Goods, information, and finance are three important entities that flow through a supply chain. While operations research and internet technologies have greatly optimized the flow of goods and information, creation of B2B collaborative networks is challenged by the following limitations:
holders participating in multitude of interactions requiring several layers of privacy and security
A stake-holder can belong to multiple supply chains
Same set of businesses can work in competing and collaborative modes in different interactions
Disparate ERP, WMS, IoT systems owned by different businesses limits real time coordination and compliance
Financial and governing institutions with legacy compliance processes
At IBM, we are using Hyperledger Blockchain as an enabling technology to create B2B collaborative networks. Hyperledger is a permissioned blockchain technology suitable for B2B interactions with configurable layers of security and privacy.
The video is a demo of IBM and Maersk's joint offering for digitizing and simplifying the supply chain for global trade using Hyperledger technology. The solution envisions to track and manage paper trail of tens of millions of shipping containers across the world. When adopted at scale, the solution has the potential to save the industry billions of dollars, while providing unprecedented end-to-end transparency and enabling highly secure sharing of information among trading partners.