Blockchain for Procurement
Discover how web3 is emerging in the Procurement industry.
Companies we’ve helped with their web3 strategy
What challenges face the Procurement industry?
The Procurement industry faces a few key challenges including: Invoicing, Financing and Coordination.
Manual invoicing processes can lead to delayed payments and record-keeping errors.
Insufficient financing can stifle business growth, impede new project investments, and obstruct financial obligations.
Lack of coordination can lead to inefficiencies, confusion, and miscommunication in work processes and project management.
Blockchain technology could change our world more than people imagine.
Jack Ma
CEO, Alibaba
What are use cases for blockchain in the Procurement industry?
Blockchain can be used to solve problems in the Procurement industry including Compliance, Asset Custody and Allowlists.
Blockchain can be used for compliance purposes, offering a transparent and immutable record of transactions, ensuring regulatory requirements are met, and reducing the likelihood of fraud and errors.
Blockchain technology can be employed for asset custody, offering a tamper-proof and transparent ledger that securely records ownership and asset transfers, eliminating the need for intermediaries and reducing fraud risk.
Blockchain technology can be used to establish a secure and transparent system for managing allowlists, thereby ensuring accurate and tamper-proof access control.
How can Alchemy help Procurement companies with their blockchain strategy?
Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Healthcare companies plan, build, and scale new blockchain initiatives.
Alchemy Webhooks is a best-in-class feature that allowed us to deliver the best push notifications for Ethereum while minimizing upkeep and engineer hours. We estimate we save $240,000 each year with Alchemy Webhooks.
Wayne Cheng
CTO, Rainbow
