Presentation about "Trust Your Supplier", a Chainyard solution to enable supplier qualification on a permissioned shared ledger. TYS is implemented on Hyperledger Fabric and works on a permissioned blockchain. It is one of largest consortium evolving in the supply chain space. If you need more info on TYS, SSI, BITA Party Object or just more info on Chainyard, email me at mohan@chainyard.com
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Chainyard BITA TYS presentation v0.1.11042019
1. 1
Trusted Source of Supplier Information and Digital Identity
Copyright Š 2018 CHAINYARDâ˘ď¸
TYS Business Entity Model & BiTA Party Object
November 14, 2019
2. By way of introduction
Alex Rosen â VP of Business Development
In partnership with IBM and over 10 major businesses we are
launching the Trust Your Supplier (TYS) network for supplier
onboarding and management.
Mohan Venkataraman â CTO of Chainyard
As a digital passport for Suppliers, we are working with IBM and
Partners to implement Supplier Digital Identity based on W3C evolving
standards.
Copyright Š 2018 CHAINYARDâ˘ď¸2
4. Copyright Š 2019 CHAINYARDâ˘ď¸
About CHAINYARD
24+ Projects
4 in Production
2+ in Pilot Phase
3+ Projects > 18 Months
Morrisville, NC, USA Based
WE TURN BLOCKCHAIN INTO BUSINESS RESULTS
â Deep expertise in Enterprise Blockchain adoption & solution
implementation
â Key contributor with IBM to the Hyperledger Fabric platform
â Pre-built components, frameworks and tooling to accelerate
project delivery and improve ROIs
â Production solutions in multiple domains â Supply Chain,
Manufacturing, Transportation, Logistics, Financial Services, Asset
Management, and Procurement
â Expertise in Consortium Building and Governance
â Members of The Linux Foundation, Hyperledger and Blockchain in
Transport Alliance (BiTA)
5. Copyright Š 2018 CHAINYARDâ˘ď¸
Create a
Trusted Source of Supplier
Information and Digital
Identity
O B J E C T I V E
Supplier Onboarding and Lifecycle Management
that simplifies and accelerates
Reduce
Cost
Mitigate
Risk
Shorten Cycle
Time
Create
TrustA Single SSI based Supplier Digital Passport
6. 6
SUPPLIER MANAGEMENT CHALLENGES
6
⢠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 donât 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
7. TRUST YOUR SUPPLIER
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
platformâs 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 â
validated by 3rd parties.
8. TRUST YOUR SUPPLIER â VALUE PROPOSITION
BUYERS
⢠Faster access to validated supplier information
⢠Realtime supplier information
⢠Cost effective supplier onboarding process
⢠Reduced risk and enhanced regulatory compliance
TRUSTED ANCHORS
⢠Governance Council membership
⢠Guide network evolution and product roadmap
⢠Seed the network with supplier base
⢠Provide Industry SME and Thought Leadership
⢠Recruit other Buyers to join network
BUSINESS NETWORKS & 3RD PARTY DEVELOPERS
⢠Potential for integration via APIs
⢠New & consolidated distribution channel
⢠Provides differentiated add-on data & insight services
⢠Enhanced performance of existing solutions
⢠Referral share potential
AUDIT / COMPLIANCE
⢠Easy, trusted access to supplier compliance data
⢠Substantiates credibility & compliance of network members
⢠Provide data and reporting on suppliers
⢠Enforcement of legal and regulatory framework
VERIFIERS & CERTIFICATE ISSUERS
⢠New, consolidated distribution channel
⢠Simplified transaction base (single invoice/collection)
⢠Share of new revenue / payment for service
⢠Provide validated information to network
OWNER/OPERATOR
⢠Establish and operate network (performance,
security)
⢠Oversee evolution of network
⢠Provide Governance Council leadership
⢠Oversee Portfolio, Investment, & Financial
Performance
SUPPLIERS
⢠Easy discovery to network Buyers
⢠Reduced cycle time, cost, and effort to onboard
⢠Provide real time information updates to buyers
Copyright Š 2018 CHAINYARDâ˘ď¸
9. 9
TYS Network Status Chart
9
⢠11 out of 14 Governance Founding members
spots filled
⢠4 Founding members spots filled
⢠Supplier on-boarding started in USA
11
Governance Founding Members
4
Founding members
100+
Suppliers Invited
4
Verifiers / Raters
4
Business Networks
11. TrustYour Supplier â Why Blockchain
Conventional Systems are open to error, fraud and inefficiency
⢠In conventional systems each participant has his own, separate database, or ledger
â increasing the possibility of human error or fraud
⢠Shared databases cannot prevent malicious activity. Hacked entities can corrupt or
destroy data in the shared database, making it invalid for everyone involved.
⢠Reliance on intermediaries for validation creates inefficiencies
⢠Often laden with manual processes, resulting in frequent delays and inefficiencies
Blockchain is designed for trust and secure trading
⢠Single, shared, tamper-evident ledger â once recorded, transactions cannot be altered
⢠Provides levels of error checking and transaction validity not obtainable in regular
shared databases.
⢠Data is guaranteed to be valid and reconciled against the data held by the others
participating on the Blockchain.
⢠Immutably records all details of a transaction end-to-end, reducing vulnerabilities.
Blockchain Provides a Trusted, Common, Single Version of the Truth
Copyright Š 2018 CHAINYARDâ˘ď¸
12. Copyright Š 2018 CHAINYARDâ˘ď¸12
The BiTA Party Business Object
⢠The Party is a fundamental
business object
⢠They are involved with
various processes in the
transportation network and
the supply chain
⢠Party can represent the
following personas such as
⢠Shipper, Recipient,
Consignee, Payer,
Broker, Carrier and/or
Logistics Provider
13. Copyright Š 2018 CHAINYARDâ˘ď¸13
The TYS Business Entity Data Architecture
⢠TYS Isolates the Supplier Data Attributes into the following Categories
Publicly
Shared
Supplier
Data
Membership
Credentials
Data
PII
Data
(Encrypted)
Application
Specific
Data
Privately
Shared
Supplier
Data
Off-Chain
Blockchain
Public
Securely
Shared
Data
14. Copyright Š 2018 CHAINYARDâ˘ď¸14
TYS Information Model
⢠Business Entity
⢠Contact
⢠Address
⢠Ownership
⢠Relationship
⢠Document
⢠Financials
⢠Questionnaire â
Response
⢠Verifications
⢠Credentials
⢠Digital Identities
⢠Verifiable Credentials
Tax Registration ID
Tax Registration
Document
DID Document
Verifiable Credentials
Document
15. The TYS Decentralized Identifier (DID)
DID with Base58 or Base64 Encoding
did:tys:<left 20 bytes(sha256_hash(did_public_key)
did:tys:2XhdfxCGMpz7MHEKBwbadCZd6aBd
Scheme
Namespace
Namespace Specific
Identifier
DID Document
Globally Unique Identifier that resolves to DID Document
Copyright Š 2018 CHAINYARDâ˘ď¸15
16. ⢠DID : Digital Identity representing an Individual, Organization or Thing
⢠Pairwise DID : Digital Identity associated with a Relationship, and resolves to a private
DDOC document; (can be public) stored on sideDB or a private channel
Digital Identities in TYS
Supplier
(Holder)
Trust Anchor
(Verifier)
Supplier DID: did:tys:2XhdfxCGMpz7MHEKBwbadCZd6aBd
Insurer
(Issuer)
Relationship : did:tys:2CedfxABpz7MHEKBwbadFFd6aBc
Points to a private DID Documentissues
Insurance
Certificate
attests
Buyer
(Relying Party)
trusts
Copyright Š 2018 CHAINYARDâ˘ď¸16
17. DIDs and
Blockchain (TYS)
Own and Control Your Identity
Digital credential
Credential Provider
(Issuer)
Supplier
(Holder)
Issue
Receive Present
validate
Verify
(Verifier)
Buyer
(Relying Party)
TYS, TYS Integration, DID and DID Resolver API
Permissioned
Ledger Uploadpre
issuedcredential
http://www.tys.com/credentials/1490
Copyright Š 2018 CHAINYARDâ˘ď¸17