IBM and Chainyard Create New Blockchain Network To Simplify Supply Chain Management For Enterprises

IBM and Chainyard have joined forces to create a new blockchain network designed to simplify supply chain management for enterprises. The Trust Your Supplier network works by creating a digital passport for supplier identity on the blockchain, allowing companies to share information with any permissioned buyer on the network. Gartner: blockchain will support the global movement and tracking of $2 trillion worth of goods and services annually by 2023. Leading enterprises have already signed on to work alongside IBM across the TYS network to solve challenges related to supplier information management.