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Blockchain Based Procure to Pay Solution Development Services

Accelerate the procure to pay cycle on a Blockchain platform for enhanced management of goods, services and resources.

Dunitech's Approach - Blockchain Solution for Procure to Pay

Blockchain technology can disrupt the PTP process and provide operational benefits like better transparency, security, and efficiency in transactions. Furthermore, blockchain in procurement can decrease the workload of streamlining by automating the exchange of information.


We harness blockchain technology for procure to pay, to create a solution that covers the entire spectrum of PTP processes – from scanning and processing invoices, data management, funds management to ensuring on-time payment while minimizing value leakage and reducing cost of operations. Our blockchain procurement solution development services deliver business value to our clients by helping them achieve the following:



Easy User Onboarding

Blockchain-driven KYC or digital identity verification process accelerates user onboarding and provides a centralized repository of verified user documents that can be easily accessed by the requester.

Improved Validation and Authentication

Blockchain enables quick distribution of authentication rights along the procure-to-pay chain, thereby enabling fraud prevention and augmenting security across the PTP process.

Invoice Processing

The exchange of invoices using the blockchain technology enables shared access to the database and eliminates the need for invoice scanning. The authorized parties can review transactions without reconciliation.

Accelerated Settlements

Complete transparency and real-time access to the shared database eliminates the need for reconciliations. This can potentially transform the business practices, like the standard D+30 days settlement time.

Greater Trust among Stakeholders

The shared public IDs, fair ratings assigned to market players based on the quality of products, reliability in delivering, and timely payment of invoices, and transaction history bring trust and transparency to the PTP process.

Reduced Money Laundering Risk

With real-time access to permanently retaining, tamper-free historical information about payments, it becomes easier to identify suspicious transactions and alleviate the risk of money laundering.

Our Software Modules Include



Admin Panel

  • Shows data-rich dashboard, buy-sell transactions, send-receive transactions
  • Provides a real-time view of the exchange and transactions
  • Exhibits user details
  • Provides real-time reports about users, transactions, and revenue
  • Enables the management of user profiles, funds transferred, and tokens created and distributed

Exchange

  • Crypto-to-fiat trading
  • Order book to view buy-sell prices of crypto assets
  • View open orders
  • 24-hour order history
  • Monitor real-time trading prices
  • Transaction history

Wallet

  • Provides real-time view of transactions
  • Enables management of different crypto wallets
  • Displays balance of all cryptocurrencies, tokens, and fiat currencies

Smart contract

  • Enables the creation of ERC20 tokens for payments
  • Manages the supply of tokens
  • Facilitates automatic transfer of tokens to users wallets
  • Manages the burning of tokens

Security Features of our Blockchain Procurement Solution

We fortify our blockchain-based supply chain solution with multi-layer security to ensure secure processes across the PTP chain.



HTTP Authentication

We leverage secure HTTP Authentication tokens, such as OAuth for user authentication.

Data Encryption

The encryption of data transmitted over the network safeguards user credentials and other confidential information.

Jail Login

It helps prevent multiple failed login attempts for a specific time.

Anti-Denial of Service (DoS)

It protects our blockchain procurement solution from large requests to the server.

Cross-Site Request Forgery (CSRF) Protection

It safeguards our solution against state-changing requests and other unwanted user actions.

Server-Side Request Forgery (SSRF) Protection

Protects internal systems from attacks sent from pregnable web applications.

HTTP Parameter Pollution Protection

Protects against web attacks that send an HTTP request to access hidden information.

Escrow System

A smart-contract-driven escrow system enables secure transactions between parties.