August 5, 2019 IBM launches new enterprise blockchain network for supply chain management alongside founding participants Lenovo, GSK, Anheuser-Busch, Nokia, Schneider Electric and Vodafone.

The project, Trust Your Supplier, uses a decentralized approach and an immutable audit trail to improve efficiency and reduce fraud, particularly with regard to the integration of new suppliers into existing supply chains. IBM will initially bring 4,000 of its own suppliers into the network before its commercial launch, scheduled for Q3 2019. Trust Your Supplier is the latest in a long series of blockchain-related endeavors by IBM and follows a greater trend of investments by large corporations in enterprise blockchain ventures, including similar supply chain-focused blockchains such as Linklogis and Sweebridge.