Industry • Use Cases
Procurement
Transforming Procurement Processes: DocChain’s Solution for Document Validation and Transparent Supply Chain Management
Documents
Use Cases in Procurement
Effective procurement is crucial for organizations to ensure the timely acquisition of goods and services while optimizing costs. However, traditional procurement processes often face challenges such as document integrity, traceability, and administrative burdens.
DocChain.io addresses these challenges and revolutionizes procurement operations. It helps you secure and validate relevant documents, such as business licenses, certifications, and financial statements. DocChain also enhances transparency in the supply chain by recording key information, such as product origin, manufacturing processes, and logistics details.
Purchase Orders
Create and store purchase orders, including details about the items or services being purchased, delivery schedules, and payment terms.
Proposal Request
Manage the RFP process, including creating and sending RFPs, receiving and evaluating proposals, and awarding contracts.
Quality Assurance Documents
Manage quality assurance-related documents, such as product specifications, inspection reports, and compliance certificates.
Invoices
Manage invoices and payments, including tracking payments and issuing receipts. Automatically trigger payments upon the fulfillment of specified criteria, eliminating intermediaries and reducing payment processing time.
Trust
Why on Blockchain?
Blockchain provides a transparent and immutable ledger where transactions or data records can be stored. By leveraging blockchain, you can establish trust and integrity for your mission critical processes.
Authentic
This helps to reduce fraud and streamline financial processes, while also ensuring the integrity and authenticity of financial documents.
Most Secure
Blockchain technology utilizes advanced cryptographic techniques to secure data and transactions.
Trackable
Every time a document is created, modified, or shared, a transaction is recorded on the blockchain.
Verifiable
Each document is assigned a unique identifier in verifiable QR code format, which can be scanned to verify directly with Org on Blockchain.
Immutable
Blockchain provides a transparent and immutable ledger where transactions or data records can be stored.
Digitally Notarized
Blockchain provides a decentralized and tamper-resistant method for verifying the authenticity and integrity of the document.
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