Presented at BiTA Symposium 2020. The presentation talks about Trust Your Supplier - A blockchain based supplier qualification and identity platform, how it was overlay-ed and integrated with IBM Sterling Commerce platform to qualify suppliers during the Covid-19 pandemic. It also talks about trusting your product in the supply chain using IoT, ML, Digital Identity and Smart Tags.
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TYS – Supplier Information Management Challenges
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• Difficult to ensure
supplier identity
• Hard to discover
quality suppliers
QUALIFICATION VALIDATION ON-BOARDING LIFECYCLE
• Cumbersome process
• Reliant on multiple 3rd party verifiers
• Costly, manual web checks
• Limited access to trusted supplier
certifications and history
• Limited integration
of SIM providers to
P2P/ERP systems
• Absence of real-time supplier
information updates
• Need for ongoing, multi-source
intelligence to assess third-party
risk
Existing technology limits ability
to receive real time updates
Siloed systems don’t work
across enterprises
TECHNOLOGY GAPDYNAMIC REGULATORY REQUIREMENTS
Need for increased supply chain
agility
Increasing compliance
requirements, audits, and penalties
SLOW AND INEFFICIENT PROCESS
Time to first transaction is often
30+ days
Suppliers provide nearly same
data to every buyer
Buyers independently manage
data which is often stale
4. BLOCKCHAIN-BASED SUPPLIER
INFORMATION MANAGEMENT
A Trusted Source of Supplier Information and
Digital Identity that simplifies and accelerates
Supplier Onboarding and Lifecycle Management
I have instant access to 360
degree pre-verified
onboarding supplier info
Buyer/
Procurement
I can provide
verification as a
service
Verifier
I only have to provide my
company info once
Supplier
I can verify the originality of the
certificates easily and build trust
Certificate Issuer
I can easily access info for
all auditing purposes
Auditor
I can build new apps using the
platform’s data and services
3rd Party Developer
Up-to-date client data
allows me to automate
onboarding &
maintenance plus offer
new services
Business Network
Provider
Supplier Information Management
Blockchain Network
Create a source of supplier
information and digital identity
using BLOCKCHAIN
Suppliers provide Buyers immediate
access to their data (regulatory,
compliance, legal etc.)
Simplify and accelerate Supplier
Qualification, Onboarding &
Lifecycle Management
~90%
Real-time updates
to supplier information
50+%
Reduction in cost to onboard
new supplier
70-90%
Reduction in cycle time to
onboard new supplier
Decentralized information sources
provide reliable data directly onto the
blockchain – validated by 3rd parties.
TRUST YOUR SUPPLIER
5. A NETWORK THAT BENEFITS ALL
PARTICIPANTS
Suppliers
• Simplifies Process
• Saves Expenses
• Speeds Onboarding
• Expands Opportunities
Buyers
• Provides Timely Data
• Reduces Cost
• Speeds Onboarding
• Minimizes Risk
Ecosystem Partners
• Service Marketplace
• New Business Models
• Offering Management
• Network of Networks Integration
6. Supplier Benefits – Do it Once, Do it Faster, Share with Many
Single Company Profile
Complete your TYS profile one
time then share with many,
saving you and your clients time
and money.
Data is Sovereign
You own and control your
information and choose with
how it will be shared.
Your Data is Secure
IBM Blockchain Platform ensures
your data is secure.
Eliminate Redundancy
Changes in your business will be
shared with all connected clients
instantly. Revision history is
maintained by the blockchain.
New Business Opportunities
There is an ever-growing network
of buyers present on TYS, bringing
new business opportunities to
your door.
Marketplace of Services
TYS has a growing list of partner
services to provide you
information to enhance your
business.
7. Business Networks Founding BuyersValidators
Governance Board
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IndustrialConsumer Telecom FinancialPharmaTechElectronicsLogistics Mining,Oil,GasAerospace Ecosystem
IBM and CHAINYARD Confidential
Trust Your Supplier – Who We Are…
Version 2020.5
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In-App products & services for the entire network
Data Marketplace
TYS is expanding into multiple geographies & languages
Globalization
Separate TYS platform for healthcare emergency onboarding
Rapid Supplier Connect
Network buyers have begun to invite & onboard suppliers
Inviting & Onboarding Suppliers
TYS has built out it's cross-industry Governance Board
Governance Board
Trust Your Supplier
Roadmap to the Future
9. Chainyard 2020 9
Rapid Supplier Connect
Enabling Trust Your Supplier to deliver PPE and other pandemic
imperatives to hospitals and health care organizations.
About
RapidSupplierConnect
• Quickly find trusted sources
of PPE from non-traditional
suppliers
• Utilize paymaster services
over blockchain to protect
financial transactions
• Identify bad actors
10. Confidential 10
War room for operational
execution to support business
and technical onboarding.
IBM Sterling Inventory Visibility and
Supply Chain Business Network enable
buyers and suppliers to have product
inventory visibility and assist in order and
fulfillment for scarce supplies.
Private TYS instance for non-traditional
suppliers accelerated, credentialed
onboarding to facilitate buyer matching.
Existing Blockchain Network Proven Supply-Chain Solution Rapid Operation Support Center
RapidSupplierConnect Rapid Supplier Connect
Leverages a scalable business network, proven solutions, and thoughtful
professionals