Elemica and Crossinx Deliver Blockchain Pilot for Chemical Manufacturers
WAYNE, PA – Elemica, a digital supply network for process manufacturing industries, announced the completion of a successful blockchain pilot project between leading global chemical manufacturers as part of an innovation initiative testing new technologies that will redefine B2B processes and support digital transformation.
In the pilot program, Elemica and crossinx, a network for financial business collaboration solutions, exist as nodes on a public blockchain, connecting structured data with unstructured data, such as documents, to enable multi-tier payment. In the pilot, two large global chemical companies facilitated document and data transfer of invoices, purchase orders, delivery tenders and proof-of-delivery posts. With the ability to connect to a digital network, blockchain functionality can be made accessible to support a many-to-many connection of companies, facilitating payment processing.