=&#8221;0px|95px&#8221; custom_margin=&#8221;-100px||||false|false&#8221; custom_padding=&#8221;0px||62px||false|false&#8221; 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Let&#8217;s get in touchBlockchain in Supply Chain, a form of digital trust What makes blockchain so important for a Procure-to-Pay solution?Smart contract Smart contract manages the creation of rules that will execute under certain conditions, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19381,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-17121","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blockchain in Supply Chain brings Great Value to Procure-to-Pay suite - Sourcing Force<\/title>\n<meta name=\"description\" content=\"Blockchain in Supply Chain bring great value for Procure-to-Pay solution. 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