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Blockchain Report

Usecases

Enterprise

Main Keyword

Management of Performance and Distribution History

Document Notarization

Device Authentication

Enterprise

Blockchain is a technology that will lead to new changes in the business environment. Limitations of the conventional business environment on matters such as document notarization costs, device authentication (IoT), and management of performance and distribution history can be resolved through blockchain. Blockchain is not a technology with extreme difficulty and serious risks that only risk-taking enterprises adopt. Enterprises need stable, continuous, and scalable solutions. BLOCKO, with a resourceful pool of talents in the IT sector, has a precise understanding of the needs of enterprises. We support enterprises to deploy new technology by providing prompt development at a low cost.

H Motor Company
H Motor Group
Company P
Company S
Company K
H Motor Company

Delivery Type

System Integration

System Type

On-Premise

H Motor Company

  • Development of a blockchain-based contract management system
  • Management system to substitute certified electronic document depository

BACKGROUND

  • Operational inefficiency due to works done in paper documents in 14 subsidiaries including H Motor Company
  • A need for an alternative security system due to security risks associated with a centralized IT database
  • An aim to develop a block-chain based contract management system to collect the contracts within the company

CHALLENGE

  • To select document types viable for storing and managing in the blockchain network, due to regulations on electronic documents, and to review legal feasibility
  • To digitize various events that require submission of agreements from the employees and visitors
  • To enable creating and editing functions in various document formats needed in each events
  • To enable convenient monitoring function for the contract campaign managers, contract managers in each department, etc.
  • Increased security concerns over missing documents due to the increased number of classified documents
  • Possible missing out of collecting contracts from long-term absent subjects (legal problems may arise due to the non-submission of the contracts)
  • A need for partners equipped with electronic document solution, being the first project related to electronic document

SOLUTION

  • Adopting document-stamping solution
  • Utilizing AERGO Enterprise(formerly introduced as COINSTACK)
  • Maximizing human resources utilization by developing in cooperation with the partner firm that has application system development capacities
  • Developing a contract management system (Web)
  • Ensuring non-repudiation of contracts(pdf) made through OZ Report(solution), by establishing a partnership with a professional electronic document solution company, and development of forgery preventing function
  • Saving electronic contract issuance and registration PDF hash data in the blockchain and applying a secondary verification method

BENEFIT

  • Reduced waste caused by using and storing hundreds of thousands of paper each year
  • Substitution of the costs incurred by using certified electronic document depository, by establishing a contract management system through blockchain-based electronic document stamping
  • Increased convenience of contract managers
  • Significant increase in the contract collection rate by converting the process to a web service (above 90%)
  • The successful development of a system that can issue and verify all contracts without having to involve human resource or third-party mediation
  • Through the project experience, H Motor Company and Blocko is currently developing an additional electronic document management system for 14 subsidiaries in H Motor Group
H Motor Group

Delivery Type

System Integration

System Type

On-Premise

H Motor Group

  • Establishment of the agreement management system of H Motor Group
  • Development of an electronic document management system for 14 subsidiaries in H Motor Group

BACKGROUND

  • A request for developing a blockchain-based electronic document management system for 14 subsidiaries in H Motor Group after establishing agreement management system of H Motor Company
  • A project to ensure safe data storage and sharing in 14 subsidiaries in H Motor Group including H Motor Company
  • An administrative problem arising from the privileged access rights of the database manager to manage existing database solutions which generally creates a single point of failure
  • Reduced reliability in the existing system due to the absence of verifiable audit trail for changes and updates to files saved in the existing database

CHALLENGE

  • Developing a solution with data verification and audit trail functions
  • A risk of losing data and system experiencing a temporary halt, due to centralized operating, if the service stops operating (failure in a master node)
  • The difficulty of extending IT system through adding a storage server without bearing the risk of service stopping to operate
  • A need for a substantial amount of management personnel and cost, as the project includes 14 subsidiaries
  • Relatively short period to complete the project, despite the large scale (6 months)

SOLUTION

  • Successful functioning as the ‘gatekeeper’ and ‘authenticator’ of files by applying AERGO Enterprise(formerly introduced as COINSTACK)
  • Enabled server expansion for additional storage space without the risk of service stopping to operate, through distributed IT architecture (underline)
  • Preventing data loss in case of system failure by distributing data in networks or nodes
  • Interlocking with the former OZ Report(solution) by establishing a partnership with a professional electronic document solution company

BENEFIT

  • Development of a secure distributed file system for H Motor Company and its 14 subsidiaries
  • Improved data sharing efficiency, prevention of security risks and enhanced trust between the subsidiaries
  • Substituted the need for an accredited certificate through enabling the use of blockchain-based authentication for all employees, and ensured non-repudiation through utilizing an electronic signature function
  • Reduced waste caused by using and storing hundreds of thousands of paper each year
  • Substitution of the costs incurred by using certified electronic document depository, by establishing a contract management system through blockchain-based electronic document stamping
  • Increased convenience of contract managers
  • Significant increase in the contract collection rate by converting the process to a web service (above 90%)
Company P

Delivery Type

System Integration

System Type

Company P AWS

Company P

  • Blockchain-based issuing and tracking system on domestic forwarding invoice (invoice of coils)

BACKGROUND

  • Selected as a pilot project for rapid application of blockchain, as ICT department of Company P launched a ‘Smart X’ project that aims to integrate blockchain smart technology into various industries
  • An aim to develop a private blockchain platform by leveraging Korea’s most advanced blockchain technology and to achieve a quick win in various application services based on the platform
  • Conflicts arising from the process of comparing ledgers that each producer, vendor, and distributor recorded separately in the distribution process
  • A need for a reliable data detection system, due to the unreliability of the business condition in which third party suppliers or distribution partners have administrative accessibility to Company P’s supply chain management system
  • To resolve problems arising from recording ledgers separately in distribution and logistics, and paper warranties
  • A desire to apply blockchain-based system on the issuing and tracking of forwarding invoices

CHALLENGE

  • To develop a solution that enables end customers to have complete confidence in the information provided by Company P and for them to be able to check whether the purchased goods have been forged, damaged, or misdelivered
  • To improve(complement) the existing authentication method and to reduce cost compared to using conventional accredited certificates
  • To introduce blockchain-based authentication service (issuing, registering, discarding, and inquiring of authentication certificates)
  • To enhance the function of preventing forgery and alteration of authentication certificate and ensuring non-repudiation
  • Difficulty in enabling integrated management, due to different geographic locations of various stakeholders

SOLUTION

  • Sharing information on invoice issuance and tracking history through blockchain (invoice issuance: TX/tracking history: smart contract)
  • Creating a blockchain address by making the identification number of shipping documents as seeds
  • Compressing the document data column information and storing it in transactions
  • Saving history transaction on signature information, etc.
  • Establishing a consortium with partner firms that have a profession in application system development by utilizing AERGO Enterprise(formerly introduced as COINSTACK) or firms with rich experience in logistics
  • Utilizing cloud to resolve integrated management problem from the presence of various stakeholders

BENEFIT

  • Third-party suppliers and distribution partners enabled to interact directly and update on the supply chain data without necessitating Company’s mediation
  • Ensured reliability for all stakeholders through the blockchain’s audit trail and anti-forgery function
  • By digitizing paper-based processes, work efficiency improved significantly, instant communication between different businesses became possible, and problems caused by human mistakes decreased
  • Reduced time and cost by automating business processes through smart contracts
  • Became possible to change the conventional method that uses the accredited certificate of the company into using a blockchain-based authentication certificate
Company S

Delivery Type

joint development

System Type

S credit card company AWS

Company S

  • Joint technical development of blockchain
  • Implementation of blockchain technology to the subsidiary credit card company through technology transfer (BLOCKO’s consulting to Company S) for the development of the private blockchain platform of Company S

BACKGROUND

  • The plan by Company S to develop a blockchain platform that can be used in a business environment, based on a notion that the business environment need to adopt blockchain
  • Initiation of the blockchain joint development after being confirmed the technical competence by receiving a strategic investment from an organization within S Group

CHALLENGE

  • A project that required to complete technical verification by applying the blockchain technology in the S Group’s subsidiary credit card company, after developing a blockchain platform (long-term project for 13 months)
  • To develop a blockchain-based voucher system for S credit card company, in joint with Company S
  • The high cost of issuing and storing vouchers in the existing voucher system of S credit card company
  • Difficulty in managing and making settlements among subsidiaries
  • Inconvenient user experience in voucher usage
  • Lack of reference materials and professionals, being the first of Korean conglomerates to initiate technical development in 2016
  • A limited number of professionals involved in order to ensure the confidentiality of the project

SOLUTION

  • Forming a partnership, instead of working as competitors, with Company S by establishing an MOU
  • Establishing a consortium and collaborating with partner firms that have a profession in application system development
  • Involving only senior engineers (IT developers with more than 10 years of experience)
  • Establishing a blockchain-based electronic voucher system
  • Implementing the solution, as a priority, for Prestige cards (advanced service)

BENEFIT

  • Provision of various blockchain cores (NCS, Hyperledger Fabric, Ethereum) including independent consensus algorithm
  • Development of a prompt service that uses standard API
  • Provision of a highly advanced blockchain management monitoring function and enabled strict controlling of access to nodes
  • Enabled real-time voucher distribution record tracking for S credit card compan
  • Reduced cost from digitizing paper documents for S credit card company
  • S credit card company’s creation of a distinguished service value through an advanced user experience
  • S credit card company’s positioning as a blockchain platform player in a short period of time by rapid technology development
Company K

Delivery Type

System integration

System Type

On-Premise

Company K

  • A blockchain-based ship reservation system
  • Development of a prototype for developing a blockchain-based logistics business model

BACKGROUND

  • A blockchain consulting project on Company K by the Korea Society of Blockchain
  • Application of blockchain to a ship reservation system that was already fully developed to be serviced by Company K
  • Verification and adoption of blockchain technology

CHALLENGE

  • To devise a way to verify the reservation and authority on ships
  • To enable inquiries on addresses of forwarders, shipping companies, etc. by issuing assets that can verify shipping rights(right to load containers on ships) based on blockchain
  • To provide a permanent history of changes in documents (transfer of pickup rights, etc.)
  • A need to link the list of import loadings of the relay network through the web, and to synchronize the DO changes in the relay network
  • Difficulty in enabling integrated management, due to the variety of participating stakeholders

SOLUTION

  • Developing a blockchain-based logistics system (Logisview Web)
  • Developing smart contracts on container shipping processes – ConDoc (container invoice) to be issued through smart contracts, and transactions to be done based on UTXO
  • Saving State by utilizing smart contracts
  • Saving as transactions by utilizing blockchain’s SDK
  • Saving the history of TimeStamp (Hash) and issuance, distribution, and storage of electronic documents (c-D/O) in the blockchain and storing the history of such operations in the DB

BENEFIT

  • Enabled verification of authority through developing a blockchain-based shipping right token issuing system
  • Possible creation of a new market in the future based on cryptocurrency through a secondary market
  • Creation of highly useful material for promotion and reference for projects
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