Enterprise Asset Management (EAM) and Enterprise Resource Planning (ERP) are not just common terms in enterprise software—they are widely adopted systems for managing assets effectively. While EAM is a business application primarily used by asset-intensive industries to optimize the use, maintenance, and repair of industrial equipment; ERP software helps with running an entire business by automating and overseeing processes in accounting, finance, human resources, manufacturing, procurement, supply chain, and more. However, given the scale and complexity of many infrastructure, construction, and real-estate projects—especially in KSA, and other countries in the MENA region—obtaining a comprehensive view of their progress remains to be a significant challenge.
Data is often siloed and spread across numerous organizations involved in project delivery. This issue was a key focus at the Saudi Infrastructure Summit, sponsored by the Riyadh Infrastructure Projects Center. This challenge extends beyond construction and real estate to other sectors as well, including defense procurement.
Whether the EAM/ERP systems are used by individual companies or, in the case of defense, the armed forces, there is a clear need for a consolidated view of the data. From a technical perspective, this challenge follows a common pattern: the implementation of an observability and reporting layer. This can be achieved using our P3 platform.
Know Your Customer (KYC) is a standard identity verification process done as part of a transaction in regulated industries such as financial services. Electronic Know Your Customer (eKYC) has emerged as an alternative to the traditional KYC process which involves cumbersome and error-prone manual checks and authentication. eKYC is an automated process that uses a combination of technologies including biometrics, facial recognition, multi-factor authentication, and electronic signature, among others, through which businesses can carry out customer identity verification and validation remotely and digitally.
Many contractual processes require the same level of identity authentication, verification, and validation as a know-your-customer process. Therefore, MENA-based contract management platform vendor Uqoud has built eKYC capabilities into its contract management offering. These eKYC capabilities are available throughout the complete contract lifecycle, from the creation of contracts all the way to signing and archiving.
Although eKYC may significantly speed up manual KYC processes and present opportunities for businesses to save time and money, it may also introduce privacy and security concerns – whether real or perceived – and be obtrusive to some customers.
We’ve partnered with Uqoud, and embedded our blockchain-backed provenance technology into Uqoud’s contract management platform, to provide banks and financial institutions in the GCC and MENA regions with an identity service that includes transparent consent management across multiple parties, enabling them to digitally obtain required know-your-customer information in an efficient, trusted, and secure manner.
This new identity service minimizes the communication overhead between financial institutions and allows them to verify and validate customers without redundant processes or the disclosure of personally identifiable information.
Resilient supply chains are crucial for ensuring the smooth, reliable, and sustainable flow of goods and services, particularly in the face of disruptions. It is applicable to logistics, manufacturing, retail, among other verticals.
Ensuring product and material integrity within today’s global supply chains has become increasingly complex. Data silos and inconsistent data standards are estimated to cost the global supply chain over a trillion dollars annually. The electronics manufacturing industry, in particular, faces considerable challenges related to counterfeiting, regulatory compliance, and sustainability.
By integrating with an existing Manufacturing Execution System, which is primarily designed to manage and monitor activities within the confines of a manufacturing facility, we can provide a seamless data flow spanning both internal manufacturing processes and external supply chain logistics to provide a holistic, end-to-end view of the product lifecycle, from raw materials to finished products, and even beyond.
The novelty of this work lies in the seamless integration of blockchain technology with a common provenance domain language grounded in established industry standards, resulting in a comprehensive traceability solution. This approach addresses the enduring challenge of ensuring product integrity across the entire value chain.