IBM, a chain chain consultant, chainyard, is a new block chain network designed to improve supplier quality, validation, on boarding and life cycle information management (TYS) was announced.

According to IBM, the use of a non centralized nature and a disjunctive audit trail feature has led to the elimination of manual operations in the supply chain, and the risk reduction of injustice and error.

According to the company, TYS will create a digital passport to prove the identity of the supplier on the block chain network and allow the supplier to share information with the approved buyer on the network.

IBM has created a new business opportunity to create new business opportunities by block chain, and will contribute to the reduction of time and cost associated with the new supplier's clarification, validation and management.

During the establishment of TYS, Anheuser Busch InBev, Cisco Systems, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric, Vodafone are named.

On the other hand, third party validators such as Dun & Bradstreet (DB), ecovadis and rapidrratings, which analyze and evaluate corporate operational and financial conditions, provide external verification / audit functions directly on the network.

Through TYS, both buyers and suppliers will be able to enjoy procurement related Merritt, a chain chain, with speed and complexity reduction and speed improvement, "(URU)

IBM has more than 8500 suppliers in the world and plans to start using TYS at its own company. The company said it would take 4000 months to join North American suppliers.

Currently, only the existing participants can use TYS, but the company plans to enable commercial use in the year 2019.

TYS is built on the IBM blockchain platform that IBM cloud hosts.

The IBM blockchain platform is based on "hyperledger fabric", an open source block chain project that the Linux foundation hosts.

This article is an editorial of CBS Interactive from Asahi.

ZDNet Japan