collaborative commerce...treasury systems infosys-finacle cgi-twin temenos sap reval systems...
TRANSCRIPT
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Collaborative Commerce
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Skuchain: Private & Confidential
Problem:
A smart contract (Brackets) that governs all phases of a trade agreement from on-boarding to order, shipment, invoice and paymentwith Bank grade accounting of inventory.
aka Collaborative Commerce
Overview
Global supply chains are complex and lack visibility and trust preventing efficiency in the movement of goods and deployment of capital.
Solution:
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Skuchain: Private & Confidential
Supply Chain Management and Supply Chain Finance were designed to increase efficiency of the movement of goods and the deployment of capital against the end to end process but there is minimal visibility and trust between start and finish.
Activity
Documents
Order Production Completed Delivery Invoicing Inspection Payment
Initiation
P.O. Certifcates Bill of Lading Invoice Invoice
ApprovalsACH / Wire
MT700Updates
WIP Post Transaction
?
Supply Chain Finance starts too late in the process
The Transaction Actually Begins with the Po.
Post Payment There is minimal Visibility
Visibility into the Health or Quality of the Supply Chain is Minimal
Supplier On-Boarding
Tracking the origin of goods
Supply Chain Issues Today
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Skuchain: Private & Confidential
Deep Tier Supplier IssueSupply Chain issues are exasperated as supply chains spread from
Tier 1 to Tier 2 and Tier 3 suppliers.
Complex assemblies and subassemblies further
complicate the supply chain issues
Tier 1 Supplier
Tier 2 Supplier
Tier 3 Supplier
1. Assurance of Quality2. Assurance of Delivery3. Early warning of issues4. Real time updates5. Financing Options across the SC
Global Buyers Require:
Issues Increase
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Skuchain: Private & Confidential
Trade & Treasury Banks Corporates Tier 2
SuppliersTier 3
Suppliers
GoodsWorking Capital
MisysSurecomp
China SystemsPinnacle
SWIFTBolero.Net
BAFT
LEGACY SYSTEMS
INDUSTRY BODIESNEW WORKING
CAPITAL PLAYERS
Prime FinanceTauliaKyriba
Demica
TREASURY SYSTEMS
Infosys-FinacleCGI-TwinTemenos
SAPReval Systems
Commodities Suppliers
SUPPLY CHAIN SYSTEMS
KinaxisJDA SoftwareAmber Road
GT Nexus
Fragmented Solutions
No One Solution provides Visibility and Trust across the Supply Chain
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The BlockchainNew Technology New Possibilities
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Skuchain: Private & Confidential1991 1996 2001
Title Transfer
No Innovation in Trade Finance
2015
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Skuchain: Private & Confidential
What the Blockchain makes possible
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Skuchain: Private & Confidential
What:
Buyers: Get extended terms and assertion of quality and visibility.
Sellers: Get paid on time
Banks: New financing opportunities
B lockchain basedR elease of funds, that A reC onditionallyK ey-signed &ET riggered byS ignals
Introducing Brackets
Brackets tap the power of blockchains and the distributed ledger to allow supply chain ecosystem partners to enter into trustable agreements with each other
Value:
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Skuchain: Private & Confidential
• Utilizing the power of the blockchain allows Skuchain’s Brackets to deliver true Collaborative Commerce with full Visibility and Trust.
• The blockchain allows better data integration by utilizing data and meta-data instead of documents.
Scrip to cover T2 & T3
Suppliers
LC’s to cover cross-border shipments
Payables Financing
Inventory Financing
Track & TraceInsurance
Receivables Financing
Brackets
Collaborative Commerce
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BBOBlockchain Based Obligation
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BBO: Blockchain Based Obligation
KYC + Payment Obligation
Buyer Buyer Bank Skuchain Seller
Enter into a bracket
Seller Bank
Obligation Opportunity
BBO v. BPO- Ease of Integration
- Ease of Adoption
- Buyer is protcted
- Portability of Invoice and Financing
- Supply Chain and Deep Tier Financing
Ship Goods
ePresentationAcceptance
Debit Buyer
Discount Possibility
Settle based on terms
Discount Request
Pay Seller
Ack acceptance
SellersBank Finances
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Data LCIntegrate with SWIFT
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Create Bracket
Buyer Seller
Issue L/C w/ eUCP rules
Ship Goods
Buyer Bank accepts e-presentation Seller Paid
Buyer receives shipment immediately on arrival by presenting identification required on Sea Waybill
Receive Shipment
Pay in 60 days
Buyer- Pays in 60 days- US Bank finances
with low interest rates
2
Seller- Gets Paid
1
Skuchain: Private & Confidential
Data LC
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DTFDeep Tier Financing
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Skuchain: Private & Confidential
Deep Tier Financing & Inventory Financing
Supplier Tier 1 BRACKET$1,000,000
Tier 2 Supplier BRACKET$600,000Sub Supplier BRACKET
$200,000Sub Supplier BRACKET$160,000
Money
Goods
withCash Flow SCRIPST2 gets paid on shipment by T1 using Buyer supplied scrip
T2
T1
Buyer
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JITInventory Financing
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T+30 T+90Net 30
T+60 T+120T+0
Trader holds inventory
Brackets allow Large Buyers to
- Hold Inventory with Just In Time ownership
- Efficient Asset Turnover Ratio
Supplier
Raw
Global Trade120 day turn around
30 day inventory
18Skuchain: Private & Confidential
JIT Inventory Financing 1/2
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Big Box Buyer
works with
contract
SCmgr
shipments
S1
S2
S3
S43PL
accept shipment
sell to bank
receive funds
pay Supplier
C1 C2 C3shipments
accept shipment
pay bank
12
3
4
5
6
7
>
>
>>
>
>
>
>
19Skuchain: Private & Confidential
A set of Brackets elegantly manages this otherwise complex, expensive and difficult logistics and financing maneuver
JIT Inventory Financing 2/2
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Track & Trace
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Skuchain: Private & Confidential
Partial Solution for Tracking
Serialization is a process that can solve some Supply Chain Visibility issues.
However, Serialization comes with a number of issues:
1. it is Complex2. Expensive to implement 3. is Time consuming to integrate4. Partial solution
Serialization
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Skuchain: Private & Confidential
The Full Solution: Popcodes
Popcodes: Proof-of-Provenance Codes
Popcodes are - unique cryptographic codes - that OEM’s mint (like currency)- to track their SKU’s on a blockchain - as they travel through the supply chain
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Skuchain: Private & Confidential
Unique Cryptographic Codes
Sequential Numbers - makes labelling scale
Item 1- Manufactured in
Ireland- Date: 04/04/2016- Line: 23298- Value $23.97
Item 2- Manufactured in USA- Date: 03/17/2016- Line: 00978- Value $22.98
Item 3- Manufactured in
Croatia- Date: 12/06/2015- Line: 34342- Value $22.09
Item 4- Manufactured in USA- Date: 03/18/2015- Line: 00978- Value $22.98
Subassembly 1- Manufactured in Italy- Date: 05/04/2016- Line: 23298- Value $92.02
MetaData
Metadata on Each Popcode Unit
Value assigned to each item and assembly
Only the unlimited power of the Blockchain can give the depth of data required to deliver proof of provenance.
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Skuchain: Private & Confidential
Proof of Provenance In Action
Item 32- Manufactured in Ireland- Date: 09/13/2015- Line: 90241- Value $22.09 - Null
- Quality Issue: Deficient plating- Returned to plant 902- Rework not possible- Credit ($22.09)
UHF and NFC radio signals for easy confirmation
Mobile Device Bar Code Scan
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About Skuchain
25
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Skuchain: Private & Confidential
Why Skuchain?
Qualified Team
Current Working Product
3
4
5 Active implementation roadmap with Top 5 Banks Big 4 Accounting Biggest Insurance Company
6 Patent Applications
Quickly Deployable
- Built with Blockchain technology and cross ledger compatible
1
New Business
- Creates new business opportunities for Banks.
- Immediate payoff.
2
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Skuchain: Private & Confidential
Contact
+1 650-814-80811172 Castro StreetMountain View CA 94040 USA
http://www.skuchain.com