USE CASE
Involved parties
Capptions's 80+ enterprise clients and 20,000 users who rely on the immutable evidence for their inspection reports.
Paper-based reports and checklists are easy to counterfeit. The content of a PDF or a picture taken during inspection can be altered afterward.
Data collected during an inspection is centrally stored. Should any problems arise, this data can be tampered, thus makes the data less reliable per definition.
In inspection processes, data needs to be shared both internally and externally. As the parties are all isolated from each other, it is hard to share data effectively.
Devices used to collect data during inspection has been verified and contains an ID which is used to sign the submissions of each data entry and report being generated, to create an immutable record.
Demonstrating compliance is crucial in industries that work with dangerous goods or in hazardous environments. By combining LTO Network with the inspection application of Capptions, we enable real-time compliance reporting for all your crucial business processes. This process allows you to gather information for regulatory reporting seamlessly.
We share data that is gathered by the involved parties through the LTO Network connected systems. Stakeholders can benefit from data re-use and reduction of manual process handling.
Administrative tasks such as manually entering data into your system, which in turn was received by letter, fax, or email, belongs to the past. With the blockchain technology of LTO Network, all parties can collect structured data into the systems they use to execute and administer these processes. LTO Network reduces the administrative overhead with more than 30%.
With LTO Network, you don't have to change your entire IT infrastructure. You can use your existing systems and applications to administer, record, and communicate with LTO Network. The implementation of LTO Network is as simple as connecting an API.
Demonstrating compliance is essential in any industry. With LTO Network, you can record all data entries and steps in your business processes to safeguard evidence and comply with regulations. LTO Network enables one-click compliance reporting for both internal and external communication on your business processes.
Using blockchain to streamline processes leads to higher productivity.
Paper-based reports and checklists don't allow for automation.
Data and Inspection reports become more valuable when independently verifiable. Inspection reports become immutable through hashing and anchoring on the LTO Network blockchain.
Inspection reports are prone to mutations. In the case of a calamity, the responsible persons usually want to modify specific information to disculpate themselves.
Data and inspection reports stored on the LTO Network blockchain can be effortlessly, and GDPR compliantly shared among multiple parties, reducing time, costs and improving business efficiency.
Paper-based inspection reports must be scanned, emailed, and subsequently processed into the system that the receiving party uses.
By integrating LTO Network's anchoring service across the Capptions platform, we can give blockchain a mobile face. For Capptions, adding blockchain to our applications is something we consider beneficial to our clients. They are dealing with environmental inspections carried out by the Dutch government, oil terminal inspections for parties like Fujairah Oil and the safe refueling of thousands of aircraft at Schiphol airport. Our inspection app handles sensitive and vital data, so immutability is critical. By implementing blockchain, we're able to let multiple stakeholders monitor and provide one decentralized, secure audit-trail in real-time, at every stage.
