The Department of Defence is planning to build a proof-of-concept that will allow it to track the provenance of IT products using blockchain technology. The department’s chief information office group expects to kick off the “discovery project” next month in a bid to secure its supplier ecosystem and reduce unforeseen security risks.
The three-month project will test if distributed ledger technology can “operationalise” a supply chain risk management (SCRM) framework and address two case studies.
A SCRM framework is essentially a register that uses metrics to score certain risks, allowing an organisation to determine the impact if that risk was to materialise and their preparedness.
One of the two case studies will test whether blockchain can be used to ascertain the provenance of IT products, while the other looks at volatile liquids like petroleum and oil...MORE
