News / Wallenius Wilhelmsen buys into blockchain supply chain specialist Vinturas

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Ro-Ro line Wallenius Wilhelmsen has acquired a stake in Vinturas, a blockchain-based supply-chain visibility platform for the automotive industry.

Groningen-based Vinturas says it is creating an “end-to-end supply chain visibility framework” based on the IBM blockchain platform, which is designed to eliminate paper, spreadsheets and e-mails, while “removing the insecurities of conventional blockchain systems”.

Under IBM’s Hyperledger Fabric, participants are all known to each other, which reduces the possibility of cyber-attacks, a problem that decentralised public networks like Bitcoin and Ethereum face.

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