The Optimal Shelf Availability Decentralized is touted as the ideal solution for major brands and even small chains to track their stocks, inventories and orders with what the company calls “pinpoint accuracy.”
Global shipping company FedEx is exploring how to use the blockchain to track its most precious cargo, joining companies like Samsung and Walmart in using the technology for its supply chain operations.
Through its subsidiary, LG has created a blockchain-powered service that provides logistics capabilities for finance, communication and manufacturing firms.
California-based Oracle will release a “platform-as-a-service” product before the end of May, and follow it up in June with decentralized ledger-based applications.
The South Korean tech giant is reportedly working on transitioning to a blockchain-based system to manage their global supply chain.
Some say that the blockchain project to fight the conflict diamond trade isn’t effective either.
The Beijing-based e-commerce giant has teamed up with meat merchant InterAgri to employ blockchain tech and track down their meat supply.
