The new solution utilises IBM’s Hyperledger technology and AWS’ cloud platform.
As the latest step in its ongoing digital transformation strategy, Tristar Group, a logistics solutions provider, has unveiled a new Proof of Concept (POC) based on blockchain technology aimed at supporting its logistics business.
Utilising IBM’s Hyperledger technology and Amazon Web Services’ cloud platform, Tristar aims to improve visibility and transparency across the supply chain process. Tristar’s private blockchain will include end-to-end warehousing and transportation processes, while providing real-time over and analysis.
Eugene Mayne, Tristar’s Group CEO, said: “Blockchain technology gives us the ability to provide irrevocable verification and oversight to complex processes and movements of products to our customers. Records stored in the blockchain are computationally almost impossible to alter, leading to unprecedented verification and transparency to all stakeholders involved in a particular transaction.”
He added: “We are proud to once again place Tristar at the forefront of our industry. Blockchain technology has the potential to disrupt the logistics industry in the same way that the internet disrupted traditional business models around 20 years ago.”