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Blockchain distributed ledger
- 1. Blockchain Distributed Ledger For PalmOil Business
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- 3. Supply Chain –Palm Oil Business • Palm Estate • Produce Fresh Fruit Bunch (FFB) • Send FFB <24 hours to Palm Oil Mill using Transport Vehicle • Palm Oil Mill • Receive FFB from Palm Estate • Produce Crude Palm Oil (CPO) and Palm Kernel (PK) • Transporter • Bring FFB from Palm Estate to Palm Oil Mill • Send CPO to Buyer using Tanker • Send PK to Buyer using Truck • Buyer • Receive CPO and PK from Palm Oil Mill
- 4. Purchase and SalesContract • FFB Sales/Purchase Contract • Seller : Palm Estate • Buyer : Palm Oil Mill • CPO Sales/Purchase Contract • Seller : Palm Oil Mill • Buyer : CPO End User • PK Sales/Purchase Contract • Seller : Palm Oil Mill • Buyer : PK End User • Transportation Contract • Seller : Transportation Company • Buyer : Palm Estate and Palm Oil Mill
- 5. FFB Transaction/Ledger • PalmEstate (Sales Contract Value) • Debit : Account Receivable from Palm Oil Mill • Credit : FFB Sales • Palm Estate (Transportation Contract Value) • Debit : Transportation Cost • Credit : Account Payable to Transporter • Palm Oil Mill (Sales Contract Value) • Debit : FFB Receipt/Inventory • Credit : Account Payable to Palm Estate • Transporter (Transportation Contract Value) • Debit : Account Receivable from Palm Estate • Credit : Revenue from FFB Transportation
- 6. CPO/PK Transaction/Ledger • PalmOil Mill (Sales Contract Value) • Debit : Account Receivable from End User • Credit : CPO/PK Sales • Palm Oil Mill (Transportation Contract Value) • Debit : Transportation Cost • Credit : Account Payable to Transporter • CPO/PK End User (Sales Contract Value) • Debit : CPO/PK Receipt/Inventory • Credit : Account Payable to Palm Oil Mill • Transporter (Transportation Contract Value) • Debit : Account Receivable from Palm Oil Mill • Credit : Revenue from CPO/PK Transportation
- 7. Transaction Value • FreshFruit Bunch (FFB) • Sales : FFB Quantity * FFB Unit Price • Transportation : FFB Quantity * FFB Transport Unit Price • Crude Palm Oil (CPO) • Sales : CPO Quantity * CPO Unit Price • Transportation : CPO Quantity * CPO Transport Unit Price • Palm Kernel (PK) • Sales : PK Quantity * PK Unit Price • Transportation : PK Quantity * PK Transport Unit Price • Penalties/Deduction • FFB, CPO and PK Quantity subject to penalties/deduction after Quality Control Inspection
- 8. Distributed Ledger Automation •Fresh Fruit Bunch (FFB) • Truck with FFB -> WeighBridge (In) -> Quality Control -> Unloading -> WeightBridge (Out) • Approved by Palm Estate, Palm Oil Mill and Transporter -> Create Ledger on each party • Crude Palm Oil (CPO) • Empty Tanker -> WeighBridge (In) -> Loading -> Quality Control -> WeighBridge (Out) • Approved by Palm Oil Mill, CPO End User and Transporter -> Create Ledger on each party • Palm Kernel (PK) • Empty Truck -> WeightBridge (In) -> Loading -> Quality Control -> WeighBridge (Out) • Approved by Palm Oil Mill, PK End User and Transporter -> Create Ledger on each party • WeighBridge Automation (IOT) • WeighBridge Indicator can be connected directly to Computer and Internet to monitor FFB, CPO and PK realtime online
- 9. Distributed Ledger Automation •Fresh Fruit Bunch (FFB) • Truck with FFB -> WeighBridge (In) -> Quality Control -> Unloading -> WeightBridge (Out) • Approved by Palm Estate, Palm Oil Mill and Transporter -> Create Ledger on each party • Crude Palm Oil (CPO) • Empty Tanker -> WeighBridge (In) -> Loading -> Quality Control -> WeighBridge (Out) • Approved by Palm Oil Mill, CPO End User and Transporter -> Create Ledger on each party • Palm Kernel (PK) • Empty Truck -> WeightBridge (In) -> Loading -> Quality Control -> WeighBridge (Out) • Approved by Palm Oil Mill, PK End User and Transporter -> Create Ledger on each party • WeighBridge Automation (IOT) • WeighBridge Indicator can be connected directly to Computer and Internet to monitor FFB, CPO and PK realtime online