Production Chemical Delivery Smart Contract Template

Production Chemical Delivery

Smart Contract automates approvals of vendor field tickets for production chemical deliveries using SCADA data.

Publisher

Data Gumbo

Current version

1.0

Last Updated

03-28-22

Use Case

Commodity Haulage

Cost

.333% total transactions monthly

Product Description

The Production Chemical Delivery Smart Contract automates approvals of vendor field tickets for production chemical deliveries using SCADA data, applies agreed pricing and business rules and creates configurable, pre-reconciled AR and AP invoices.  The smart contract automates the review, audit and approval of the charges, removing up to 95% of the manual touches required by existing digital (but manual) systems.  In field trials the smart contract has achieved up to 98.5% automation.


Features & Benefits

  • Integrates to any field ticketing, middleware or invoicing system via API
  • Integrates to any SCADA / IOT system via API
  • 95% reduction in manual processing time for tickets and invoices on both sides
  • Runs nightly to provide finality every 24 hours rather than every 2-4 weeks
  • Outputs can be pushed to ERP and other enterprise systems via API

Resources

Requirements

You must be a GumboNet blockchain user to deploy this smart contract template.

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