Seagate Entering Pilot Stage For Blockchain Supply Chain Project
Supply chain has become a relatively common enterprise use case for blockchain, adding clarity and trust to the slew of processes involved in a product’s journey to the customer. Tech giant Seagate is entering the pilot stage of its blockchain project, using the technology to follow hard drives throughout the supply chain.
In 2018, Seagate dove into blockchain, using IBM’s blockchain platform, as well as working with them as a major hard drive customer. “Last year, we started a proof-of-concept [PoC] with IBM, and the proof-of-concept was about product provenance,” Seagate research group managing technologist of data security Manuel Offenberg said to me in a July 18 interview. “Earlier this year, we wrapped up the proof-of-concept.”
Technological advancements over the years have allowed greater reach for products. Customers in the United States can now order items from across the globe with ease, a feat not common even one hundred years ago. With this greater reach also comes greater complexity. Products undergo a myriad of steps and stops before reaching the buyer. Many companies have harnessed blockchain, the technology made famous for underpinning digital asset bitcoin, to bring greater clarity and trust to the marketplace.
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Source: www.forbes.com
