PJSC Severstal and VTB have developed a new scenario for the industry blockchain register of quality certificates for metal products. The initiative will allow to accelerate the shipment of metal products, as well as to carry it out without reference to banking days, including weekends and holidays.

This is the second stage of the project to optimize industry-wide interaction, launched on the basis of the infrastructure of the industry register of quality certificates for metal products. Thanks to the new project, the supplier immediately receives information about the invoice payment and releases the order for shipment. Thus, the initiative will allow companies to ship products to receive money without the risk that they will not be paid for. The registry itself is implemented on the blockchain technologies of the SAP Busiess Techology Platform. The initiative was announced within the framework of the 5th International Mining and Metallurgical Summit SAP.

The unified industry register of quality certificates for metal products was launched in 2020. The project is being implemented with the support of Severstal PJSC, TMK, OMK and the Pipe Industry Development Fund (FRTP). A script for checking the validity of certificates of quality for metal products has already been launched into productive operation, which allows consumers to check the authenticity of certificates by the certificate number and manufacturer's code.

"Previously, we, together with SAP

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