System and method for supplier information management
This document presents a system and method for presenting vetted and verified Supplier information to Buyers. The Know Your Suppler (TYS) Application collects previously vetted and verified Supplier information and commits the collected information, verification authorities, verification details, and transaction information to a shared distributed ledger implemented as a privately permissioned blockchain. Buyers who want to onboard a newly identified Supplier, or update Supplier information with more recently verified information records, may subscribe to the TYS Application and purchase available vetted and verified Supplier information to optimize the onboarding or updating process for Suppliers from whom the Buyer wants to purchase goods or services.
1. A system for digital identity management, comprising:
one or more processors;
one or more computer-readable memories storing program instructions when executed by said one or more processors, cause said one or more processors to perform operations comprising:
managing one or more distributed ledgers;
receiving and aggregating verified business information from one or more supplier business organizations to create a verified business information collection;
receiving and aggregating verification information for said verified business information collection directly from a business information verification provider;
committing said verified business information collection and said aggregated verification information to said one or more distributed ledgers;
storing said verified business information collection and said aggregated verification information in an off-chain storage;
providing controlled access to a buyer business organization to combined information supplied by said one or more supplier business organizations and said business information verification provider, wherein said combined information comprises said verified business information collection and said aggregated verification information;
utilizing an artificial intelligence (AI) engine to analyze said combined information stored in said one and more distributed ledgers and said off-chain storage and actively notifying said one or more supplier business organizations to provide needed updates to supplier information;
receiving said updates from said one or more supplier business organizations and recording said received updates to said one or more distributed ledgers and said off-chain storage;
matching said supplier information with requirements associated with said buyer business organization via utilizing said AI engine; and
responsive to matching said supplier information with said requirements associated with said buyer business organization, providing identification of a new supplier business organization to said buyer business organization and optimizing onboarding of said new supplier business organization to said buyer business organization.
2. The system according to claim 1 , wherein said one or more distributed ledgers comprises one or more provisioned blockchains.
3. The system according to claim 2 , wherein said provisioned blockchains are privately provisioned.
4. The system according to claim 1 , wherein said verified business information is comprised of answers to questionnaires about business capabilities.
5. The system according to claim 4 , wherein said verification information is comprised of evidence verifying and attesting to the accuracy of said business information.
6. The system according to claim 1 , wherein said controlled access comprises providing such access through a commercial transaction between said buyer business organization and one of said one or more supplier business organizations wherein said commercial transaction is managed by said one or more processors.
7. The system according to claim 6 , wherein said commercial transaction returns business information, verification information, and other third-party information retrieved from said one or more blockchains in a template format.
8. The system according to claim 1 , wherein said buyer business organization is a buyer of goods and services.
9. The system according to claim 1 , wherein said one or more supplier business organizations are suppliers of goods and services.
10. The system according to claim 1 , wherein said controlled access is implemented by generating a set of one-time use encrypted keys and providing said one-time use encrypted keys to said buyer business organization.