The Cybersecurity Technology Is Used to Increase Customer Data Security
Science Applications International Corp. announced a collaborative pilot program with The Goodyear Tire & Rubber Company to take steps toward using state-of-the-art blockchain technology to secure supply chain transactions.
“Management’s Discussion and Analysis of Financial Condition and Results of Operations”
Blockchain is a cybersecurity technology based on distributed ledgers that enhance security, traceability and immutability. It utilizes safe, encrypted platforms to distribute shared ledgers between supply chain participants to securely record transactions and data. SAIC has worked closely with Microsoft to leverage the strength of Microsoft Azure Blockchain services.
Recommended AI News: Mark Zuckerberg vs Jack Dorsey – A War About Freedom, Politics, and Cryptocurrency
“Accurate and secure supply chain solutions are critical to SAIC’s work of providing our customers with the commodities they need when and where they require them. Blockchain technology will offer secure methods for transmission of mission-critical, sensitive data and information to our Armed Forces and U.S. government personnel around the world,” said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Customer Group.
The pilot plans to use industry-standard formatting for digital transactions, as well as smart contracts, or computer transactions, that are securely added to the blockchain. Blockchain participants would then be able to track and view data to analyze supply chain activity, further aiding customers in making informed buying decisions.
Recommended AI News: Chainalysis And Paxful Create New Compliance Standard For Peer-To-Peer Cryptocurrency Exchanges
“I have no doubt this pilot will bolster the already outstanding work our customers enjoy through the Global Tires Program and further our supply chain solutions,” Scanlon continued.
For about a decade, SAIC has been the prime contractor supporting the Tire Successor Initiative and Global Tires Program. As a part of these programs, valued at more than $900 million each, SAIC has delivered more than 1.5 million tires, with an impressive 97% fill rate.
Recommended AI News: Can Coding Bootcamps Help to Change Your Career?
Comments are closed, but trackbacks and pingbacks are open.