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Asset-management-blockchain-solution-2019

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This document discusses how a global IT services company is transforming enterprise asset management with blockchain technology. The company aims to address challenges their clients face around siloed asset tracking systems, complex multi-system asset movement tracking, and delayed issue resolutions between partners. The proposed blockchain solution would create a single, auditable record of an asset and its transactions throughout its lifecycle, reducing irregularities and eliminating redundancies through integrated partner systems and automated checks, ultimately improving asset utilization for clients.

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1 A GLOBAL IT SERVICES COMPANY Transforming enterprise asset management with blockchain technology We turn blockchain into business results.
2 CONTEXT ABOUT THE CLIENT A leading American multinational information technology company headquartered in New York. • Operates in 170+ countries across the globe • Produces & sells hardware, software, and provides cloud hosting and consulting services INCREASE IN RETURN ON ASSETS where asset management systems are fully integrated. Blockchain solutions can further improve the returns significantly. 17% Manufacturing Shipping & Delivery MonitoringOrder Management Finance Contracts for supply of asset including transport Serialization of individual assets manufactured Bill of lading, transportation, delivery and installation Asset capitalization in financials for cost realization Asset utilization, health, usage, s/w installation pack and redistribution Audit & Compliance Audit reports and compliance adherence documents ASSET MANAGEMENT - SYSTEM OF RECORDS
3 CHALLENGES 3 Siloed System The supply-chain systems used by partners are siloed, and getting all partners to agree on the actual state of the asset is difficult Complex Tracking As the assets move from manufacturing to deployment and eventually disposal, tracking the movement of these items is complex across multiple systems Delayed Resolutions Resolving issues among partners is costly and creates delays, impacting customer satisfaction due to delayed service and revenue recognition Usage Monitoring Identifying non-compliance of assets usage and associated software is cumbersome
SOLUTION HIGHLIGHTS 4 BLOCKCHAIN LEDGER Blockchain acts as a single source of truth for an asset, tracking every change, so it is auditable, and transparent. PERMISSIONED The participating organizations are known and permissioned onto the blockchain network. DATA PRIVACY Authorized network members only see the details of their transactions which provides confidentiality and privacy. PROOF-OF-EXISTENCE Proof received for transactions and events of the asset are digitally hashed and recorded. EVENT DRIVEN The blockchain subscribes to external transactions and events via a client interface. SMART CONTRACTS Business rules governing the asset specifications and agreements are maintained on the blockchain. System of Record Receipts(POD, ASN) Inspection documents BOL shipping records Asset & Software usage monitoring USERS Plant order Serialized asset PROCESS WITH BLOCKCHAIN
SOLUTION ARCHITECTURE PARTICIPATING ENTITIES AND ENT. APPLICATIONS MESSAGING SERVICES CONNECTORS UI/UX REST CLIENTS BLOCKCHAIN NETWORKS Microservices REST APIs ORACLES MQHub, ESB Connectors Node Application Node SDK (Blockchain) Client Specific Local Database Shared Cloud Database java • Channels • Endorsements Policies • Ordering Service(s) • Private ledgers • Chaincode(s) 5
6 OUTCOMES IRREGULARITIES REDUCED in asset lifecycle events with proofs of transactions REDUNDANCIES ELIMINATED with automated proactive checks integrating all partners ASSET UTILIZATION IMPROVED with real-time and accurate monitoring of asset & software usage

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Asset-management-blockchain-solution-2019

  • 1. 1 A GLOBAL IT SERVICES COMPANY Transforming enterprise asset management with blockchain technology We turn blockchain into business results.
  • 2. 2 CONTEXT ABOUT THE CLIENT A leading American multinational information technology company headquartered in New York. • Operates in 170+ countries across the globe • Produces & sells hardware, software, and provides cloud hosting and consulting services INCREASE IN RETURN ON ASSETS where asset management systems are fully integrated. Blockchain solutions can further improve the returns significantly. 17% Manufacturing Shipping & Delivery MonitoringOrder Management Finance Contracts for supply of asset including transport Serialization of individual assets manufactured Bill of lading, transportation, delivery and installation Asset capitalization in financials for cost realization Asset utilization, health, usage, s/w installation pack and redistribution Audit & Compliance Audit reports and compliance adherence documents ASSET MANAGEMENT - SYSTEM OF RECORDS
  • 3. 3 CHALLENGES 3 Siloed System The supply-chain systems used by partners are siloed, and getting all partners to agree on the actual state of the asset is difficult Complex Tracking As the assets move from manufacturing to deployment and eventually disposal, tracking the movement of these items is complex across multiple systems Delayed Resolutions Resolving issues among partners is costly and creates delays, impacting customer satisfaction due to delayed service and revenue recognition Usage Monitoring Identifying non-compliance of assets usage and associated software is cumbersome
  • 4. SOLUTION HIGHLIGHTS 4 BLOCKCHAIN LEDGER Blockchain acts as a single source of truth for an asset, tracking every change, so it is auditable, and transparent. PERMISSIONED The participating organizations are known and permissioned onto the blockchain network. DATA PRIVACY Authorized network members only see the details of their transactions which provides confidentiality and privacy. PROOF-OF-EXISTENCE Proof received for transactions and events of the asset are digitally hashed and recorded. EVENT DRIVEN The blockchain subscribes to external transactions and events via a client interface. SMART CONTRACTS Business rules governing the asset specifications and agreements are maintained on the blockchain. System of Record Receipts(POD, ASN) Inspection documents BOL shipping records Asset & Software usage monitoring USERS Plant order Serialized asset PROCESS WITH BLOCKCHAIN
  • 5. SOLUTION ARCHITECTURE PARTICIPATING ENTITIES AND ENT. APPLICATIONS MESSAGING SERVICES CONNECTORS UI/UX REST CLIENTS BLOCKCHAIN NETWORKS Microservices REST APIs ORACLES MQHub, ESB Connectors Node Application Node SDK (Blockchain) Client Specific Local Database Shared Cloud Database java • Channels • Endorsements Policies • Ordering Service(s) • Private ledgers • Chaincode(s) 5
  • 6. 6 OUTCOMES IRREGULARITIES REDUCED in asset lifecycle events with proofs of transactions REDUNDANCIES ELIMINATED with automated proactive checks integrating all partners ASSET UTILIZATION IMPROVED with real-time and accurate monitoring of asset & software usage