Invention Grant
- Patent Title: Zero invoicing by replicated state
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Application No.: US17089944Application Date: 2020-11-05
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Publication No.: US11615447B2Publication Date: 2023-03-28
- Inventor: Prasun Kumar Singh , Ravigopal Vennelakanti , Amit Kumar
- Applicant: Hitachi, Ltd.
- Applicant Address: JP Tokyo
- Assignee: Hitachi, Ltd.
- Current Assignee: Hitachi, Ltd.
- Current Assignee Address: JP Tokyo
- Agency: Procopio, Cory, Hargreaves & Savitch LLP
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/04 ; G06Q20/38 ; G06Q20/22

Abstract:
Example implementations are directed to eliminating or reducing the invoicing business process by using replicated states as single truth for sub-groups participating in a supply chain network involving a large number of transient partners in a low trust ecosystem. All activities of the business process such as invoicing are shared as single truth of replicated states for the subgroup. The confidential data involving terms of reference for business process is shared separately as single truth of replicated states among such partners. The validations for business process such as invoicing can be derived by executing smart contracts on such replicated states that have single truth about transactions among different sub-groups/channels in supply chain, thereby reducing/eliminating need for invoice generation that need to be manually verified, validated and acknowledged among supplier and customers for payments.
Public/Granted literature
- US20220138815A1 ZERO INVOICING BY REPLICATED STATE Public/Granted day:2022-05-05
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