HPCL To Use Blockchain To Verify Purchase Orders
Hindustan Petroleum (HPCL), India’s largest oil and gas company, is launching a blockchain system to automate the verification of purchase orders (POs). The company has partnered with Zupple Labs to integrate its blockchain-based digital credentialing technology, LegitDoc, into the purchase order system. This technology allows HPCL to issue digital POs to vendors without manual verification, and allows third-party verifiers to verify PO validity directly on the HPCL website.
HPCL has implemented a blockchain system to automate the verification of its purchase orders (POs) to external parties. The system integrates with HPCL’s internal e-PO, generating tamper-evident verifiable POs. These POs are dispatched to vendors, which can then be shared with third parties. Any third-party verifier can verify these POs on the HPCL vendor portal verification application. HPCL has been collaborating with Zupple Labs on the blockchain project for six months and will officially make the system official to vendors this month.
(With inputs from Shikha Singh)
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