Innovate Parts: B2B Global Parts Exchange
Industry: Manufacturing & B2B Supply Chain
Client Overview: A B2B marketplace for industrial machine parts was
hampered by slow, expensive international payments and a lack of transparency in
parts sourcing. Cross-border transactions could take days to settle and involved
high currency conversion fees.
Testimonial: "Errna's solution transformed our operations. Using
stablecoins and smart contracts, we've cut our average transaction settlement time
from 3 days to 3 minutes. This has been a game-changer for our cash flow and our
global partners." - David Chen, COO, Innovate Parts
Our Solution
We re-engineered their platform to leverage blockchain for payments and supply chain
visibility.
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Stablecoin Payment Rail: Integrated a payment system using
USDC, allowing for near-instant, low-cost settlement of international invoices
without currency volatility.
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Automated Purchase Orders: Converted purchase orders into smart
contracts that automatically triggered payment upon verified delivery, tracked
via integrated logistics APIs.
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Permissioned Blockchain for Provenance: Created a private
consortium blockchain where trusted suppliers could immutably log the origin and
specifications of their parts.
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Analytics Dashboard: Built a real-time dashboard for buyers to
track their orders and verify the authenticity of parts on the blockchain.