DigiProcure seems like it would be useful outside of the construction industry - really any manufacturer that has multiple stakeholders. Do you have any competitors in that product market?
We've heard that a few times. In the future, there definitely could be usage in other markets. Right now we're lazer focused on our construction customers though:)
Competitor wise there are 2 types:
-Companies who still use pen and paper, email, spreadsheets or otherwise paper laden processes.
-A few "generation 1" software solutions exist that are basically material market places that pair suppliers and contractors (Joyne, Agora, etc.).
We're different than those in that we do most of the work for the user.
Without blockchain, these workflows involve multiple companies all sending contracts, invoices, and data sheets back and forth. This is manual trust-building which adds cost and risk. Using smart contracts streamlines many of these processes and provides more transparency.
Competitor wise there are 2 types: -Companies who still use pen and paper, email, spreadsheets or otherwise paper laden processes. -A few "generation 1" software solutions exist that are basically material market places that pair suppliers and contractors (Joyne, Agora, etc.).
We're different than those in that we do most of the work for the user.
Without blockchain, these workflows involve multiple companies all sending contracts, invoices, and data sheets back and forth. This is manual trust-building which adds cost and risk. Using smart contracts streamlines many of these processes and provides more transparency.