SGS & Transparency-One are improving data security with Blockchain
SGS and Transparency-One are helping retailers and brands seeking transparency and traceability in their supply chains to improve data security through blockchain services.
Blockchain services deliver an additional layer of security to customer data in the Transparency-One platform by storing critical supply chain information in Microsoft Azure's Blockchain Services.
How Does Blockchain Work in Transparency-One?
While supply chain data is collected and verified in the Transparency-One platform, the blockchain chain link icon appears in black. When the data is ready to be added to the blockchain, it can be pushed to go live by the farmer, supplier, brand, retailer, etc. Once live, the chain link icon will turn green. If further changes are made to the data, the chain link turns red to indicate that additional verification is required.
Transparency-One customers have the option to add an additional layer of security to their data by storing critical supply chain information in the blockchain. The use of blockchain heightens the security of the data stored in Transparency-One by creating a ledger of all transactions between supply chain partners, and making it immutable.
Blockchain technology provides a record of all supply chain changes, but additional measures are required to guarantee data accuracy. Transparency-One's partnership with SGS provides validation services to ensure the quality, integrity, and security of supply chain data.
SGS verifies some key information entered into the platform, including supplier certifications, which are verified by an SGS team and tagged. Once data is verified and tagged, it can no longer be changed and any subsequent updates are stored as additional transactions in the blockchain, providing full traceability. This integration provides Transparency-One users with supply chain data that is 100% secure and accurate.
For further information, please contact:
Vice President, Global Head of SGS Transparency-One
t: +33 141 24 89 52
SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 97,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.
Transparency-One enables companies to discover, analyze, and monitor all suppliers, components, and facilities in the entire supply chain. Transparency-One combines cutting-edge graph database technology, supply chain expertise, and global supplier onboarding services, in partnership with SGS, to help all supply chain stakeholders reduce business risk. The company is based in Boston, Massachusetts with offices in Paris, France.