Copy link
Increase text size
Decrease text size
Link copied

Retail giant Target reveals details of blockchain supply chain project

Photo credit: Mjs92984, via Wikimedia Commons

Tue, 11 Jun 2019, 04:57 am UTC

Retail giant Target has revealed that it has been working on a blockchain proof of concept (POC) for the management of supplier certifications.

The project, which began in mid-2018, was open sourced under the codename ‘ConsenSource’ this year, Target said in an online post dated April 22. The POC was initially focused on Target’s own branded paper product manufacturing.

According to the description on GitHub:

“ConsenSource is a blockchain application to help verify that products are sourced sustainably from certified factories. Specifically, this application serves as a common platform to verify and display supplier certifications and audit data between standards bodies, certification bodies, and factories.”

Joel Crabb, Target’s vice president of architecture, said that while they were working on the blockchain supply chain project, they came to know about global food giant Cargill’s efforts to create a blockchain-based supply chain solution for storing data and transactions, which later became Hyperledger Grid.

Hyperledger officially announced Hyperledger Grid in January this year, naming Cargill, Intel and Bitwise IO as primary contributors. The new project, it said at the time, aims to accelerate the development of blockchain-based solutions to cross-industry supply chain problems.

Crabb announced Target’s support for Hyperledger Grid, saying:

“I’m proud that Target will support the Hyperledger Grid project, and that we’re committing dedicated engineering resources to build out components in the Grid architecture!

“Working directly with one of our largest food suppliers will allow Target and all other participants to learn from one another as blockchain technologies mature. This also gives us an instant use case in determining which data to share and how to govern a multi-enterprise, blockchain-backed distributed ledger.”

ConsenSource runs on Hyperledger Sawtooth, an enterprise blockchain platform.

A source within Hyperledger previously told CoinDesk that Target has been working on a supply chain product under the Hyperledger consortium since last year. The company has also reportedly joined the Sawtooth Supply Chain project, which aims to build a distributed application for tracking the provenance of food and other assets.

Target is currently seeking a blockchain engineer and systems developer, CoinDesk reported citing the company’s career page. The new engineer will be making contributions to both ConsenSource and Hyperledger Grid.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,312.30 (-0.25%)
  • Ethereum (ETH) $159.47 (-0.14%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $307.61 (-1.20%)
  • Bitcoin SV (BSV) $256.54 (+1.83%)
  • Bitcoin (BTC) $8,312.30 (-0.25%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft