Blockchain for Procurement

Discover how web3 is emerging in the Procurement industry.

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What challenges face the Procurement industry?

The Procurement industry faces a few key challenges including: Invoicing, Financing, and Coordination.

Invoicing

Manual invoicing processes can lead to delayed payments and record-keeping errors.

Financing

Insufficient financing can stifle business growth, impede new project investments, and obstruct financial obligations.

Coordination

Lack of coordination can lead to inefficiencies, confusion, and miscommunication in work processes and project management.

Blockchain technology could change our world more than people imagine.

Jack Ma

CEO

,

Alibaba

What are use cases for blockchain in the Procurement industry?

Blockchain can be used to solve problems in the Procurement industry including Compliance, Asset Custody, and Allowlists.

Compliance

Blockchain can be used for compliance purposes, offering a transparent and immutable record of transactions, ensuring regulatory requirements are met, and reducing the likelihood of fraud and errors.

Asset Custody

Blockchain technology can be employed for asset custody, offering a tamper-proof and transparent ledger that securely records ownership and asset transfers, eliminating the need for intermediaries and reducing fraud risk.

Allowlists

Blockchain technology can be used to establish a secure and transparent system for managing allowlists, thereby ensuring accurate and tamper-proof access control.

How can Alchemy help Procurement companies with their blockchain strategy?

Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Procurement companies plan, build, and scale new blockchain initiatives.

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Trace API

Gain insights into transaction processing and on-chain activity.

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Supernode

Experience scalable node functionality with dedicated distributed systems.

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Custom Webhooks

Stream on-chain data and get notified immediately about blockchain data changes.

Alchemy Webhooks is a best-in-class feature that allowed us to deliver the best push notifications for Ethereum while minimizing upkeep and engineer hours. We estimate we save $240,000 each year with Alchemy Webhooks.

Wayne Cheng

CTO

,

Rainbow

Continue learning about enterprise blockchain solutions

Read overviews written by Alchemy's team of research analysts to discover ways enterprises in the Procurement industry are using blockchain.

Enterprise Blockchain FAQs

Does Alchemy support permissioned blockchains?

Alchemy's supported blockchains include Layer 1s like Ethereum, Solana, and Astar, Layer 2s including Arbitrum, Starknet, Polygon zkEVM, and Optimism, as well as Polygon's PoS sidechain. Alchemy also supports Goerli, Sepolia, and Mumbai testnets. If you are interested in running a permissioned blockchain, contact our team of experts!

How can I get started building with Alchemy?

You can start building on Alchemy immediately!  Alchemy boasts the most comprehensive free tier in all of web3 development. From core node RPC services, to enhanced APIs and account abstraction infra, Alchemy's free tier has a robust set of tools and lots of capacity to start building right away. If you need more advanced tools, higher throughput, or more monthly compute units, Growth and Scale Tiers are self-serve starting at $49/month and $199/month respectively. For custom plans and enterprise SLAs, please contact our sales team!

Who can help me figure out my enterprise web3 stack?

The Alchemy Sales Team is available to answer any and all questions about the infrastructure and tooling your company needs to bring a production-ready web3 strategy to market. To get started, book a time with an expert!

Does Alchemy offer consulting services?

Alchemy does not offer formal consulting services, but our team of experts are ready to help you think through important product and infrastructure considerations. Contact a member of our sales team to start the conversation!

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Need guidance exploring web3 strategies, evaluating trusted partners, or scaling blockchain initiatives? Our team of experts is ready to help!

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