Supply Chain Management
VerifyUnion has partnered with ASB Bank to present New Zealand's first bank blockchain single trade window. All relevant documents required for a trade are uploaded, shared and updated within the secure Blockchain Platform, this will save days worth of work for all those involved in the supply chain – from Bank, Exporter, shipping company to Customs, Ministry for Primary Industries and Maritime New Zealand.
It is a digitised, automated trade process and documentation platform that is both secure and transparent. Trading on this platform means full provenance and immutability with a single point of truth. Hyperledger Blockchain Technology is used with a consensus algorithm and Proof of Authority.