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Briefing
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- Supply Chain Blockchain – IBM and blockchain firm Chainyard announced Trust Your Supplier, new blockchain network based on IBM Cloud that reduces time and cost of qualifying, validating and onboarding suppliers, as well as sharing information with buyers, on August 5, 2019
- Digital Verification – Lets companies verify identities of suppliers, with auditing also done by third-party validators, such as Dun & Bradstreet, Ecovadis and RapidRatings
- Information Sharing – Allows suppliers to share information with permissioned buyers in network, including documents like ISO certifications, bank account information, tax certifications and certificates of insurance
- Unified Platform – Enables single network connecting suppliers and buyers through open programming interfaces, reducing need to share data and onboard in multiple different platforms
- Other Founders – Include American brewing company Anheuser-Busch InBev, Cisco, Lenovo, Nokia, Schneider Electric, GlaxoSmithKline and Vodafone
- Timeline – Will onboard 4,000 of IBM’s North American suppliers in next months with commercial availability projected for 2019 Q3
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Food and Beverage, Healthcare/Health Sciences, Information Technology, Telecommunications
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Function
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Customer Experience and Service, IT Infrastructure, Sales and Distribution Channels, Supply Chain and Logistics
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Organization
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Anheuser-Busch InBev, Chainyard, Cisco Systems Inc., Dun & Bradstreet Corp., EcoVadis SAS, International Business Machines Corp., Lenovo Group Ltd., Nokia Oyj, Rapid Ratings International Inc.
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Source
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Original Publication Date
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August 5, 2019
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