B2B System Architecture Supporting Operational Tools and Blockchain
Abstract
The B2B system architecture is an implementation model for supporting a number of B2B tools such as RFQ, Quotation, Purchase Order, Product Receive, Invoice, Bid/Offer, Time Management, Cost Code, Community, and Blockchain. The tools increase the efficiency of the business processes. Trading in the modern digital age is a national trade especially for B2B businesses with a large number of suppliers, with hundreds of thousands of products, the ordering involves a comprehensive process covering contacting, negotiating, bidding, issuing orders, and use of financial mechanisms for shipment and payment by which buyers and sellers who have previously known may be able to easily solve problems if there are special cases. Therefore, blockchain is a better mechanism for building trust between B2B buyers and sellers; Untrustworthy of the intermediary agent; Increased transparency.
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