Hitachi, Ltd. has successfully conducted a demonstration experiment to automate the end-to-end business process of inter-company transactions, ranging from ordering and invoicing to settlement and accounting, using tokenized deposits. This experiment confirmed the potential for significantly reducing the workload on accounting and finance departments, which previously relied on manual labor, and for achieving full automation in the future.
In this experiment, Hitachi developed and provided the core functions of the "Invoice Chain," a common platform that integrates these business processes leveraging blockchain technology. This platform links settlement processing using tokenized deposits (DCJPY) with product ordering processes using Distribution Business Message Standards (BMS) on a blockchain. By executing the commercial and financial flows of inter-company transactions in a one-stop manner, it enables faster, automated transaction processing and reliable transactions that prevent inconsistencies between order details and payment information.
The experiment was conducted jointly by nine companies, centered on members of the Invoice Chain working group of the Digital Currency Forum, where DeCurret DCP Inc. serves as the secretariat.
Moving forward, Hitachi intends to utilize the insights gained from this experiment to contribute to the realization of "unforgeable DX"—a DX where humans and AI can conduct transactions with confidence—by providing a highly reliable digital infrastructure tailored to a future where AI agents perform procurement and settlement on behalf of humans.
Participating companies (in Japanese alphabetical order): Aeon Smart Technology Co., Ltd., The Senshu Ikeda Bank, Ltd., Kao Group Customer Marketing Co., Ltd., Cyberlinks Co., Ltd., Tsuruha Holdings Inc., DeCurret DCP Inc., Hitachi, Ltd., Fujitsu Limited, Miroku Jyoho Service Co., Ltd.
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- Source: PR TIMES
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