- IOTA Foundation and TradeMark East Africa (TMEA) are teaming up to digitize supply chains in East Africa using open source distributed ledgers and ScyllaDB NoSQL.
- This partnership aims to streamline trade processes, enhance transparency, and ensure traceability in the supply chain, benefiting African companies and boosting global competitiveness.
In a recent tweet, ScyllaDB highlighted the remarkable technology behind the supply chain digitization initiative led by IOTA. This collaboration between IOTA and ScyllaDB has paved the way for a groundbreaking approach to tracking and verifying trade items in the global supply chain.
Is it possible to track every trade item in the global supply chain? This is becoming a reality thanks to @iota and @TradeMarkAfrica. José Manuel Cantera explains the technology behind this initiative. https://t.co/sF2rb49kZK#ScyllaDB #supplychain #NoSQL
— ScyllaDB (@ScyllaDB) July 9, 2023
The partnership leverages the strengths of both IOTA and ScyllaDB to create an efficient and transparent supply chain ecosystem. IOTA’s distributed ledger technology, known for its open source approach, ensures the secure registration of every event occurring within the supply chain. This provides an unprecedented level of traceability and transparency for trade items, enhancing the integrity of the entire process.
ScyllaDB’s NoSQL technology plays a crucial role in this initiative by providing scalable and resilient storage for the vast amount of data generated throughout the supply chain. By utilizing ScyllaDB, the collaboration ensures that data can be stored, accessed, and analyzed efficiently, enabling real-time insights and decision-making.
Together, IOTA and ScyllaDB address the technical challenges associated with supply chain digitization. Their partnership tackles the complexities of verifying multiple actors and systems involved in the supply chain, establishing trust across decentralized networks, and meeting diverse functional requirements related to traceability and compliance.
With this collaboration, the digitization of supply chains becomes a reality, offering numerous benefits to businesses and stakeholders. By tracking and verifying trade items using distributed ledgers and advanced storage solutions, the initiative enhances trade processes, boosts transparency, and ensures the authenticity and provenance of goods. African companies, in particular, stand to gain a competitive edge in the global market, as digitized supply chains streamline export processes and enhance efficiency.
The partnership between IOTA and ScyllaDB exemplifies the power of innovative technologies in revolutionizing traditional industries. By combining distributed ledgers and advanced storage capabilities, they are driving the transformation of supply chain management, setting new standards for transparency, traceability, and efficiency.
As the supply chain digitization initiative continues to unfold, businesses and stakeholders worldwide can look forward to a future where trade items are seamlessly tracked and verified, bolstering trust and confidence in global supply chains.