One of the world’s largest capital goods companies has agreed to a multiyear deal with IBM[1] to implement blockchain[2] technology, a press release[3] confirmed July 26.
UK-based[4] CNH Industrial, which owns twelve international brands including Iveco and Case IH, will seek to enhance a range of internal processes as part of “reviewing and optimizing its global activities.”
“Areas that will be directly enhanced include Supply Chain and the inventory management of the Company’s Parts & Service business, which will deliver ever greater service to its customer base,” the release states.
While details of the implementation remain limited, CNH will leverage IBM Blockchain, a bespoke platform based on Hyperledger[5] technology delivered through IBM Cloud, which has seen implementations[6] across global industry this year.
“This agreement marks a shift in the business to extensive Cloud implementation that leverages upon IBM’s Cloud Private Platform, while continuing to operate with IBM’s data centers and CNH Industrial’s on-premises IT infrastructure,” the company added.
Supply chain enhancement is an area currently receiving particular attention from a range of players, blockchain reportedly having a key role to play in reducing costs and timings while enhancing security. In January, IBM announced[7] it would launch a dedicated blockchain-based supply chain company in conjunction with Danish logistics giant Maersk.
References
- ^ IBM (cointelegraph.com)
- ^ blockchain (cointelegraph.com)
- ^ press release (www.cnhindustrial.com)
- ^ UK-based (cointelegraph.com)
- ^ Hyperledger (cointelegraph.com)
- ^ implementations (cointelegraph.com)
- ^ announced (cointelegraph.com)
