IT consulting giant Accenture Global Solutions is going to be using blockchain to streamline and automate shipping logistics.
Accenture is one of the largest global IT employers in India with a headcount of over 150,000. Out of those, over 4,000 employees are working on new-age technologies and innovative solutions.
The company filed a patent with the US Patent & Trademark Office on 26th July 2018.
The abstract of the patent is as follows:
“A device may receive an indication that a product has arrived at a destination. The product may have been shipped by an entity to the destination. The device may perform an analysis of the product to determine an attribute of the product. The device may perform a comparison of information identifying the attribute of the product and information included in an encrypted record, for the product, of a blockchain, to verify the attribute of the product. The information included in the encrypted record may be related to the attributes of the product. The attributes of the product may have been determined by the entity that shipped the product to the destination. The device may determine whether the attribute of the product is verified based on performing the comparison. The device may perform an action based on determining whether the attribute of the product is verified.”
Though blockchain has grabbed a lot of attention globally as a transformational technology post its use in cryptocurrencies, the large-scale implementation by enterprises is still in a nascent phase. The company had already piloted the solution in these companies, which would soon see enterprise-level implementation.
“After a year of discussion and co-innovation with one of our oil and gas clients, proof of concept and solutions have been signed up. Now, they are going for full-scale global implementation. It will happen soon,”
according to Mohan Sekhar, Senior managing director and lead at Accenture Advanced Technology Centers in India.
“We are doing a lot of work from our Indian center.”
Earlier this month, Accenture had partnered with Thales to develop aerospace supply chain blockchain. The purpose was to assist in securing supply chains, thereby making them more streamlined for the aerospace and defense industry.