The Eden Platform supports multi-party authentication of documents, allowing effective management of provenance and secured digital identity by using blockchain-based technology and smart contracts. This is useful for digitalisation of documents and processes like invoices, legal agreements, insurance claims… etc.
ABOUT THE PLATFORM
All participants belonging to the same transaction on the Eden Platform will view the same documents and be privy to all actions relating to the same document. All actions on the Eden Platform are recorded onto an immutable audit trail, which becomes handy for any potential trade disputes in future. Smart contracts automate and govern actions on the Eden Platform, such as to facilitate any movement of funds or advancement when invoices are approved or due.
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MAIN FEATURES
Process Reengineering
The Eden platform allows Financiers to rely on the Customer to attest to its supplier’s invoice, so as to allow for faster turnabout in proofing of invoice authenticity. The Eden platform allows for fail checks to be in place by using the blockchain to record down all parties’ actions and the professional reputation of each entity.
Document Attestation and Audit Trail
The Eden Platform allows for invoice documents to be uploaded and encrypted by suppliers. All participants belonging to the same transaction on the Eden Platform will view the same documents and be privy to all actions relating to the same document. All actions on the Eden Platform are recorded onto an immutable audit trail, which becomes handy for any potential trade disputes in future.
Automated Actions
Smart contracts automate and govern actions on the Eden Platform, such as to facilitate any movement of funds between the Financier, Supplier and the Customer when invoices are approved or due.
The Eden Platform is part of our complete solutions, and is powered by the STACS Blockchain. Read here for more information on the STACS Blockchain.
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