Grid, a new project from the Linux Foundation, will offer developers tools to create supply chain-specific applications running atop distributed ledger technology.
Sourced through Scoop.it from: www.computerworld.com
Check out the Linux Foundations new Blockchain scheme.
Within the Hyperledger project they have created a group of developer tools which let developers create supply chain orientated applications. This platform runs on top of the existing distributed ledger technology (DLT).
The first offering will be that of modular software and smart contract features. This will help solve problems such as tracking and tracing dispatched products as well as E-signatures for Bill’s of Laden and Bills of landing.
Its a promising initiative that is targeting a growth area in that of the supply chain.
The goal for the Hyperledger Grid Project as its called is to accelerate the development of effective solutions for supply chain challenges.
DLT is a technology that is primarily aimed at supply chain management, as well a inter-border payment processing.
Take medical packaging as an example. Under IDMP (Identification of medical products) standards there are five ISO identifiers that make up a unique traceable number. This can be used to track drugs and samples in transit.
It would seem the main attraction for businesses is that this kind of Blockchain technology is that it enables them to share often complex data across organisational boundaries. It would also allow them to maintain the accuracy and rigor of such data. This could vastly improve efficiency for say medical packaging companies or those involves in complicated cross border supply chains. Just last week SAP announced a supply chain tracking service based on Blockchain technology. It enables drug distributors to check and authenticate pharmaceutical packaging that has come back from hospitals and pharmacies.