SupplyBlock is a blockchain-integrated procurement technology that reduces fraud, corruption and “irregular” expenditure. The technology enforces active compliance and operational resilience by providing a fully auditable and secure blockchain-enhanced technology platform. It is an open API based platform that enables secure and transparent collaboration, thereby enabling interoperability and integration into other Fintech platforms and ERP systems.

The technology removes much of the human intervention and associated inefficiencies by servicing the full procurement value chain, from supplier take-on & verification, pre-qualification, tender creation, bid submission (including supporting document validation), through to fully automated scoring and reporting.

Driving process and cost efficiencies, it seamlessly connects buyers and sellers in a secure, transparent and fully auditable environment, thereby ensuring better quality of bidders and more competitive bids, ultimately resul...
SupplyBlock is a blockchain-integrated procurement technology that reduces fraud, corruption and “irregular” expenditure. The technology enforces active compliance and operational resilience by providing a fully auditable and secure blockchain-enhanced technology platform. It is an open API based platform that enables secure and transparent collaboration, thereby enabling interoperability and integration into other Fintech platforms and ERP systems.

The technology removes much of the human intervention and associated inefficiencies by servicing the full procurement value chain, from supplier take-on & verification, pre-qualification, tender creation, bid submission (including supporting document validation), through to fully automated scoring and reporting.

Driving process and cost efficiencies, it seamlessly connects buyers and sellers in a secure, transparent and fully auditable environment, thereby ensuring better quality of bidders and more competitive bids, ultimately resulting in procurement savings. The technology solution aligns sourcing processes with complicated country specific macro requirements and challenges.

The technology offering is made up of various core applications, including:

Supplier Database Management – SupplyBlock technology solves problems associated with supplier verification, categorisation and active compliance. The system prompts suppliers into taking responsibility for maintaining and updating their own records in order to maintain an ongoing active, verified status. This includes proactive warning notifications that alert suppliers of expiring documents, key cut-off dates and incomplete information.

Competitive Bidding (RFX) - Through features such as automated scoring and full audit capability SupplyBlock is able to curb corruption and ensure bid integrity and transparency. It is an easy to use template driven platform that is scalable & customisable to suit clients’ needs. The technology limits risks associated with miss-spent funds through a comprehensive audit trail that tracks transactions on the blockchain.

SupplyBlock directly aligns with UN Sustainability goal 16 (substantially reduce corruption and bribery in all their forms), but has application across all SDG goals where procurement takes place.
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Employees

Stuart James
Admin
Stuart James CEO I specialise in blockchain applications and digital technologies that can solve global challenges.