IBM and the India-based multinational Mahindra Group have announced the development of a blockchain solution aimed at the supply chain. The project will be the first of its kind in India outside of the banking sector, with a mission to enhance security and transparency between supplier-to-manufacturer trade.
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IBM Teams up With Billion Dollar Mahindra Group to Enhance Supply Chain
The Mahindra Group is a large conglomerate holding company with operations in many markets including automotive, aerospace, construction equipment, agribusiness and more. The two companies’ proof-of-concept blockchain aims to enhance the supply chain through a distributed shared ledger. The protocol is a cloud-based application that creates a more efficient environment by improving trust, cutting costs and protecting data more securely.