IBM Launches New Blockchain Supply Chain Product Using Red Hat Tech

Published at: Oct. 11, 2019

Global tech giant IBM has launched a new integrated supply chain product based on IBM’s technologies including Watson AI and IBM Blockchain.

Hybrid-cloud integration

Called Sterling Supply Chain Suite, the new IBM’s product enables hybrid-cloud support of data integration between manufacturers, retailers and other network participants, purportedly providing greater reliability, transparency and security, the firm announced on Oct. 8.

Specifically, the level of integration flexibility provided by the new service enables enterprises to update and improve their supply-chain solutions in accordance with business needs.

Red Hat acquisition

IBM says the open-architecture capabilities of Sterling Supply Chain Suite services are strengthened by the company’s recent acquisition of Red Hat, a provider of enterprise open-source solutions, which IBM acquired in July 2019 for a total equity value of $34 billion.

Specifically, clients have a choice where to run their workloads and the ability to link them to value-added services in the IBM Sterling Supply Chain Suite.

For instance, once certified, IBM Sterling Order Management containers for Red Hat OpenShift will allow clients to continue to run their software in their own datacenter or in any cloud, the press release notes. 

IBM is one of the biggest companies trialing blockchain-powered technology in supply chain and logistics. In mid-September, a group of global coffee companies announced their plans to launch a blockchain platform for the supply chain of coffee using an IBM-developed app by early 2020. 

In late August, Thailand’s Customs Department revealed it will be using IBM’s Tradelens blockchain solution to track shipping in Thai ports.

Tags
Blockchain
Cloud Services
Supply Chain
Ibm
Related Posts
National Fisheries Institute and IBM’s Food Trust Work on Seafood Blockchain Traceability
United States seafood trade association National Fisheries Institute (NFI) is working with IBM’s blockchain supply chain solution Food Trust to trace seafood, food-related news outlet FoodOnline reports on June 11. Per the report, this is the first effort to track multiple seafood species jointly pursued by multiple companies. Furthermore, NFI members representing harvesters, importers, processors, cold storage, foodservice restaurants and retail are all reportedly involved in the program. The project is purportedly funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O’Scannlain commented on the development: “Traceability is nothing new to the seafood community but blockchain is [...] …
Blockchain / June 13, 2019
US FDA Partners With IBM and Walmart to Improve Drug Supply Chain Using Blockchain
The United States Food and Drug Administration (FDA) has partnered with four global high-profile firms to apply blockchain in the drug supply chain, tech media outlet ZDNet reports on June 13. The FDA has reportedly teamed up with companies including IBM, Walmart, Big Four auditor KPMG, and the world's oldest pharma firm Merck in order to build a proof-of-concept (PoC) blockchain network to share and track data on distribution of prescription drugs. According to the report, the initiative is connected with the United States Drug Supply Chain Security Act (DSCSA) and intends to assist the FDA — as well as …
Adoption / June 13, 2019
French Retail Chain Carrefour Registers Sales Boost Following Blockchain Integration
French retail giant Carrefour has seen an increase in sales after the implementation of a blockchain-based tracking system, Reuters reported on June 3. Carrefour’s blockchain tracking system enables customers to track the supply chain of 20 items, including meat, milk, and fruit from farms to stores, thus avoiding products with genetically modified organisms, antibiotics, and pesticides. This year, the company reportedly plans to add 100 more products, including non-food lines, to the system. Emmanuel Delerm, Carrefour’s blockchain project manager, told Reuters that “the pomelo sold faster than the year before due to blockchain. We had a positive impact on the …
Adoption / June 3, 2019
IBM-Backed Blockchain Platform to Improve Supply Chain Management in Mining Industry
Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. IBM announced the initiative in a press release published Jan. 16. MineHub is a company that uses technologies including blockchain to develop cost-saving applications for the metals and mining industry. The newly announced mining supply chain platform will be built on the cloud-based IBM Blockchain Platform powered by the Linux Foundation's Hyperledger Fabric. The solution targets the inefficiencies of the global mining and metal market — which is estimated at $1.8 trillion. These include …
Blockchain / Jan. 17, 2019
Capital Goods Giant CNH Industrial Partners With IBM on Long-Term Blockchain Upgrade
One of the world’s largest capital goods companies has agreed to a multiyear deal with IBM to implement blockchain technology, a press release confirmed July 26. UK-based CNH Industrial, which owns twelve international brands including Iveco and Case IH, will seek to enhance a range of internal processes as part of “reviewing and optimizing its global activities.” “Areas that will be directly enhanced include Supply Chain and the inventory management of the Company’s Parts & Service business, which will deliver ever greater service to its customer base,” the release states. While details of the implementation remain limited, CNH will leverage …
Blockchain / July 27, 2018