India’s state-run refiner Hindustan Petroleum (HPCL) has partnered with blockchain software firm Zupple Labs to launch a blockchain system for automated verification of purchase orders (POs). The system, called LegitDoc, integrates Zupple Labs’ blockchain-based digital credentialing technology into HPCL’s purchase order system. This allows HPCL to issue digital POs to vendors without manual verification, while third-party verifiers can directly verify the validity of POs on the HPCL website. The implementation automates the verification process and generates tamper-evident verifiable POs, which can be shared with third parties. HPCL has been collaborating with Zupple Labs on the blockchain project for the past six months and plans to make the facility official to vendors within this month. The blockchain-based PO system has been implemented on both private and public blockchains, including the Near blockchain and the Hyperledger Fabric blockchain. As of mid-October 2023, HPCL has issued 3,000 POs via the facility.

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Information	Details
Geography	Asia
Countries	🇮🇳
Sentiment	neutral
Relevance Score	1
People	None
Companies	Hindustan Petroleum (HPCL), Near blockchain, Zupple Labs, Hyperledger Fabric
Currencies	None
Securities	None