Blockchain and the chemical sector: New ways to finance the process industry

Authors: Tony Oehm, Jonas Gross, Philipp Sandner

The blockchain is catching on in the process industry by way of the financial department. It contributes to drastically reduce the cash conversion cycle and enables the supplier to access liquidity earlier. Buyers of chemical products rely on the continuous availability of their raw materials. In order to guarantee constant availability and quality of supplies, a high focus is put on monitoring, automating and digitising entire supply chains through…