EY and Equidato will present to the NEWMATEC 2018 Conference the unique
concept of blockchain technology supporting automotive supply chain management
https://bitcoingarden.org/ey-equidato-will-present-newmatec-2018-conference-unique...Ernst & Young (EY) and Equidato Technologies AG (Equidato) are pleased to announce that at the NEWMATEC 2018 Conference (13 to 14 March 2018, Partizán Hotel, Tále) they will jointly present a concept of automotive supply chain management support using blockchain technology.
One of the biggest challenges which car makers currently face is undoubtedly the management of supplier relations. Manufacturers and large suppliers at higher supply chain levels typically use robust ERP systems, whereas suppliers at lower levels of the chain use less sophisticated solutions or even office applications. Heterogeneity and interconnectivity of IT environments and insufficient visibility of relevant information among individual actors in the supply chain represent the main technical problems requiring a response.
One of the possible solutions seems to be the use of innovative blockchain technology, which includes features such as a shared ledger of transactions, ensured trust without the need for central authority, a shared consensus principle and a timestamp. Last but not least, blockchain technology is capable of ensuring the availability, scalability, irreversibility and retrospective verifiability of transactions using the most advanced cryptographic algorithms.
The specific concept of blockchain technology use in automotive supply chain management is being jointly developed by EY, a global leader in provision of professional advisory services, and Equidato, a technology company developing the SophiaTX Blockchain platform, focused on integration of blockchain with enterprise systems of the ERP type. The companies plan to present their concept at the NEWMATEC 2018 Conference, which will take place on 13 and 14 March 2018 at the Partizán Hotel in Tále....