Case Study: ChainYard achieves faster, lower-risk supplier onboarding with LF Decentralized Trust and Hyperledger Fabric

ChainYard and IBM reduce new vendor risk & drastically cut onboarding from 60 to 3 days with Hyperledger Fabric

ChainYard partnered with IBM and leveraged the Hyperledger Fabric blockchain to tackle a significant industry-wide challenge: the slow and costly process of onboarding new B2B suppliers. For major corporations, this traditionally involved a 45 to 60-day cycle of manual verification, creating friction and risk in the supply chain. They sought to modernize supplier information management and create a new standard for corporate digital identities.

The solution was the Trust Your Supplier network, built and operated by LF Decentralized Trust. This platform creates a unique, verified digital identity for each supplier, which can be securely shared with any permissioned buyer on the network. The implementation by LF Decentralized Trust drastically reduced the vendor onboarding cycle from 60 days to just 3 days. It also cut the cost for buyers to verify and maintain supplier information by 50% and enabled sellers to achieve a much faster time to their first sale.

ChainYard

Gary Storr

VP