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IBM launches blockchain solution for supplier identification, information sharing for buyers

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Logistics Update Africa
IBM launches blockchain solution for supplier identification, information sharing for buyers
 

IBM has launched a new blockchain solution named Trust Your Supplier (TYS), which aims at improving supplier validation, onboarding, and life cycle information management. Together with Chainyard, IBM with some major shippers, including GlaxoSmithKline, Lenovo, and Vodafone, have already signed up to it.

 

"Blockchain has the ability to completely transform how companies onboard and manage their supplier network. Through TYS, both buyers and suppliers will the see the procurement benefits of blockchain through reductions in cost, complexity, and speed," noted Renee Ure, chief supply chain officer for Lenovo's Data Centre Group.

 

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