Early this week, a multinational technology firm launched Trust
Your Supplier, a new blockchain network designed to improve
supplier qualification, validation, onboarding and life cycle
information management in the supply chain industry. Leading
technology, telecommunications, pharmaceutical, beverage and
manufacturing firms have already joined the network as founding
participants. The same multinational technology firm also recently
partnered with a California-based technology firm to pilot a
blockchain project that will track hard drives through the supply
chain. The multinational technology firm is both the customer of
these drives and the provider of the underlying blockchain
platform. According to reports, the supply chain solution will
track products sold to the customer and products returned to the
supplier to ensure that only genuine devices, rather than
counterfeit ones, are returned.
