How can you improve your company’s bottom line? Learn how Blockchain technology can unlock profitability by transforming your supply chain to achieve substantial efficiency, fraud prevention and cost takeout.
How can you improve your company’s bottom line?
The Chemical industry is complex, serving as an intermediate supplier to
virtually all sectors of the economy.
Chemical companies are under relentless pressure to increase profitability.
Blockchain technology can unlock profitability
by transforming your supply chain to achieve substantial efficiency, fraud
prevention and cost takeout
Your CustomersYour CompanyYour Supply Chain
Your company relies on extensive supply chain networks to bring your products and
services to market
Each supply chain participant maintains their own records leading to multiple,
This current state process is:
Susceptible to errors
Vulnerable to manipulation of transactions
Your Company Supplier Regulator Distributor
IBM Blockchain provides a shared ledger with a single version of the truth
How does IBM Blockchain work?
IBM Blockchain delivers one single, transparent, immutable, scalable, real-time truth to all participants.
A wants to send
money to B
The transaction is represented
online as a “block”
The block is broadcast to every
party in the network
The money moves
from A to B
The block then can be added
to the chain, which provides
an indelible and transparent
record of transactions
Those in the network approve
the transaction is valid
The tenets of IBM Blockchain technology
Transactions are secure, authenticated and verifiable,
ensuring appropriate visibility
Append-only distributed system of record shared
across business network
All parties agree to network-verified transaction
No central point of control or ownership (no
Business terms embedded in transaction
database and executed with transactions
Benefits of IBM Blockchain adoption
and cyber crime
cycle time to
IBM Blockchain provides multiple use cases across the Chemicals value chain
Billing & invoicing errors
Product exchange accounting reconciliation
Asset life cycle management
Engineering Information Procurement in Capital
Shared Asset Management
Clients choose IBM because we are the only company who can bring together deep
Chemicals and Petroleum industry and process expertise with our cloud-based tools
and secure blockchain services to establish trusted blockchain networks and
We strongly believe in the value generation potential of blockchain and use it in our
own IBM Global Financing business.
The results speak for themselves; IBM Global Financing freed up 40% more capital
and decreased dispute resolution time from 75% with our solution.
Start planning for IBM Blockchain adoption now
…so you can become more productive now
and realize the unique benefits of Blockchain
Learn how you can increase your supply chain visibility through Blockchain adoption.
Visit www.ibm.com/blockchain/geetting-started.html for more information or to speak to a blockchain expert