Retail Giant Target Is Quietly Working on a Blockchain for Supply Chains

[smartbitcoininvestor]

"Retail giant Target has quietly entered the blockchain space.

Since mid-2018 the Minnesota-based retailer has been working on a blockchain-powered solution for supply chain management, dubbed ConsenSource. More recently it pledged to support the Hyperledger Grid project, a supply chain framework that earlier saw participation from food giant Cargill, one of Target’s suppliers, together with tech giant Intel and blockchain startup Bitwise.io.

To boost its distributed ledger technology-related work, Target is now looking for a blockchain engineer and systems developer, according to the company’s career page.

The new engineer will be contributing to the recently open-sourced ConsenSource and to Hyperledger Grid, developing “distributed ledger systems, protocols, smart contracts, CLI’s, and RESTful APIs in an open source environment,” the job posting says.

“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, wrote in a little-noticed post on its corporate blog.

The ConsenSource project, which Target recently open-sourced, 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."

Read more: https://www.coindesk.com/retail-giant-target-is-working-on-a-blockchain-for-supply-chains

[zernaloot29]

The blockchain for the trading sector may offer a lot to increase the base of regular customers. It would be really profitable for merchants to create a single base based on the blockchain in order to offer users a general loyalty scheme. After all, merging, trading companies can make a big profit if buyers know that their loyalty tokens can be spent in several different stores

[gccigng]

I agree that many trading companies offer excellent products, but they have a poorly designed loyalty program. However, there is a more important factor. Blockchain technology would allow merchants to not only quickly process user requests, but also to guarantee data confidentiality.

[bimvo]

I agree that many trading companies offer excellent products, but they have a poorly designed loyalty program. However, there is a more important factor. Blockchain technology would allow merchants to not only quickly process user requests, but also to guarantee data confidentiality.

The possibilities that the blockchain offers may be underestimated, since few users know how to use cryptocurrency. In terms of this plan, the taklimakan platform does a useful job and helps the user to understand the principles of cryptocurrency, gives the basics of investing and working with the blockchain. I hope that soon the number of blockchain projects will become more and we will be able to enjoy the benefits offered by merchants.

[geerus]

I agree that many trading companies offer excellent products, but they have a poorly designed loyalty program. However, there is a more important factor. Blockchain technology would allow merchants to not only quickly process user requests, but also to guarantee data confidentiality.

Trading personal information is one of the most profitable offers on the market. What users are not happy about. I have already met many times with cases when my data fell into the companies with which I did not even communicate. This is very unpleasant. Perhaps blockchain technology will help to remake the data protection system so that the user has control over them.

[Vinalians]

I think it will be a good solutions to all business and product offering to all over the world. If they easily adapt in the system of blockchain for sure it will be a big break for them. Easy transaction and fully transparent which is good and liked by all clients. They should do it a long time ago, some business owners are having a difficult time to buy products or services because of the slow and difficult payment transactions.
I hope it will be a great solution for them.

[damberg]

Great news for blockchain adoption, supply chain is waiting to be innovated. I would love to see their solution with private blockchain in deeper detail 

[avikz]

"Retail giant Target has quietly entered the blockchain space.

Since mid-2018 the Minnesota-based retailer has been working on a blockchain-powered solution for supply chain management, dubbed ConsenSource. More recently it pledged to support the Hyperledger Grid project, a supply chain framework that earlier saw participation from food giant Cargill, one of Target’s suppliers, together with tech giant Intel and blockchain startup Bitwise.io.

To boost its distributed ledger technology-related work, Target is now looking for a blockchain engineer and systems developer, according to the company’s career page.

The new engineer will be contributing to the recently open-sourced ConsenSource and to Hyperledger Grid, developing “distributed ledger systems, protocols, smart contracts, CLI’s, and RESTful APIs in an open source environment,” the job posting says.

“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, wrote in a little-noticed post on its corporate blog.

The ConsenSource project, which Target recently open-sourced, 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."

Read more: https://www.coindesk.com/retail-giant-target-is-working-on-a-blockchain-for-supply-chains

While it's an excellent news for blockchain technology, let me reiterate that it doesn't have any relationship with crypto! Blockchain has many use cases and a tech-friendly comoany would love adopt such technology. But these are not cryptocurrency adoption news as this is not going to help crypto market!

There are government departments as well, who had implemented blockchain but thrown away cryptos!

[Kemarit]

Great news for blockchain adoption, supply chain is waiting to be innovated. I would love to see their solution with private blockchain in deeper detail 

How can you see it in detail when it is going to be private?  . I think the point here is that companies with lots of data processing should move on blockchain. We all know that data in blockchain can't be altered, so that's one advantage. Although there is still a cost migrating their legacy systems to blockchain but I think it will out weight everything in the long run. I also think that business decisions can be quicker when all the data is presented at you right away.

[rdbase]

Tons of companies are developing blockchain solutions for internal needs, now the question is do they use an off the shelf solution like Ethereum and do a token based on it or an completely independent blockchain.

I think ethereum could be more useful to them then using the blockchain because this is what vitalik made it to do essentially focusing towards the business sector.
But with target using it for their businesses infrastructure could make it more efficient with increasing their current productivity in the long run. As larger companies such as costco and walmart have a wider customer base then they do so they need to work in other ways to regain more of the market in these sectors.

[Ailmand]

It's a great thing that even huge companies and businesses are starting to adopt the blockchain technology. It will be better if they will adopt coins for several usages as well. Transactions, by the help of blockchain technology, is more convenient and it will serve as a strength and edge of these companies and both parties will benefit from it.

[Yakamoto]

The thing that I don't understand is why Target & co are making this system when it can basically all be performed with the same systems that we currently have. They don't need to complicate it in the way that a blockchain system would because it can all be done with barcodes and their equivalents. You can't track every single little individual part without using the same serial or digital code systems that already exist. Forming a database that tracks the various components isn't hard, it's just a question of whether or not it's worth putting in the effort to set up a system like that. It's merely the reconciliation of the different parts of the supply chain system and little more. I don't even think that there's a tangible benefit to maintaining a system like what's being described.

Tons of companies are developing blockchain solutions for internal needs, now the question is do they use an off the shelf solution like Ethereum and do a token based on it or an completely independent blockchain.

I think ethereum could be more useful to them then using the blockchain because this is what vitalik made it to do essentially focusing towards the business sector.
But with target using it for their businesses infrastructure could make it more efficient with increasing their current productivity in the long run. As larger companies such as costco and walmart have a wider customer base then they do so they need to work in other ways to regain more of the market in these sectors.

As for Ethereum being built for business because of the smart contract system, it kind of has applicable properties, but I can't see Ethereum used as a tool at large for business. It needs considerable refinement and it would need to be simplified for the average worker to be able to use it effectively.