Case Study: IBM reduces supplier onboarding from 60 to 3 days with Hyperledger Fabric

IBM cuts supplier onboarding from 60 to 3 days with Hyperledger

IBM faced a significant challenge with its slow and costly process for onboarding new B2B suppliers, which took up to 60 days and involved extensive manual verification of business information. To modernize this supplier information management and reduce risk, IBM partnered with the vendor Hyperledger and used their Hyperledger Fabric framework to build a new solution.

The solution implemented was the Trust Your Supplier network, a blockchain-based platform that creates a verified digital identity for each supplier. This allowed IBM to drastically cut its onboarding cycle time from 60 days to just 3 days. For buyers, the Hyperledger solution is projected to reduce the cost to verify and maintain a supplier’s information by 50%, while sellers benefit from a much faster time to their first sale.

IBM