Contract Lifecycle Blockchain Management

Segment leaders are using Contract On-Chain Management in governance of contracts.

The Alliance, Contract Management on Blockchain, is a technology capable of reducing charges, labor and time spent to perform measurements. Besides the benefits of the Consensus Mechanism, the Blockchain Contract Management goes further, transcribing the business rules of a traditional contract to a Smart Contract on the Blockchain and automating the entire data flow.

Complete governance of the business rules of a supply or measurement contract is guaranteed and they can only be updated through consensus certified on the Blockchain.

By automating the filling of measurements via legacy system or IoT devices, we guarantee a 100% automated process without the need for human interference, reducing any contract overbillling and anticipating the time of receipt. 

What kind of problem does Blockchain Contract Management solve?

Imagine that a traditional contract is a picture of the expectation of future behavior between the parties on the first day of the relationship. The Blockchain consensus mechanism, on the other hand, works as a real-time monitoring system during the day-to-day operation. A key piece of certification for companies that value the PDCA method and need their processes to really work.

HOW IT WORKS

The requirements for maximizing the generation of value by a consensus mechanism are: choosing an important process or contract and involving more than one party. Considering a scenario with these characteristics, it is enough to set up the consensus.

STEP NUMBERING

Define the different approval stages with as many hierarchy levels as necessary.

SELECTION OF PARTICIPANTS

Invite the parties involved in the consensus, each profile with its respective permission and visibility.

DEFINITION OF THE TYPE OF DOCUMENTATION

Formally agree on everything from spreadsheets, text files, audios, videos, telemetry, to job logs, databases, etc.

SOLVING REAL PROBLEMS

High-impact solutions to critical problems

blockchain integration with ERP for industries

Steelmaking

Blockchain as a Service to improve eficiency in Oil & Gas Industry

Oil and Gas

Listen to the executives

The H3aven's team assisted us from the beginning in a very proactive manner, seeking to add value to our business with the use of Blockchain technology and Smart Contracts. The consensus mechanism system proved to be an adequate, reliable and easy-to-use system for implementing the technology with positive feedbacks from the team participating in the project. We count on H3aven to implement the technology on a large scale in Ocyan's business, optimizing the measurement and value generation processes for the organization.
Rodrigo Chamusca
INNOVATION DIRECTOR - OCYAN DRILLING
The H3aven team was always very helpful throughout the process. They met the demands of the areas and mainly were willing to design something that really adhered to the demands of ArcelorMittal and RHI Magnesita's team, which were our partners in the initiative of validating the consensus solution.
Marcus Felipe Pereira
Innovation BP, ArcelorMittal - Açolab

Your organization needs process governance and it is simple to achieve it. Count on H3aven.

Tell us the main pains in your area and we will be happy to help you overcome them one by one. If the Consensus Mechanism does not apply to your situation, we will be the first to bring it up.

WE WILL CALL YOU BACK IN LESS THAN 6 WORKING HOURS
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