alan dickinson

Blockchain for managing judicial bonds and deposits

Complex business processes that involve hundreds of external partners, thousands of discrete events to be recorded and tracked, and millions in funds are excellent candidates for digital transformation using blockchain. Managing a portfolio of judicial bonds and deposits, also known as judicial guarantees, is one such process. Some countries, jurisdictions and court systems require companies […]

Continue reading

Blockchain and letters of guarantee

Paper-intensive financial instruments, especially those that require back-and-forth negotiations between parties, are ripe for digitization and blockchain. Add in the potential for fraud with paper processes, and the rationale for blockchain is even greater. The bank guarantee, or letter of guarantee, is just such an instrument. Bank guarantees facilitate doing business by adding trust to […]

Continue reading

Blockchain and sustainability through responsible sourcing

Mining for cobalt, an essential raw material for lithium-ion batteries, carries a high cost in human suffering. More than 60 percent of the world’s supply comes from the Democratic Republic of Congo (DRC), with about 45 percent coming from large-scale mining operations. The remaining 15 percent comes from small-scale mines in the DRC, where children […]

Continue reading

Streamlining financial netting with blockchain

A process that is ripe for digitization and automation is financial netting, a way of consolidating or reconciling multiple payments between two or more parties to create a single amount due to each participant. It simplifies doing business and reduces risk. Banks do it. Securities, currency and other markets do it. Service providers, central exchanges […]

Continue reading

Blockchain for invoice reconciliation and dispute resolution

Every industry experiences a productivity hit when discrepancies arise around financial settlements. In the supply chain, for example, processes that may even be part of an automated procure-to-pay workstream grind to a halt when an invoice and the related goods received documentation don’t match up. Even data-driven industries like telecommunications are affected, with hundreds of […]

Continue reading

Recognizing the winners of our Back to Work COVID contest

We at IBM have always believed that some of the most exciting innovations and advancements are happening outside of the major technology companies, a belief embodied in IBM initiatives like Call for Code. As economies and organizations around the world found themselves emerging from lockdowns and beginning to reopen, not only were we asking ourselves […]

Continue reading