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