Disrupting the Future of Procurement
SupplyBlock is an intelligent platform, powered by blockchain technology, that enforces end-to-end transparency and integrity, along with associated efficiencies and cost savings, to the entire competitive bidding and procurement process.
Our web-based platform connects bidders and suppliers to supply chain administrators in a secure and transparent environment, complete with best-in-class monitoring, tracking and bespoke reporting features. The system enforces accountability throughout the procurement process by assigning specific roles and responsibilities to all parties involved. The added efficiency the solution offers ultimately leads to lower risk, higher uptake and more competitive pricing.
The on-demand recovery of archived bid documents, an enhanced documentation matrix and holistic bid management functionality increases efficiencies throughout the procurement process.
SupplyBlock offers an efficient solution that automates the procurement process, including generic bid data which auto-populates and encourages active, current and relevant compliance.
More competitive and higher quality bidding is available due to the enhanced procurement process the system drives. This not only ensures that money is saved up front, but also negates the potential for re-spending because of inefficient suppliers.
SupplyBlock provides several pre-approved services and product offerings to selected beneficiaries, thereby removing all uncertainty and directly aligning spend in accordance with geographic and industry specific legal requirements (for example, B-BBEE in South Africa).
SupplyBlock is disrupting the competitive bidding industry:
Proactive and early warning notifications alert users of expiring documents, key cut-off dates and incomplete information—therefore enforcing easy compliance throughout the automated process.
Enhanced monitoring enables for the immediate notification, lock-out and blacklisting of users who abuse the bid process. This helps negate fraud and corruption at the source.
A fully documented audit trail, whereby data is stored on a privatized blockchain and bit-encrypted documentation is secured on the blockchain via a secure Content Delivery Network, further removes the potential for manipulation of records.
Remain competitive with key insights into all spending, bidding and advertising on the SupplyBlock platform, through best-in-class, bespoke reporting across the entire competitive bidding and procurement process.
Distributed ledger technology (DLT) provides evolutionary advantages in efficiencies, cost-savings, time savings and more, for both tender initiators and bidders across multiple industry sectors while smart contracts on the blockchain control the system’s process integrity.
SupplyBlock enforces end-to-end transparency and integrity, from procurement decisions to the validation of supplier ("bidder") qualification data, through to contract award and subsequent project monitoring.
Smart Token Functionality
Built in Smart Token functionality allows the ability to set up and select pre-approved suppliers and their services or product offerings. This removes uncertainty and directly aligns spend in accordance with geographic and industry-specific, legal requirements.
Platform configuration is easily customizable and offers specific components on a modular basis depending on the user’s unique requirements. All features and functions are designed to be user-friendly, impactful and efficient.
SupplyBlock tokens represent real credits that are use to back transactions within an internationally endorsed procurement solution on a day-to-day basis. This means that the value of the tokens is not simply underpinned by hype and promise, but by real-world business application and increased adoption of an already working technology that operates across multiple industries.
Why choose SupplyBlock tokens?
Enhanced token value
SupplyBlock will drive token value through everyday user adoption, including an existing pipeline of business that will be announced to market strategically.
SupplyBlock tokens are not just investment options. They also represent credits that are used within the SupplyBlock platform for transactional costs. The use of SupplyBlock Tokens on the blockchain further enables the auditability and transparency of the whole process.
By nature, SupplyBlock tokens can be used in different geographical locations and are not bound by local fiat currency limitations. This means that they can be used by any business, across borders, thus expanding their adoption and demand.
Unlike most tokens that are simply sold in order to raise funds, SupplyBlock tokens are underpinned by a developed solution that is lined up for use by large organizations.
We’ve established a world class team of experienced individuals which we are constantly adding to as we achieve our vision of revolutionizing the procurement industry.