IBM rolls out blockchain-based supply chain service with AI, IoT integration
By MYBRANDBOOK
IBM has launched a new supply chain service based on its blockchain platform and open-source software from recently-acquired Red Hat. It will allows developers and third-party apps to integrate legacy corporate data systems onto a distributed ledger.
The new Sterling Supply Chain Suite allows distributors, manufacturers and retailers to integrate their own data and networks – as well as those of their suppliers – onto a Hyperledger-based blockchain to track and trace products and parts through the use of open APIs. Among the data that can be integrated are IoT sensor systems for real-time shipment position location. Through APIs, the IBM Sterling Supply Chain Suite ties to legacy infrastructure such as Warehouse Management Systems (WMS), ERP systems, Order Management Systems and commerce applications.
IBM acquired the new suite, which falls under the "Sterling" Order Management (SOM) brand name, from AT&T in 2010. It already has an existing user base of more than 7,000 customers who have an additional 500,000 trading partners. IBM integrated Watson's AI capability to offer applications – among them, Order Optimizer and Supply Chain Insights – that can produce real-time alerts and recommendations through its Supply Chain Business Assistant (SCBA).
Once a customer is logged into the Sterling Supply Chain Suite service, it has its own dashboard allowing it to search the status of a purchase order or product inventory. Users can also quickly onboard trading partners by choosing an "add new partner" icon and then filling out fields that include company name, contact communication protocol (email, for example), and what transactions and data sets they're allowed to view. Then as it is clicked 'OK' and the other party gets a notice that they click on and they're onboarded.
IBM had already launched supply chain network pilots for food, general cargo shipping and even the diamond trade to track products through its cloud-based Hyperledger blockchain platform. The new supply chain network will enable greater integration with existing enterprise ERP and database systems.
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