Yesterday, engineering and technology services provider Science Applications International Corporation (SAIC) announced plans for a blockchain pilot with The Goodyear Tire & Rubber Company to secure supply chain transactions.
Based in Virginia, SAIC is a leading U.S. government services contractor. It is currently the sole contractor of the Global Tire Program, providing total supply chain management solutions of tires for the Air Force, Coast Guard, Marine Corps, Navy, and Foreign Military Sales. SAIC said it had delivered over 1.5 million tires in the past eight years, with a fill rate of 97%. The company has revenues of $6.5 billion.
Ohio-based Goodyear is one of the top tire manufacturers in the world and had a revenue of $14.7 billion in 2019. The tire-maker has been on the Fortune 500 list for 25 years now.
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