Photo Release: Digital Ventures teams up with SCG to launch worlds first B2P digital procurement on R3 Blockchain platform

Stocks and Financial Services Press Releases Wednesday September 12, 2018 15:56
Bangkok--12 Sep--Siam Commercial Bank

Digital Ventures Co., Ltd. – a Fintech subsidiary of Siam Commercial Bank has teamed up with SCG to embark on the latest procurement solution, with the launch of world's first fully integrated Blockchain Solution for Procure-to-Pay (B2P) on R3 Blockchain. Aiming to boost efficiency at every procurement step for every supply chain network, from upstream to downstream, the move is a collaborative learning and development pilot project which has been tested with selected SCG supply chain networks since mid-August before expanding to include all business groups. This B2P project will also be adopted as a prototype for other solutions to increase the effectiveness of overall supply chain management through private sector cooperation with SCB's business partners. The collaboration was jointly announced by SCG Corporate Administration Vice President Mr. Yuttana Jiamtragan, Digital Ventures Co., Ltd. Technology and Innovation Managing Director Mr. Paisal Kiattananan and Technology and Innovation Managing Director Mr. Paisal Kiattananan.


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