Blockchain across Oracle

Current state and inefficiencies

• A lack of end-to-end transparency in the supply chain.
• Paper data is difficult to verify (error prone, manual labor), which leads to multiple versions of the truth and major fraud, compliance, and audit risks.
• The lengthy processing time between the manufacturing of goods to when payment is received, for example 30–90 days after delivery, ties up the working capital of a business. (Working capital is calculated as current assets, for example, inventories and liquid assets, minus current liabilities, for instance, creditors).
• EDI messages need to be reconciled, and this normally takes place overnight.
• For everybody to understand the information, an international character set, for example, Roman characters, ...