- HPCL in India, is embracing blockchain technology to modernize its purchase order verification process.
- HPCL teams up with Zupple Labs to streamline purchase order verification, eliminating manual processes for efficiency and security.
Hindustan Petroleum (HPCL), one of India’s prominent oil and gas companies, is set to revolutionize its purchase order verification process with the introduction of a cutting-edge blockchain system. Collaborating with blockchain software firm Zupple Labs, renowned for its blockchain-based credential verification platform called “LegitDoc,” will provide the technology to streamline HPCL’s purchase order system. This innovation eliminates the need for manual PO verification.
In a strategic partnership with Zupple Labs, an Indian Web3 startup, HPCL is poised to issue tamper-proof digital purchase orders, leveraging the capabilities of LegitDoc for instant verification on the “NEAR” blockchain.
LegitDoc, as developed by Zupple Labs, is an established, scalable, and API-first platform designed for enterprises and government entities. It enables the issuance and verification of tamper-proof credentials on the blockchain. This integration streamlines the procurement process, eliminating the need for manual verification and enhancing efficiency and security in purchase order issuance.
Through this system, third-party verifiers gain the ability to automatically verify the legitimacy of these POs on the HPCL website. The adoption of blockchain technology in the oil and gas industry can enhance transparency, reduce fraud, streamline operations, improve supply chain management, and boost data security, resulting in a more reliable and secure marketplace.
