1 year ago

https://www.iota.org/, the organization behind the IOTA open source distributed ledger technology built for the Internet of Things, envisions a future where every single trade item in the global supply chain is tracked and its provenance sourced using distributed ledgers. The system developed by the IOTA Foundation and TMEA anchors the key trade documents on https://wiki.iota.org/learn/about-iota/tangle, a new type of distributed ledger technology different from the traditional https://thenewstack.io/are-blockchains-databases/ model, and shares them with customs in destination countries.

From a bird’s-eye view, it involves using: EPCIS 2.0 data serialization formats for data interoperability IOTA distributed ledgers to register every event happening within supply chains ScyllaDB NoSQL for scalable, resilient persistent storage

When the activity begins, the transporter can generate an event that the trade items have started moving through the supply chain, and these events are committed to the IOTA distributed ledger.

Last but not least, it requires trusted data sharing with technologies like decentralized IDs, distributed ledger technologies, and peer-to-peer.”