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.
2. 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
3. Your CustomersYour CompanyYour Supply Chain
Engineering Regulators
Exploration &
Production
Procurement
Joint
Ventures
Suppliers
Partners
Distributors
Customer
B
Customer
D
Customer
C
Customer
A
Your company relies on extensive supply chain networks to bring your products and
services to market
4. Each supply chain participant maintains their own records leading to multiple,
inconsistent ledgers
This current state process is:
Time-consuming
Inefficient
Expensive
Susceptible to errors
Vulnerable to manipulation of transactions
Your Company Supplier Regulator Distributor
5. Joint
Ventures
Partners
Suppliers
IBM Blockchain provides a shared ledger with a single version of the truth
Your Company
Construction
Management
Your Customers
Engineering
Regulators
Procurement
Customer
B
Customer
D
Customer
C
Distributors
Customer
A
6. 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
7. The tenets of IBM Blockchain technology
Privacy
Transactions are secure, authenticated and verifiable,
ensuring appropriate visibility
Shared Ledger
Append-only distributed system of record shared
across business network
Consensus
All parties agree to network-verified transaction
Distributed
No central point of control or ownership (no
shared server)
Smart Contract
Business terms embedded in transaction
database and executed with transactions
8. Benefits of IBM Blockchain adoption
Increased
transaction
visibility
Less overhead
and cost
intermediaries
Benefits of
Blockchain
Adoption
Decrease in
tampering, fraud
and cyber crime
More efficient
transactions
Reduced cash
cycle time to
almost
instantaneous
Increased trust
9. IBM Blockchain provides multiple use cases across the Chemicals value chain
Billing & invoicing errors
Product exchange accounting reconciliation
Joint Venture
Asset life cycle management
Engineering Information Procurement in Capital
Projects
Incident reporting
Shared Asset Management
10. Why IBM?
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
solutions.
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.
11. Start planning for IBM Blockchain adoption now
…so you can become more productive now
and realize the unique benefits of Blockchain
adoption
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