Did you know about

?

The blockchain and

  are changing the ease and speed of compliance

In a world without

HK Construction uses IBM Maximo to manage its inventory, human resources, and vendor contracts

One of its suppliers did not deliver half of the hammers HK ordered 

One bad day...

HK human resources database was revealed with sensitive employee information

Inspectors found incorrect labelling of toxic elements and fined HK $1M.

In a parallel  universe....

There is 

(Smart Contracts On Permissioned Immutable Computers)

HK Construction integrated

IBM's Maximo with

Regulatory checks were proactively driving allowance of transactions, data sharing, and supply labeling.

HK Contrstuction was largely immune from human error, traditional computer hiccups, and malicious intent

With 

With scopic, HK performed more efficiently with assurance of fair-play, security and accuracy

Zero fines

Zero lost inventory

Zero legal liability

How did scopic and blockchain technology solve these problems?

scopic with blockchain is a

Decentralized

Immutable

Computer

Secured

that can ensure business processes run always as intended based on laws, mandates and organizational directives

A financial scopic held funds as an automated escrow for HK. It only will issue payment when goods are delivered, creating an assurance between the HK and vendors

This scopic issued penalty payments to HK for opportunity costs when there was a delivery failure

A cyber security compliance scopic ensured HK was compliant with security standards

In the event that data was leaked via verified breach, a data loss insurance claim was automatically filed by the scopic and HK awarded funds in minutes

The scopic inside the tracking and labeling device and the shipping SCOPIC on the blockchain ensures HKs packages are labeled correctly and comply with updated regulations set by multiple authorities

making them immune to errors and tamper-proof

HK Construction also has regulatory guarantees of compliance in areas such as:

Supply Chain Awareness

Financial Asset Management

Internal Approvals Processes

Personnel Diversity

Staff Safety Maintenance

Segregated, yet interconnected, permissioned blockchains and scopics make  enterprises and those around them smarter

Get a smart integration with

on blockchain

Learn more about 

thinkathon.io

@