IBM and other companies launch blockchain network for supply management
The decentralised Trust Your Supplier network will improve manual and cumbersome supply chain management
New York — International Business Machines Corporation (IBM) announced on Monday a new blockchain network aimed at improving manual and cumbersome supply chain management.
Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw materials, inventory, and finished goods. It has been identified as one area that can benefit from blockchain technology, a shared database maintained by a network of computers connected to the internet.