Blockchain for supply chain solutions

Resolve issues faster. Build trust and stronger relationships. Businesses are strengthening supply chain networks with IBM Blockchain.

Overview

Resilient, transparent, and trusted supply chains

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.

Blockchain for supply chain solutions help supply chain leaders use data to handle the disruptions of today and build resiliency for 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


Industries
Blockchain for supply chain case studies
Driving auto supply chains forward with blockchain Renault Group has moved its supply chain documentation to blockchain — and invited the rest of the auto industry to join in. The distributed ledger technology makes it possible to share and track information across various users. See Renault ensure compliance across supply chains (03:09) Read how Renault is streamlining documentation Increasing trust in retailer-supplier relationships The Home Depot’s use of blockchain is increasing visibility into the supply chain, leading to faster vendor dispute resolutions, stronger relationships with suppliers, and more time for innovation. See how The Home Depot builds trust (02:57) Read interview with The Home Depot (502 KB) 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. Read about multi-cloud blockchain (619 KB) 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. Read the IBV report (578 KB) 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. Read the FDA report (2.9 MB) 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. Read the blog post
Resources


Next Steps

Learn how to get started

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