Blockchain (Part 2): Concrete use cases

In part 1 of our blockchain in procurement series, we outlined what a blockchain is, what it can do and how procurement could use it. In part 2, we examine concrete ways that vendors currently use blockchain to enhance procurement practices.

We explore some of the ways in which blockchain technology is already transforming the procurement space, including financing, smart contracts/contract lifecycle management, payments, digital identities and document tracking use cases. In part 3 will exlore the theoretical use cases of blockchain technology in procurement.