OLWay:
the supply chain ecosystem

OLWay is an ecosystem that connects works, suppliers, carriers and customers in a single network allowing its participants to track & trace an entire path of order, payment and delivery flows.
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About OLWAY

IoT Sensors

IoT sensors page

Products

Products page

Orders

Order page

Ledger Explorer

Ledger Explorer

Benefits

Invoicing & payment

Invoicing & payment

  • Speed and scalability
  • Transparency
  • Disintermediation
Goods delivery

Goods delivery

  • Fraud reduction
  • Traceability and visibility
  • Provenance
  • Decentralization
Settlement terms

Settlement terms

  • Automated settlements, reduced admin costs

Industries

Development & Construction
Development
& Construction
Healthcare
Healthcare
Warehousing
Warehousing
Manufacturing
Manufacturing
Mining & Milling
Mining & Milling
Agriculture
Agriculture
Automotive
Automotive
Retail
Retail

How It Works

How It Works How It Works How It Works
Manufacturer
Docs
  • Certificate of origin
  • Batch numbers
  • Processing data
  • Barcodes
  • Shipment dates
Supplier
Docs
  • Packing list
  • Order number
  • Batch number
  • Production data
  • Shipment specification (DIMS)
Logistics
Docs
  • Bill of lading
  • Routing instructions
  • Shipment date
  • Commodity description
Long-haul carrier
Docs
  • Packing list
  • Bill of lading
  • Certificate of origin
  • Commercial invoice
  • Clearance note
Customs Agent
Docs
  • Delivery signature
  • Temperature
  • Shipment status
Warehouse
Docs
  • Routing instructions
  • Pick date
  • Packaging
  • Specifications
  • Packaging barcode
Short-haul carrier
Docs
  • Receive date
  • Invoice number
  • Customer ID
  • Shipment status
  • Delivery receipt
Buyer

Challenges We Solve

Challenges We Solve Challenges We Solve Challenges We Solve Challenges We Solve

Workflows:

manual effort-intensive, costly and prone to human error, duplication and delay

Adaptability:

without process visibility, adaptation cannot be data-driven or adequately managed

Costly legacy processes:

hard-copy payment and admin procedures create invoice, billing and procurement costs

Asset delivery tracking:

multiple proprietary tracking tools and protocols fragment journeys

Security:

supply chain cyberattacks and invoice scams grew 78% in 2018, according to Symantec

Upkeep:

SAP-based solutions require expensive regular maintenance

In a SAP study, respondents said they think blockchain will:

Impact corporate compliance

Become the system of trust

Replace operational supply chain contracts within 3-5 years

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Solution

Solution Solution Solution Solution
Server side
  • Internal server or cloud installation
  • Data stored on blockchain, protected by cryptography and block-producing consensus algorithm
  • Each transaction is signed with an unforgeable private key
  • Data sent to the blockchain is automatically checked for regulatory compliance
  • Permissioned, modular encryption controls and monitors data access
  • Physical items can be identified by RFID tagging, serial numbers, QR and barcodes, then tracked and processed by the system
  • Simultaneous data reconciliation, 0% downtime
Business side
  • Transaction platform and immutable, transparent and auditable source of truth
  • Infrastructure costs are shared among participants, resulting in lower security and data integrity costs
  • All state-change messages (such as delivery confirmation and invoices) are recorded as time-stamped, verified transactions
  • Private messaging secured with asymmetric cryptography ensures security
  • Single document version accessible to all participants eliminates document sharing, duplication and omission
  • Server Side
    • Internal server or cloud installation
    • Data stored on blockchain, protected by cryptography and block-producing consensus algorithm
    • Each transaction is signed with an unforgeable private key
    • Data sent to the blockchain is automatically checked for regulatory compliance
    • Permissioned, modular encryption controls and monitors data access
    • Physical items can be identified by RFID tagging, serial numbers, QR and barcodes, then tracked and processed by the system
    • Simultaneous data reconciliation, 0% downtime
  • Business Side
    • Transaction platform and immutable, transparent and auditable source of truth
    • Infrastructure costs are shared among participants, resulting in lower security and data integrity costs
    • All state-change messages (such as delivery confirmation and invoices) are recorded as time-stamped, verified transactions
    • Private messaging secured with asymmetric cryptography ensures security
    • Single document version accessible to all participants eliminates document sharing, duplication and omission

Comparison of Existing Workflows

to modern, blockchain-based solutions on the example of OLWay

Manual, paper-based Non-blockchain BPM OLWay blockchain BPM
Workflow Paper-based, around 3 originals required per action Paper plus digital processing, decreasing transparency and speed Cross-entity workflows with time-stamp and private key signing. No duplication, reduced costs
Document auditing Regular manual hard-copy audits; prone to error Regular manual hard-copy and digital audits; prone to error Automated auditing, immutable audit trails
Processing mode Sequential; process delayed by document transit Sequential; process delayed by document transit Parallel: all parties securely access single document version
Processing time Up to several weeks for manual document transport, signage, verification and storage Up to several days; hard-copy reliance and friction between multiple digital systems slows processing Just hours. All participants access relevant documents, approval by smart contract, private key signing
Process tracking Near-impossible, direct communication between participants Partly traceable, but fragmented; each participant tracks their own documents Inherently automated; each transaction is timestamped and added to a block
Automation Impossible: physical paperwork, handled manually Single-party automation; cross-party automation difficult and slow Some processes inherently automated; nearly all replicable processes can be automated by interlocking smart contracts
Security Physical only, prone to human error, theft and fraud Internal security good, but filesharing systems and human administrators prone to attacks and leaks. Hard-copy element also vulnerable Cross-party security seamlessly administered by encrypted, permissioned blockchain
Costs and losses Human effort means high costs and high risk of errors leading to losses Reduced internal workflow costs, but friction and costs rise rapidly as more parties become involved Radically lower costs through secure decentralization, insurance against losses through cryptography
  • Workflow

    Manual, paper-based Paper-based, around 3 originals required per action
    Non-blockchain BPM Paper plus digital processing, decreasing transparency and speed
    OLWay blockchain BPM Cross-entity workflows with time-stamp and private key signing. No duplication, reduced costs
  • Document auditing

    Manual, paper-based Regular manual hard-copy audits; prone to error
    Non-blockchain BPM Regular manual hard-copy and digital audits; prone to error
    OLWay blockchain BPM Automated auditing, immutable audit trails
  • Processing mode

    Manual, paper-based Sequential; process delayed by document transit
    Non-blockchain BPM Sequential; process delayed by document transit
    OLWay blockchain BPM Parallel: all parties securely access single document version
  • Processing time

    Manual, paper-based Up to several weeks for manual document transport, signage, verification and storage
    Non-blockchain BPM Up to several days; hard-copy reliance and friction between multiple digital systems slows processing
    OLWay blockchain BPM Just hours. All participants access relevant documents, approval by smart contract, private key signing
  • Process tracking

    Manual, paper-based Near-impossible, direct communication between participants
    Non-blockchain BPM Partly traceable, but fragmented; each participant tracks their own documents
    OLWay blockchain BPM Inherently automated; each transaction is timestamped and added to a block
  • Automation

    Manual, paper-based Impossible: physical paperwork, handled manually
    Non-blockchain BPM Single-party automation; cross-party automation difficult and slow
    OLWay blockchain BPM Some processes inherently automated; nearly all replicable processes can be automated by interlocking smart contracts
  • Security

    Manual, paper-based Physical only, prone to human error, theft and fraud
    Non-blockchain BPM Internal security good, but filesharing systems and human administrators prone to attacks and leaks. Hard-copy element also vulnerable
    OLWay blockchain BPM Cross-party security seamlessly administered by encrypted, permissioned blockchain
  • Costs and losses

    Manual, paper-based Human effort means high costs and high risk of errors leading to losses
    Non-blockchain BPM Reduced internal workflow costs, but friction and costs rise rapidly as more parties become involved
    OLWay blockchain BPM Radically lower costs through secure decentralization, insurance against losses through cryptography

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