Supply Chain Management
VerifyUnion has partnered with ASB Bank to present New Zealand's first Blockchain single trade window. All relevant documents required for a trade are uploaded, shared and validated within the platform's secure and private, permission-based Blockchain network: this will save days worth of work for all those involved in the supply chain – from Bank, Exporter, Shipping company through to Insurer, and Government agencies - and greatly reduce costs.
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, the Blockchain technology for business, incorporates a Consensus Algorithm of Proof of Authority where all consensus participants are known and reputable.