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Rhenus Data Office taps Billon Group’s Blockchain Based Platform

Billion and Rhenus | Fintech Finance

Rhenus Data Office, a subsidiary of Rhenus logistics company, signed a cooperation agreement with Billon Group to use Billon’s Unified Enterprise DLT system’s Trusted Document Management offering to bring the benefits of blockchain to Rhenus’ logistics and document lifecycle solutions. Under the agreement, Billon and Rhenus will cooperate in introducing customers to the solutions.

Both companies plan to organise webinars and online campaigns on the blockchain based approach to document management for interested Rhenus clients and partners.

The agreement gives Rhenus access to the Unified Enterprise DLT platform, which can process national currencies, documents, and any digital assets directly in the blockchain structure. The Trusted Document Management platform developed by Billon provides a flexible, enterprise-wide approach to every aspect of digital document management including:

  • secure sharing and storage
  • reliable and irrevocable publication of documents,
  • digital identity management and
  • registered electronic delivery.

TDM enables a comprehensive, fully digital and regulatory-compliant exchange of business information based on the immutability and security of data on blockchain. Now customers of Rhenus and Billon will be able to use TDM to upload, track, monitor and manage the documents using the decentralized platform’s security against data loss and tampering, and higher level of document availability.

By using Billon’s blockchain system in their logistic processes and as a component of Rhenus document and information management services, the companies aim to advance security, ensure full integrity of stored data, and strengthen the legally binding nature of shared documents.

TDM fulfills regulatory requirements for MIFID II (durable medium) and GDPR – enabling identity protection and the right to be forgotten. It maximizes data security with minimal IT administrative costs as clients manage their own keys integrated into their own devices.

Jacek Dudkiewicz, CEO of Rhenus Data Office, comments: “Billon’s technology supports our mission to reduce costs and improve document flow efficiency, bringing intelligent information technologies to daily work. Billon’s enterprise blockchain system furthers our commitment to ​​digital process transformation. The technology’s fully digital nature increases the trackability of events and enhances trust through greater security. It helps reduce manual overrides in business processes that should be automated and digital. Blockchain-based processes advance transparency, even when many actors are involved, resulting in mutual benefits and faster business development.”

Andrzej Horoszczak, CTO and Founder of Billon, comments: “Rhenus joins the growing community of Billon partners who use our system solutions to gain tangible business benefits. Blockchain, as the technology that underpins document and data management, delivers security in business processes that legacy technologies cannot match. The ability to move from paper documentation to fully digital workflow and digital contract signing slashes expenses and streamlines operations.”

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