Blockchain for supply chain explained through art

Learn about the art of the possible from IBM clients and the works of five artists.

Overview

Supply chain data is not always visible, available or trusted. IBM Blockchain helps supply chain partners share trusted data through permissioned blockchain solutions.

In times of disruption, this matters more than ever. Businesses and consumers want brands to guarantee product authenticity, while supply chain participants demand responsible sourcing and better visibility to minimize disputes.

IBM commissioned Forrester to investigate how supply chain leaders are using data to handle the disruptions of today and report on how the use of blockchain can help them in the future.

Benefits

Increased supply chain transparency

Supply chain networks can be limited by one-up/one-down visibility. Through distributed ledger technology that provides a shared, single version of the truth, IBM Blockchain supply chain solutions give permissioned participants greater visibility across all supply chain activities.

Build a resilient supply chain

One unexpected event can cause a cascading array of supply chain disruptions. IBM Blockchain supply chain solutions use smart contracts that automatically trigger when pre-defined business conditions are met. This gives near real-time visibility into operations, and the ability to take action earlier should there be an exception.

Streamlined supplier onboarding

New supplier onboarding is a time-consuming, manual experience for both buyers and sellers in a supply chain. IBM Blockchain supply chain solutions can speed this process through an immutable record of new vendor details that business network participants can trust.

Solutions

Vaccine distribution: Building trust to build acceptance

To be effective, new vaccines need to be widely trusted. From inception to injection, a new network powered by IBM Blockchain can help build that trust. Vaccine distribution can be traced every step of the way to help assure manufacturers, distributers, dispensers, and the public.

Supply chain transparency: greater efficiency based on mutual trust

Build on the foundation of leading networks to create your own blockchain ecosystem to share data with trusted supply chain partners using IBM Blockchain Transparent Supply. Transact faster with an immutable, shared ledger that gives you end-to-end and real-time visibility.

Blockchain for food: creating a smarter and safer food system

To help increase food safety and freshness – and unlock supply chain efficiencies – IBM Food Trust™ is bringing together a diverse group of growers, distributors and retailers. Their collaboration is delivering real business results and boosting confidence in the world’s food supply.

Container logistics: building trust between partners

To oversee container logistics worldwide, more than 150 exporters, importers, freight forwarders, customs authorities and more now work collaboratively through TradeLens, the open and neutral supply chain platform underpinned by blockchain technology.

Supplier management: digital identity verification for procurement

To help accelerate supplier onboarding and lifecycle management, Trust Your Supplier creates a trusted, digital identity for suppliers that can be used to begin relationships with multiple buyers. This helps them avoid redundant submission of the same information, reducing the time to first transaction.

Blockchain and supply chain services

Schedule a free 1-on-1 consultation with a blockchain expert to discuss your business needs

Blockchain for supply chain case studies

Advancing global trade with blockchain

To succeed in the global marketplace during the Covid-19 crisis, organizations need to know when and how to share data. In this report from the IBM Institute for Business Value (IBV), you will learn about the benefits blockchain brings to global trade by supplying trusted data across interconnected networks.

Counterfeit prevention in pharmaceuticals

In some countries, counterfeit pharmaceuticals account for 70% of all drugs in the supply chain. A recent pilot by KPMG, Merck, Walmart and IBM using blockchain injects new trust into the system by reducing the time it takes to trace prescription drugs from 16 weeks to just two seconds.

Responsible sourcing of minerals

Bringing together leading OEMs, miners and smelters, the Responsible Sourcing Blockchain Network provides much-needed transparency into the origin of battery metals like cobalt. This reduces many of the legal, reputational and commercial risks participants have previously faced.

Visibility in the oil and gas industry

Unexpected events often throw supply chains into turmoil. The Vertrax Blockchain provides new transparency to oil and gas supply chain participants so they can respond to demand spikes due to severe weather and other unforeseen events — all in the computing environments of their choice.

Resources

Build a smarter supply chain for tomorrow 

AI provides real-time intelligence and recommendations to get ahead of supply chain transaction issues to help ensure orders are delivered on time. Blockchain provides transparency and increases trust with multi-party visibility of digital events across your supply chain.

Blogs: Blockchain for supply chain

Blockchain is rapidly unlocking value in supply chains across industries and around the world. Read use cases from our extensive library of blockchain for supply chain blog content, authored by IBM clients, business and technical experts, and other industry leaders.

Blogs: Blockchain in food safety

The food supply is the one supply chain we all depend on. Learn how growers, distributors, retailers and others in food’s journey from farm to fork are using IBM Food Trust to promote greater visibility, profitability and trust.

IBM Supply Chain Consulting Services

Create more intelligent workflows with IBM Services™. We’ll help you find new ways to uncover hidden efficiencies, promote better execution and delivery, integrate emerging technologies and discover new opportunities across the value chain.

Build smarter supply chains

Built to be resilient, smarter supply chains adapt when facing disruptions. They can scale to meet new demands as customer needs change. They are more reliable and designed to build trust between you and your customers.

What is supply chain management?

When you understand supply chain data better, you understand how your supply chain can operate better. Explore insights from IBM supply chain experts, the full range of IBM Sterling Supply Chain applications and more.

Next steps