Piramal Glass Leads the Way in Streamlining Cross-Border Trade Digitisation Using the #dltledgers Blockchain Platform
Tuesday, March 2, 2021 5:00PM IST (11:30AM GMT)
Mumbai, Maharashtra, India:
Piramal Glass, Asia’s largest speciality glass manufacturer, has successfully kicked off its first cross-border trade digitisation programme using blockchain. The company is prioritising the technology in 2021 as a means of unlocking hidden margins and efficiency through digital automation. The team partnered with enterprise blockchain platform, #dltledgers, a leading fintech operating out of Singapore and India.
The first phase of this project had four main objectives: to validate the production use of blockchain in Piramal Glass’ supply chain and export operations; to increase transparency while protecting sensitive data and customer integrity; to understand if the technology could enable multiple stakeholders to collaborate on initiatives, such as sustainability; and to establish if blockchain delivers business value in terms of efficiency improvement and ease of use.