CNH Industrial Announces Multiyear Blockchain Partnership with IBM
IBM has consistently been one of the most popular supporters of increasing blockchain capabilities and technologies. Though the company was founded long before blockchain technology began to dominate the technological sector, it has made ample use of the tech in its work on the establishment of the Internet of Things (IoT) to apply to multiple budding industries.
IBM is particularly concerned with innovating the way that business is done on the supply chain management side of the process. Their work in the information technology sector has been industry-changing in a number of ways as they provide their clients and partners with new ways to manage, transmit, and store information while making things happen in the real world. The company has never shied away from blockchain-related technology before, and has even helped to bankroll blockchain-based enterprises in the past.
In fact, the company has actually established their own “IBM Blockchain” subsidiary, which deals with their involvement in information technology enterprises and research relating to blockchain tech. Their most recent involvement in the blockchain tech comes from a partnership the company recently announced with capital goods company CNH Industrial in the UK.
CNH is a United Kingdom-based company known for being among the most significant capital goods companies in the entire world. During what spokespeople for the company have referred to as an ongoing internal review process, the company has opted to work with IBM Blockchain on a variety of solutions which may be able to increase the efficiency of their model.
Two areas of particular interest to the company are supply chain and inventory management, two important aspect of any large business specializing in the dealing of goods. The full details of the project have yet to be released, but it seems pretty clear that the cloud-based information management tools offered and boasted by IBM Blockchain will become integral parts of the internal review process and subsequent changes within the UK company.
A Shift In Paradigm
The company has been clear in their conviction that this is a significant move, both for the organization in the industry. A spokesperson for CNH elaborated that there has been a “shift” in their business, and that implementation of IBM’s data centers is now an essential part of a changing model for how information and data is managed by supply companies.
Blockchain technology is revered for its ability to enhance both security and efficiency while providing an organized way to securely hold and track information packets. Consequently, professionals all over the world are turning to blockchain technology in an effort to better understand how they might be able to add efficiency and reduce costs to their own supply management models within their organizations.
More details regarding this momentous partnership are likely to be released with time. However, it is clear from the initial announcement that IBM Blockchain is becoming a clear frontrunner in the race to make information technology in the supply chain process as fast and efficient as possible.