Home Technology Blockchain Target silently enters Blockchain Space, pledges to support the Hyperledger Grid project

Target silently enters Blockchain Space, pledges to support the Hyperledger Grid project

Target since mid-2018 has been working on ‘ConsenSoruce’, a blockchain powered solution for Supply Chain Management. ConsenSource, recently open-sourced by target had been developed with its primary focus on the certification of suppliers for the company’s own paper manufacturing.

Joel Crabb, Target’s Vice President, on the corporate blog said: “I’m proud that Target will support the Hyperledger Grid project and we’re committing dedicated engineering resources to build out components in the Grid architecture.” Joel Crabb does believe that open-source enterprise blockchain initiatives have the most potential. The Hyperledger Grid project is a supply chain framework that off-lately saw the food giant Cargill’s participation that is one of Target’s suppliers along with Bitwise.io and tech beast Intel. As per the career page of Target, the company has recently been looking for blockchain engineer and systems developer so that it can boost the ledger technology-related work. These new Engineers will contribute to ConsenSource and the Hyperledger Grid. Target recently has been working with the certification board with an aim to study the technology and to figure out the data that can be shared on a distributed ledger.

Aarthi Srinivasan who worked with JPMorgan and IBM- as a director of product management for personalization, machine learning and blockchain was hired by Target. Target has been working on a supply chain product under the umbrella of the open-source Hyperledger Consortium. Target is making a move to merge Sawtooth Supply Chain project, that has been developing a distributed application to track the provenance of food and assets using the Sawtooth implementation of Hyperledger, said a source that does not wish to be identified. Meanwhile, the spokesperson of Linux Foundation said on Monday “Target has made code contributions but is not a member of Hyperledger.” Although far from reaching production and being in a development phase, Sawtooth project has on GitHub, over 5,000 commits and 46 contributors.  The Sawtooth codebase that has been contributed by Intel to Hyperledger, is the main alternative to the best-known Hyperledger implementation ‘Fabric’.

Target in its last annual report to its shareholders said that it would be investing in supply chain improvements. The company did mention that they are in a broad migration of many mainframe-based systems and middleware products to a modern platform, this includes systems supporting inventory as well as supply chain related transactions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an...

Top 13 best ThopTV alternatives for free streaming and Live TV (2021 updated list)

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Download Kissanime App Apk on Android, iOS, PC, Firestick, Roku (2021 Update)

What is kissanime Kissanime is a free anime streaming website if you ask any anime lover about the best website to watch the latest anime...

Top 13 best Mobdro alternatives to watch free live tv and movies

Modbro was one of the growing movies and live tv streaming sites with free unlimited content. Mobdro had its app on the...

Random Post

Gears TV: Latest updates and IPTV sites like Gears TV (2020)

What is Gears TV Reloaded If you have ever looked on the internet for the best sites to...

4 easy ways to fix Hamachi Service Stopped Error on windows PC in 2021

LogMeIn Hamachi software has many issues and one of them is Hamachi service stopped error. If you are facing Hamachi service stopped problem on...

The best FirstoneTV Alternatives |latest FirstoneTVupdate (2020)

FirstOneTV is one of the most searched websites for streaming the latest movies and TV series online for free. The official site of FirstOne...

123movies: Download 123movies app apk on Android/iPhone/iPad/iOS/MAC/PC/Firestick/FireTV 

About 123movies Since its launch, 123movies went on to gain immense popularity mainly because it is arguably one of the best free platforms that provide...

Okex alternatives: 5 cryptocurrency exchanges that offer trading features similar to Okex

Okex is one of the biggest cryptocurrency exchanges with some of the best treading features but if you are looking for something...