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