Trusted MultiParty Automation

Guardtime SCM allows multiple parties to automate complex business transactions between previously siloed ERP systems with  an immutable provenance trail that provides full accountability. Identities and the history of business processes may be independently verified by third parties such as regulators  and authorities.

Key benefits of Guardtime SCM with KSI blockchain

Use case

Multi-Party Trusted Customs Reporting for Processing Trade

Processing trade refers to the business activity of importing all or part of the raw and auxiliary materials, parts and components, accessories, and packaging materials from abroad in bond, and re-exporting the finished products after processing or assembly by enterprises within the country. Imported material/parts are either duty free or can qualify for tax credits. 

Customs processing trade rules are well defined but strict; it is under heavy regulation because of tax fraud potential. When the parties involved, (supplier, logistics, manufacturer), have disconnected ERP systems, there is a prevalence of inefficiency though manual processes and compliance errors on applications, without the ability to audit or remediate effectively. Without verifiable traceability in document and process flows, there is little accountability, and the brand owner usually suffers financially for inevitable mistakes in the customs application.

Guardtime SCM connects parties though its decentralised platform which has a common trust anchor. Automated business processes can be configured which produce a verifiable and auditable provenance trail around the customs applications. Digitisation and automation is enabled which reduces errors with minimal impact on existing systems. All parties are able to benefit from trusted business process provenance records containing identities and accountability for actions, which may be verified independently by third parties such as customs if required.

Recent Projects with Guardtime SCM
Guardtime wins a Chinese Shark Tank contest to Pilot an Automated Solution for Multiparty Trusted Customs Reporting

Guardtime was chosen by Chinaaccelerator for a shark tank pilot on behalf of a global consumer goods company to bring trusted automation and integration between siloed ERP systems for customs reporting in a processing trade supply chain."

Guardtime - World’s Leading Blockchain technology Company

If Google organizes the world's information and makes it universally available, then Guardtime validates that information and makes it universally reliable. We are a team of over 150 cryptographers, developers and security architects, with decades of experience defending networks from nation-state attack.

David Shorthouse

General Manager, Guardtime SCM

Mr Shorthouse Ph.D is an engineer by background with training in mathematical, computational and electrical engineering. Prior to joining Guardtime he had more than 25 years of experience in product and business development in derivatives, banking and insurance. At Guardtime David is engaged in the exploration and exploitation of KSI blockchain technology for supply chains, with particular focus on innovation and digital transformation.