Accenture Eyes Blockchain For Logistics Management July 29, 2018 July 29, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
NewsJuly 29, 2018 by Kelly Cromley

Accenture Eyes Blockchain For Logistics Management

The patent document published by the U.S. Patent and Trademark Office (USPTO) reveals that Accenture is planning to use blockchain to modernize its logistics network.

It seems the consulting giant wants to follow the footsteps of other companies and leverage blockchain technology to secure, quicken and improve the efficiency of its logistics network.

The patent begins by stating “a device may receive an indication that a product has arrived at a destination. The product may have been shipped by an entity to the destination.”

Furthermore, the patent document explains the system as follows:

“The device may perform an analysis on the product to determine an attribute of the product. The device may perform a comparison of information identifying the attribute of the product and information included in an encrypted record, for the product, of a blockchain, to verify the attribute of the product.”

Notably, earlier this month Accenture released an aerospace supply chain tool in cooperation with French multinational aerospace firm Thales. The patent indicates another step in Accenture’s growing interest in blockchain.

Likewise, in March, Accenture inked a deal with global logistics operator DHL to build and implement blockchain for pharmaceutical supply chains.

This is not the first time Accenture filed a blockchain related patent. In September last year, the company filed a patent application for an “editable blockchain”. This raised mixed reactions as the system undermined the fundamentals of blockchain such as immutability.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.