IBM launches new service based on blockchain supply chain, integrating artificial intelligence and Internet of Things technology

IBM this week launched a new supply chain service based on its blockchain platform and recently acquired Red Hat open source software, allowing developers and third-party applications to leverage traditional enterprise data systems. Integrated into a distributed ledger. The new cloud service, combined with IBM's existing order management system services, integrates technologies such as blockchain and artificial intelligence to support real-time view of order shipments, alerts and optimization recommendations. By using an open API, the supply chain suite allows distributors, manufacturers and retailers to integrate themselves and their suppliers' data and networks into the blockchain to track products and components. The data that can be integrated includes the IoT sensor system for real-time cargo location location.