NTT DATA And Skuchain partner to bring blockchain to enterprise supply chains

By James Henderson
Skuchain, Inc. and NTT DATA have entered into a partnership to empower enterprise supply chains with blockchain to extract maximum value from the $18trn...

Skuchain, Inc. and NTT DATA have entered into a partnership to empower enterprise supply chains with blockchain to extract maximum value from the $18trn dollar market for global trade.

In a release, the companies said that in the same way the Internet gave birth to e-commerce, blockchain provides the foundation for collaborative commerce, in which enterprises are uniquely able to work together to unlock gains.

Under the partnership, Skuchain and NTT DATA will finish building an integrated blockchain IOT platform that combines Skuchain's blockchain-based EC3 platform with NTT DATA's iQuattro platform for systems integration.

The result, the companies say, is a commercial solution for enterprises that captures the value hidden in their large supplier base with secure logistics management, cash flow relief and collaborative inventory planning.

SEE ALSO:

This integrated platform will be jointly marketed by Skuchain and NTT DATA to enterprises in Japan and other markets and deployed across their global supply chains.

Its blockchain IOT platform uses the transformative potential of cutting-edge blockchain technology to manage and optimize all aspects of the supply chain, including Skuchain's Popcodes app for tracking and tracing goods that provides greater visibility and greater control over the supply chain.

In addition, Skuchain's Brackets smart contracts app enables the continuous flow of transactions and data and automation with precise control.

As a first step in the partnership, Skuchain and NTT DATA completed a pilot with a large Japanese company and their supply chain in China using Skuchain's Popcodes track and trace system.

Additional pilots are underway with other Japanese conglomerates, including for smart contract governance and inventory financing.

Share

Featured Articles

The Global P&SC Awards: One Month Until Submissions Close

Just one more month until submissions close for The Global Procurement & Supply Chain Awards in 2024

Top 100 Women 2024: Susan Johnson, AT&T – No. 6

Supply Chain Digital’s Top 100 Women in Supply Chain honours AT&T’s Susan Johnson at Number 6 for 2024

WATCH: Ivalua and PwC Navigate the Future of Procurement

In this on-demand webinar, leaders from PwC and Ivalua examine key findings from the consulting giant’s Global Digital Procurement Survey 2024

Top 100 Women 2024: Karen Jordan, PepsiCo – No. 5

Digital Supply Chain

P&SC LIVE New York: Patricia Mendoza Rodriguez – VP

Procurement

One More Month to Go: Procurement & Supply Chain LIVE Dubai

Digital Supply Chain