Blockchain: Transformative power for business operations

THERE’S A TON OF VALUE

When companies exchange information with others in a value chain, complex, time-consuming processes are needed to reconcile that exchange.

Such processes are extremely inefficient and trap significant value.

Trapped in the processes companies use to do business together

BLOCKCHAIN IS A POWERFUL TOOL

For restructuring how companies work together to unlock that value

It’s a distributed, decentralized digital network that enables the exchange of value or the ability to confidently share data –including financial assets and contracts –in a secure environment.

With blockchain, traditional independent players can work together to streamline and integrate processes, all with controlled access to sensitive data, rather than relying on redundant, siloed systems.

RECONCILE

MESSAGING

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RECONCILE

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MESSAGING

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BLOCKCHAIN

TRADITIONAL

DATABASES

Overcomesthe limitationsof traditionaldatabase models

BLOCKCHAIN

SHARED

DATABASES


TRUST

Blockchain builds trust into every transaction via attributes not available in standard database models. So all parties having controlled access to a single, shared copy.

THE RESULTS

Increased security, greater

cost efficiency, and optimized

reconciliation processes.

BLOCKCHAIN


Blockchain eliminates process and data siloes –

freeing Intelligent Automation to expand and

flourish across the entire value chain to transform

business operations and communication among

multiple companies.

Applied Intelligence has been mainly applied to

traditional, repetitive processes within the four walls of

a company. Process and data siloes within companies

have limited its use and impact outside the organization.

…and generate even greater efficiencies

BLOCKCHAIN CAN SUPERCHARGE

INTELLIGENT AUTOMATION

BLOCKCHAIN

Enables companies toreinvent processes

Blockchain will enable an overhaul of

the capabilities that support how

companies interact with and act on

shared data.

BLOCKCHAIN

Improves productivityand quality

By working from a mutualized data source via blockchain, companies can trust or eliminate one-off data updates, exceptions, and reconciliations.

BLOCKCHAIN

Provides increased transparency among parties

By connecting data across the value chain, blockchain will provide transparency and real-time sharing,thus boosting trust and minimizing risk.

Improved efficiency and working capital in finance and accounting

Greater transparency across the supply chain

Less vendor riskin sourcing and category management

THREE OPERATIONAL AREAS

ARE PRIME CANDIDATES FOR BLOCKCHAIN

Blockchain’s impact on specific business operations and the broader value chain

Could transform procurement in the oil and gas industry

BLOCKCHAINPROTOTYPE PLATFORM

AN ACCENTURE

It digitizes the process oil companies use to buy maintenance, services, and materials for their well sites – a process that’s still largely manual, time-consuming, and inefficient.

Widespread adoption of such a platform by the industry could help oil and gas players reduce their cost structure to remain competitive in an era of low oil prices.

CREATE

WORK

ORDER

PERMIT

PROCESS

ACCEPT

WORK

ORDER

REVIEW

WORK

COMPLETE

WORK

RECONCILE

PAPERWORKPAY

BLOCK #1001

Equipment IDService Details

BLOCK #1002


BLOCK #1003


BLOCK #1004


BLOCK #1005


BLOCK #1006


BLOCK #1007


MOBILE APP

helps thefield supervisor

WEB APP

helps the vendor and the oil field’s back office

SERVICES TIER

helps vendors integrate

BLOCKCHAIN

gives each equipmenta service history record

01 Potential use cases,impacts, and benefits

BEGIN PLANNING

FOR BLOCKCHAIN

NOWA formal framework can help you identify

02How to approachBLOCKCHAIN

BEGIN PLANNING

FOR BLOCKCHAIN


03What you wantto accomplish

BEGIN PLANNING

FOR BLOCKCHAIN


04Whom you shouldcollaborate with

BEGIN PLANNING

FOR BLOCKCHAIN


How can BLOCKCHAIN help

you unlock trapped value in

your key operational processes?

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Blockchain: Transformative power for business operations

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