How does Mastercard Provenance Solution work?
Mastercard Provenance Solution works with existing supply chain systems by gathering data from our front-end partner platforms and creating an immutable blockchain record that enables supply chain automation. With a simple API integration, the immutable record enables our multi-rail, B2B payments offering that allows for scalable growth wherever our partner’s clients are in the world, and increased liquidity through supply chain finance flows and more.
The solution’s capabilities are industry agnostic and can support many use cases – often within the same supply chain ecosystem.
Enhancing Freight and Logistics with Invoice Creation & Payments - North America Generating invoices for freight services that are responsive to shipment data and automatically triggering payment to minimize disputes and improve service provider liquidity.
Optimizing Liquidity & Supply Chain Finance Enablement – Asia Pacific Traceability data helps financial institutions to optimize working capital for buyers, generating operating cash flow for SME suppliers and minimizing risk across supply chains.
Empowering Consumers with Seafood Sustainability Information - North America Sharing supply chain sustainability practices from fishing boat to grocery store shelf to empower the choices of conscientious consumers across 15 regional grocers in the US.
Enabling Financial Inclusion & Growth for Farmers – Latin America & North America Providing farming traceability of more than 24 commodities to commercial buyers to enable small-scale farmers financial growth and access to capital
There's plenty more read about the Mastercard Provenance Blockchain here
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