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Corda for Supply Chain Management

Published: 2020-01-01

Organization: R3 Corda

Overview: Using Blockchain for Procure to Pay (Digital Ventures application built on Corda) has helped our suppliers reduce their processing times by 50%, from 70 minutes to 35 minutes per purchase order. It has also sped up invoice issuance and verification, so the procurement cycle for 1,600 items has come down to one day, from 39 days in the past.

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