Certification company SGS and supply chain services provider Transparency-One are working together to use blockchain for supply chain. SGS is one of the largest inspection and certification companies in the world with 2018 revenues of Swiss Franc 6.7 billion ($7.4 billion).
The blockchain service is built on Transparency-One’s supply chain digitization and mapping technology. It acts as another layer of security for client data. To add additional credibility, SGS validates certain information entered into the platform, such as supplier certifications. Updated data is stored as additional transactions while retaining the history of a supply chain participant.
“Transparency-One maps the complete supply chain down to the raw material, and blockchain ensures that every step of the process is permanently recorded, providing an even higher level of data security,” said Frédéric Daniel, CTO of Transparency-One in an earlier
announcement.
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