T-Systems, one of the European-leading IT service providers and suppliers of digital services, and Commerzbank have signed a cooperation agreement for collaboration in the industrial sector. Together, the two companies are developing a solution for fully automated supply chains with integrated financial services. The Telekom subsidiary and the Frankfurt-based bank are employing technologies such as 5G campus networks, cloud, artificial intelligence, the Internet of Things (IoT), sensor technology, and blockchain/distributed ledger technologies (DLT). The joint solution uses event-based automation of payment flows to significantly reduce manual billing processes. This forms the basis for further networked financial services (e.g. supply chain finance).
