News / Major shippers quick to form a link with new IBM blockchain solution

© Stepanenko Oksana

IBM has launched a new blockchain solution, aimed at improving supplier validation, onboarding and life cycle information management.

Together with Chainyard, the firm announced the launch of Trust Your Supplier (TYS) with news that some major shippers, including GlaxoSmithKline, Lenovo, and Vodafone, have already signed up to it.

Chief supply chain officer for Lenovo’s Data Centre Group Renee Ure said the new platform could prove “transformative”.

“Blockchain has the ability to completely transform how companies onboard and manage their supplier network. Through TYS, both ...