Cloud

Linux’s Hyperledger to give developers supply chain building blocks


The Linux Foundation’s blockchain initiative – Hyperledger Project – has created a set of developer tools to allow the creation of supply chain-specific applications running atop the distributed ledger technology (DLT).

The Hyperledger Grid project, as it’s called, will initially offer businesses modular software and smart contract components to address problems such as tracking and tracing shipped goods, electronic certifications and bill of lading exchange.

“Supply chain is one of the most promising areas for blockchain use cases, and implementation of many of these use cases can benefit from capabilities which can be provided by a shared platform,” the Linux Foundation said earlier this week. “This project will accelerate the development of blockchain-based solutions to cross-industry supply chain problems.”

Along with cross-border payments, supply chain management is considered one of the premier uses for DLT.

Companies such as Maersk, De Beers and Walmart have launched pilots to track and trace goods, from cargo containers and diamonds to produce.

blockchain tradelens supply chain IBM, Maersk

Shipping containers leave a port via railroad.

“Initially, we plan to anchor much of the domain model work on GS1/GTIN standards, but many other implementations could be contributed and published, including models such as those being created by the Open Data Initiative, or more nuanced industry models like Identification of Medicinal Products (IDMP),” Hyperledger said in its announcement.



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