for industry with finance
a system that follows strict financial regulations has been designed
using "Corda", a distributed ledger technology created
from finance and provided by R3.
other traceability systems and
current production management
Until now, the relationship between industry and finance has only been able to evaluate organizations
based on annual financial statements and monthly trial balances.
However, a closer and more direct connection is necessary.
Revolution of Production
financial institutions can plan not only the number of stocks to be assessed but also in-process products
and semi-finished products that have been excluded from assessments so far.
If the production schedule and shipping schedule can be determined,
they can be considered as a financial object.
DX innovation by TaaS
TaaS is a system in which business records are stored in detail and the history is linked to the product as an added value. Therefore, it is expected to be applied to various businesses.
This mechanism, in which “information” is exchanged as value by TaaS, brings great innovation to existing business.
Sustainable business with TaaS
Because TaaS can record any business, it could be applied to the recording of non-financial information, which was previously difficult to report.
Here are some case studies on how TaaS can be used in various industries as a solution for the SDGs proposed by the United Nations.
Enable data linkage according to the demands of each stakeholder, including production, processing, distribution, retail, and customers using a distributed ledger system to unify work records. In addition, since it can support paperless work, it is expected to improve the work efficiency of each task. By sharing information histories and centralizing production management of crops, it is also expected to bring a possitive effect to traceability as well.
By utilizing the distributed ledger system, stakeholders’ operations related to financing can be digitized, and the time to completion and costs can be reduced. Also, if the network using this technology expands and information on corporate assets and collateral increases and an environment that enables real-time verification has been established, it is expected that there will be more opportunities to finance SMEs that have failed to obtain loans.
By assigning an account to the land and recording construction details and worker information, we aim for it to be able to store and relocate the land and building information in an aggregated state. As a result, paper-based reporting work and confirmation work, which are carried out every time by workers, will be reduced, improve work efficiency and realize a highly versatile trading platform.