Industry & Business

Exertis SCS to Lead Collaborative Blockchain Initiative

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Exertis SCS to Lead Collaborative Blockchain Initiative

Exertis SCS to Lead Collaborative Blockchain Initiative
January 02
09:52 2019

Exertis, a leading distributor of technology products for the B2B, mobile and retail markets, has announced that its Exertis Supply Chain Services (SCS) organisation has secured funding for its ground-breaking “Blockchain in the Technology Product Supply Chain” project. Announced as one of 27 projects to be funded as part of the Irish Government’s €75 million Disruptive Technologies Innovation Fund (DTIF), Exertis SCS will lead the project in collaboration with the Centre for Applied Data Analytics Research (CeADAR)at University College Dublin (UCD) and Dublin based software company, Sonalake.

Brian Cassidy, Exertis Supply Chain Services IT Director, said: “Our intention is to bring to market a fit for purpose Blockchain platform for the Technology Product Supply Chain within 3 years. This will complement Exertis’ global technology market reach and supply chain expertise, while leveraging the research and implementation experience of CeADAR & Sonalake”.

Among the benefits that this project will bring, will be:

  • A shared visibility to orders across the supply chain, from component manufacturer to consumer;
  • Detailed product provenance information based on product serial numbers which is key for reducing counterfeit and managing warranty liability;
  • Simplified financial reconciliation for promotional rebates;
  • Reduced IT integration overhead;
  • Vastly improved market analytics across the entire supply chain of a finished technology good.

The DTIF funding will enable Exertis SCS to develop and deploy this disruptive innovative technology on a commercial basis.

According to the Irish Department of Business, Enterprise and Innovation (DBEI): “The fund is a key part of the Government’s ‘Future Jobs’ initiative, a new whole of Government plan to secure Ireland’s economic success, starting in 2019. It is one of the first funds of its type in the world and is aimed at tackling national and global challenges to secure the jobs of the future.”

 


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