Case Study — Blockchain Traceability in PetrochemicalsDigital Assurance Hub / BQCIS |
This case study explains how BQCIS applied blockchain-based traceability for petrochemical
shipments, securing the entire chain of custody from production units to downstream buyers.
Certificates, seals, and laboratory results were digitized, timestamped, and stored on
blockchain, accessible through the
Digital Assurance Hub.
Challenge
A global petrochemical supplier transporting ethylene and propylene faced repeated
challenges around authenticity of test results and seal integrity.
Disputes from counterparties caused $15M in claims annually due to suspected document tampering.
BQCIS Approach
- Every laboratory certificate was digitized and uploaded into
BQCIS Blockchain Registry. - QR-secured seals were affixed to each ISO tank and container.
- Smart contracts automatically triggered alerts for custody breaches or late uploads.
- Third-party auditors accessed immutable data via permissioned blockchain nodes.
Results
- Zero tampering incidents recorded across 1,200 containers in first year.
- Dispute resolution time dropped from 45 days to under 7 days.
- Counterparty confidence increased; joint-venture partner added blockchain as contract requirement.
- Aligned with ISO 22739 Blockchain Standards.
Benefits
The blockchain-enabled assurance program provided:
- Immutable Evidence — Every certificate digitally timestamped and stored.
- End-to-End Visibility — Stakeholders accessed custody logs in real time.
- Reduced Claims — Annual disputes reduced by over 80%.
- Regulatory Trust — Data aligned with EU chemical safety requirements.
Compliance & Standards References
- QR-Secure Certificates
- Client Portal
- Blockchain access nodes verified by ICC Trade Rules.