Streamline your operations, reduce costs, and enhance development opportunities through sustainable practices.
"Finboot, through their product MARCO, offers a friendly way to work with blockchain. Finboot’s technical and soft skills are valuable external talent for Repsol to work and co-create together."
Capital markets increasingly demand meaningful action on energy transition, and the pandemic has forced the oil and gas industry to invent new ways of working with lightning speed. This has indeed succeeded thanks to virtually no widespread interruptions in energy supply throughout the pandemic. Blockchain will accelerate the implementation of digital capabilities and fully capture their impacts.
The Energy sector relies on joint operations, but the challenges around the sharing of data can result in misinformation and unnecessary delays. With multiple layers of cryptography, providing data integrity through decentralization and yet maintaining enterprise oversight, MARCO allows stakeholders to securely share data.
The paradigm shift towards renewable energy sources is the key to unlock untold competitive advantages, but complex compliance mechanisms are at times adverse to the energy transition. With MARCO, enterprises can easily build transparent ecosystems of trust, optimizing compliance and taking the lead on sustainability.
From extraction sites to refineries, and all the way to consumers the trail of paperwork, emails and phone calls in industry processes creates a painful if not impossible reconciliation of data. With MARCO we provide near real-time reconciliation and process automation, entangling industrial operations with commercial transactions.
Capital markets increasingly demand meaningful action on energy transition, and the pandemic has forced the oil and gas industry to invent new ways of working with lightning speed. Learn how to accelerate the implementation of digital capabilities and fully capture their impacts.
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The competitive advantage that your sustainability strategy needs.
“Providing customers with transparency of our sustainability and supply chain due diligence efforts is extremely important to us as we further cement Stahl’s position as an ESG leader in our sector. By integrating Finboot’s MARCO middleware & application suite into our digital ecosystem, we are able to demonstrate that we are actively seeking to drive positive change in our industrial processes.”
The chemicals sector - like many other sectors - is going through a significant phase of disruption as Covid-19 is causing significant swings in the demand and supply of goods. Adopting technology such as blockchain will accelerate digital transformation, realise greater value and build trust across all stakeholders.
The Chemical industry relies on providing exact and accurate information. However, critical product data is still not fully visible along the entire supply chain. The industry continues to struggle to provide the level of trust and transparency the market now demands. With MARCO, businesses can provide end to end traceability, improve their sustainability credentials, and make reporting more efficient.
Regulators are demanding more transparency over product provenance and sustainability practices. However, supply chain chemical substance reporting is a lengthy process as data needs to be carefully managed to identify potential business risks. MARCO provides tools to automate data gathering, verifications and sharing.
Consumers increasingly want to understand what they are buying, where and how products are sourced and their impact on the environment. In turn, consumer brands need to trace their industrial processes end to end and share the data once the products are purchased. MARCO can help companies provide assurances to their customers and consumers that products are sustainably produced.
There is a need for new emerging technologies that have the potential to solve these problems and build a trusted and decentralized environment to store, exchange, build and track chemical-related information along the supply chain.
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Enabling end to end traceability, improving communications with customers and suppliers.
“Having transparent, resilient supply chains is of paramount importance to us as we look to both increases our operational efficiency and gain greater insight into our production processes. By using Finboot’s blockchain solution MARCO, we are ensuring that we remain at the forefront of digitalization, which gives us a competitive edge over brands that continue to rely on analog, inefficient systems."
There is a huge opportunity for those companies to take the lead and improve their communication with suppliers for accurate data gathering.
With MARCO you will be able to trace your products all the way back to raw materials, through the sourcing, manufacturing and retail process. MARCO will provide you with QR codes to selectively share information with customers and consumers. This means you can surpass the level of transparency the market now demands.
Mapping and monitoring your supply chain can also lead to directly quantifiable business value. Improve lead times and forecasting, increase brand value, and better position your products in the market. Real-time data is crucial to make the right decisions in a global and connected world.
MARCO is agnostic by design and is created to fully integrate with any enterprise software such as ERP systems. We can also connect to or interact with emerging solutions you might be implementing such as NFC chips or physical tracers.
The lack of traceability of renewable feedstocks throughout the supply chain can lead to unsubstantiated claims on the environmental impact of the products at the end of the chain.
Learn how to monitor the movement of these resources to ensure the integrity of your supply chain process.
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Finboot’s platform is simple to set up so it delivers business value from day one. In addition, their support and education are invaluable as you grow and develop your product.
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There is a need for new technologies that have the potential to solve these problems and build a trusted and decentralized environment to gather, share, and trace product data along the supply chain.
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How truth and reconciliation can strengthen your financial system.
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Aviation is a sector that includes many different operating activities and departments, including high-security requirements. Some of the most critical operations of the airlines happen in airport logistics. Inside these operations, the refuelling of aircraft is one of the most critical. Currently, the process is manual, involving emails, calls and hours of manual processes, leading to payment issues between different stakeholders.
Airlines can reduce back-office workload by creating an immutable digital record of all the transactions with their suppliers. Also, MARCO allows all parties to create different business rules through the use of smart contracts to make sure that all the invoices they receive are correct before entering their financial systems.
Blockchain’s immutable nature means
that all records and data published on
its ledger remain tamper-proof with
a detailed audit trail, thus eliminating
errors that can occur with human
handling of data during reconciliation.
Real-time intra-company blockchain networks can also eliminate mismatches - thus reducing the non-value-adding labour of reporting and reconciliation.
With MARCO you will be able to collect and verify incoming invoices in an automated and immutable platform, giving them the advantage of pre-validating the financial information and reducing back-office workloads.
With so many operations worldwide, having a global and real-time vision of operations will give you insights to improve operations and take smarter decisions.
There is a need for new technologies that have the potential to solve these problems and build a trusted and decentralized environment to gather, share, and trace product data along the supply chain.
Download use caseCreate new business opportunities and improve your operation.
Financial enterprises currently rely heavily on legacy systems to interact with each other, relying on many manual processes and interactions. Businesses across the globe are looking for efficient ways to conduct trusted processes, data reconciliation and ensure that agreements between them are followed.
Blockchain was created in the financial arena and this is where its maximum potential appears, from creating new business opportunities to the improvement of operational efficiencies. Ensuring all the time that stakeholders comply with agreements and having a trusted record of all transactions.
Pre-validated business rules can be coded into the blockchain, thereby enabling instant transaction settlement. This near-instant transaction settlement
on blockchain networks can help
enterprises develop strong financial
systems capable of removing
counterparty risk.
At its core, blockchain is an accounting technology capable of enhancing the process by providing absolute certainty over ownership and the history of assets. In a large organisation with significant volumes inter-entity transactions, blockchain can automate the accounting procedures and therefore help accountants free up resources and time.
Ensuring that all parties comply with contractual agreements is always a challenge,both in terms of cost and resource. With Blockchain and smart contracts, you can set business rules that will be tracked and audited. Making sure that all the parties comply with previous agreements.
There is a need for new technologies that have the potential to solve these problems and build a trusted and decentralized environment to gather, share, and trace product data along the supply chain.
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