TECH & AI
cost . We empowered the business stakeholders with accurate shipment visibility with the electronic travel authorisation details coming from another blockchain network in the ecosystem .
The distributed ledger automates the auto-maker ’ s :
• Existing business-process workflow
• Connected OEM-core supplier systems
• Third-party logistics providers
• Customs-handling agencies and banks
Dhuddu explains that this enabled real-time tracking of key data sets , such advanced shipping notices , bills of landings , bills of entry , goods receipts , and invoices . “ All the required shipping documents were digitised , and workflow was automated , reducing time and
Blockchain-based payments network targets pain points Tech Mahindra then created a payments ’ network that targetted pain points in accounts receivables and payables “ by creating smart contractbased automation to reconcile supplier and logistics providers ’ invoices ”.
“ This meant there was minimal manual intervention from the business users ,” says Dhuddu . “ All the transactions and audit trails were made available to all the participants .”
Panacea Blockchain also helped the auto-maker achieve efficiency around its minimum viable product ( MVP ), which is the version of a product that has just enough features to be usable by early customers , who can then provide feedback for future versions of that product .
Dhuddu says : “ For the MVR run , we on-boarded five global suppliers , a logistics provider , a customs clearance authority , and a trading company to consolidate orders and send the shipment to manufacturing plants in South Africa .
“ The onboarding process was templated to enable stakeholders to be onboarded quickly and effectively . This also meant that they had a business case to take to the extended ecosystem .” supplychaindigital . com 113