Retail Giant Target Now Using Blockchain to Improve Supply Chain Processes
- Target is currently working on a blockchain product to improve its supply chain.
- The retail giant Target is currently working on a blockchain network for supply chain management called ConsenSource. The goal was to support the Hyperledger Grid project, a supply chain framework in which larger companies such as Cargill participated on.
Target Retail Giant Works With Blockchain Technology
In order to boost the distributed ledger technology work, the company is now searching for a blockchain engineer and a systems developer. The engineer is going to be contributing to the open-sourced ConsenSource and to the Hyperledger Grid. The intention is to work on smart contracts, DLT, protocols and more. This is according to a recently published job posting.
In its corporate blog, Joel Crabb, Target’s vice president of architecture, commented:
“I’m proud that Target will support the Hyperledger Grid project and that we’re committing dedicated engineering resources to build out components in the Grid architecture.”
Target Working on Sawtooth Supply Chain Project
Target has not provided information about all their blockchain initiatives and projects in which it was involved. The company has also hired Aarthi Srinivasan that worked at JP Morgan and IBM in the past. At the moment, he is the director of product management for personalization, machine learning and blockchain.
According to CoinDesk, an unnamed source explained that Target joined the Sawtooth Supply Chain project that is developing a distributed application to track the provenance of food and other assets. At the moment, it is still in a development phase and yet far from reaching production.
Carrefour, for example, is one of the retail giants around the world that is using blockchain in order to track from where some products come. This allows clients to be sure about the origin of a specific product. Carrefour said that the products that implemented blockchain technology have been sold faster than those without DLT.