Blockchain Solution for Supply Chain Finance from Mahindra and IBM

Indian-based company Mahindra Group and IBM have announced the development of a blockchain solution to transform supply chain finance across India by enhancing security, transparency and operational processes.

The cloud-based application is designed to utilise a permissioned distributed ledger to enable supplier-to-manufacturer trade finance transactions. This blockchain-based supply chain finance solution will enable all parties involved in the transaction to act on the same shared ledger, with each party updating only their part of the process to increase efficiency, consistency, trust and transparency, whilst safeguarding sensitive information.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM