Retail giant Target has been quietly working on a blockchain-powered solution for supply chain management.
According to the company’s own corporate blog, it recently open sourced the project as a blockchain solution for suppliers certification, dubbed ConsenSource. It’s also pledged to support the Hyperledger Grid project, a supply chain framework that earlier saw the participation from Cargill, one of Target’s suppliers, together with Intel and Bitwise IO.
“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!” Joel Crabb, Target’s vice president of architecture, said in the blog post.
The post revealed that Minnesota-based retailer has been working on a blockchain proof-of-concept since mid-2018. The project was primarily focused on the certification of suppliers for the company’s own paper manufacturing. Target has been “working directly with the forest managers and certification boards” studying the technology and trying to figure out what data can be shared on a distributed ledger, Crabb wrote.