Mumbai, Nov 30(UNI) Diversified multinational group .The Mahindra Group and IBM today announced the development of a blockchain solution that has the potential to reinvent supply chain finance across India by enhancing security, transparency and operational processes. This cloud-based application, one of the first projects of its kind in India outside of traditional banking, is designed to transform supplier-to-manufacturer trade finance transactions through a permissioned distributed ledger., company release said. The blockchain-based supply chain finance solution will enable all parties involved in the transaction to act on the same shared ledger, with each party updating only their part of the process, ensuring efficiency, consistency, trust and transparency, while safeguarding sensitive information. Invoice discounting, the process of bundling and selling invoices at a discount, is a major source of working capital finance for many suppliers. This new solution aims to enable more suppliers to access credit, with the goal of driving more financial inclusion throughout the supply chain. Supplier-to-manufacturer invoice discounting processes have historically been said to be difficult, slow and risky, requiring each party to maintain and manually update separate ledgers. Human errors during this process have been known to create inconsistent records, ultimately resulting in delayed payments and capital that cannot be accessed. UNI JS SM1419