Vodafone adopts blockchain

Vodafone will now be “exploring” the utility of a blockchain as a part of their new process to promote and verify diverse suppliers through Trust Your Supplier, a blockchain network working on a digital identity platform that provides a trustworthy source of information. It simplifies and accelerates supplier onboarding and lifecycle management.

Trust Your Supplier is built under the partnership of IBM and ChainYard [blockchain company] with Vodafone, Cisco, Nokia, Lenovo, and more as its founding members.

“Working with IBM and Chainyard on this blockchain initiative represents a great opportunity for Nokia to further enhance our suppliers’ experience and optimize the onboarding process. Using the latest technology to address a classical challenge will be of benefit for everyone, and further increase the speed of using innovative solutions,” said Sangay Mehta, Vice President at Nokia Procurement

Vodafone Group is one of the world’s driving telecoms and innovation specialist co-ops. The company’s expertise lies in connectivity, convergence and the Internet of Things. In unison with Trust Your Supplier, Vodafone is not only adopting a nascent technology influencing other industries but also is enabling partnerships between emerging technologies and telecom giants.

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