Retail giant Target takes its first steps in the blockchain space; announces its use for supply chain tracking
U.S-based retail giant, Target, is the latest to wade into the blockchain space. The company’s VP of Architecture, Joel Crabb, announced the creation of an open source blockchain project for supply chain tracking in a blogpost.
Target Corporation has however, been using this technology since 2018, as part of its pilot program. The blockchain created over the test period recently made an open source on GitHub and this digital ledger for supply chain management is called ConsenSource.
“The largest obstacle to implementing a distributed ledger is getting multiple companies to agree on which data are stored in the blockchain and how the system will be operated and governed.To achieve this close interaction among corporate entities, many companies — including Target — see the most potential for enterprise blockchain initiatives as open source.”
The company previously used Hyperledger Grid, a supply chain framework on which ConsenSource was built on. The ConsenSource project will focus on the certification of suppliers for the company’s paper manufacturing.
Target is reportedly looking for system developers and blockchain engineers to work on Hyperledger Grid and ConsenSource.
“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.”