Block chain, with its fundamental characteristics - Transparent, Immutable, Provenance and Distributed, can transform many enterprise business processes besides the apparent relevance for disintermediation of financial transactions. Processes such as asset & inventory management across the supply chain, identity & access management of digital assets etc. will greatly benefit by applying Block chain technologies to reduce the overheads of reviews and approvals in the networked processes.
Hyperledger, an open source framework that make use of smart contract apps and companies aims at Hyperledger framework for improving accuracy and productivity using blockchain with advanced cross-industry collaboration. The only purpose of deploying hyperledger is to support open protocols over industries and plays intermediary role between digital communities
The worlds' commerce growth is at high threat with multiple risks and uncertainties like payment & delivery delays, process overheads, etc. However with substantial benefits of blockchain the trade finance industry can see impact on authentic delivery & payment process and transparent asset movement. Overall outcome will be increase in alliance, automation and transactions.Chivaro Infosystems’ blockchain solution to your finance domain can bring benefits in Budgeting & Forecasting, Reconciliations, Financial Audits, Vendor management and Managing shareholders.
Additional transparency is achieved when supply chain gets connected with blockchain. Supply chain is the process that begins with inspecting goods produced till delivering the same to end customer. With integration of blockchain, this process is made simpler with extra transparency. Every blockchain comprises of transactions recorded in distributed public ledger.