**Summary**

This article introduces AZHOS, a project that aims to set a new standard in the chemical supply chain sector by utilizing blockchain technology. The author, who has been following the project for several months, emphasizes AZHOS’ goal of synchronizing goods and payment flows through the use of sensors. Understanding the challenges of Vendor Managed Inventory (VMI) is essential to grasp how AZHOS addresses issues in the current state of digitalization in the chemical supply chain.

AZHOS seeks to automate financial flows alongside existing supply chain automation, making the financial transactions more efficient through smart contracts and blockchain. This innovation will help alleviate capital binding for suppliers within the chemical industry, which is a significant problem when goods cannot be pre-financed, as dictated by Basel III and IV regulations. Utilizing precise data stored on the blockchain regarding inventory levels creates the necessary proof to optimize financing in this area.

The company is reportedly collaborating with major industry players to implement its services using Quorum, a private blockchain based on Ethereum. Each transaction incurs a fee that will be shared between AZHOS and token holders from its planned Security Token Offering (STO).

**Rewritten Article (300 words)**

AZHOS is revolutionizing the chemical supply chain with innovative blockchain technology aimed at creating a new standard in the industry. The project, which the author has keenly followed for months and even visited, addresses the intricacies of Vendor Managed Inventory (VMI) and the digitalization challenges faced by companies in this sector.

At its core, AZHOS integrates smart sensors within storage tanks to monitor inventory levels in real time. This data is crucial for synchronizing goods and payment flows seamlessly. When inventory is depleted, the sensor triggers automatic payment to suppliers through smart contracts encoded on the blockchain, significantly improving cash flow. This means suppliers no longer endure long wait times for payments, as financial transactions occur almost instantaneously based on actual consumption.

AZHOS’s approach directly counters the issue of capital binding, a pressing problem under Basel III and IV regulations, which limit pre-financing options for non-quantifiable goods. By providing accurate proof of inventory through blockchain records, AZHOS opens new avenues for financing and risk management in the chemical supply chain, marking itself as a pioneering industrial blockchain application.

Currently, AZHOS is working with significant partners in the industry, employing Quorum, an Ethereum-based private blockchain, for secure transaction management. Each transaction generates a fee split between AZHOS and the holders of its forthcoming Security Token Offering (STO), ensuring a mutually beneficial financial framework.

With its cutting-edge technology and strategic partnerships, AZHOS represents a highly promising real-world blockchain use case in the chemical industry, paving the way for more efficient supply chain management solutions.