We’ve been looking towards blockchain technology for years in the hopes of enabling holistic traceability in smart supply chains and manufacturing networks. As the business sector becomes increasingly complex and decentralized, spanning across multiple manufacturing areas, factories, and even countries, smart contracts are the answer for creating timed supplier qualification certifications through tokens on the blockchain. They can connect to performance indicators in the smart contracts that govern it.
Since the general purpose of a smart contract allows for autonomous verification of qualification criteria and standards, it is ideal for supplier performance monitoring.
In un processo di onboarding, l’iter di acquisizione e verifica di un fornitore, può rivelarsi una procedura complessa, soprattutto quando sono richiesti controlli accurati o quando i livelli di personalizzazione di un’azienda sono alti. Si tratta di una procedura che di volta in volta può cambiare, per le specifiche esigenze dell’azienda o per le caratteristiche del fornitore.
When it comes to supplier onboarding and qualification, both enterprises and small and medium businesses benefit from having a process in place. You can optimize time spent onboarding suppliers and reduce errors with something as simple as automation. And one possible way is by leveraging smart contracts and blockchain technology.