Federated Co-operative Limited or FCL, one of the 50 largest Canadian companies, worked with the blockchain-based supply chain middleware platform, Morpheus.Network.
FCL plans to integrate distributed logbook technologys or DLT, based on tracking. This is used in its diverse supply chain. It includes 1,400 companies in western Canada and employs more than 23,000 people.
Large Canadian cooperative takes over blockchain
The companies have signed a three-year contract in which Morpheus.Network takes over the optical character recognition., machine learning and blockchain technologies to rationalize the complex FCL supply chain.
FCL is a wholesale, manufacturing, marketing and management cooperative opened by more than 170 independent retail associations. The company is primarily active in four sectors: agriculture, food, energy and household and construction solutions, including bars, convenience stores, agricultural centers and propane plants.
The cooperative generated $ 9.2 billion in 2019.
Automated compliance processes through DLT
E.The Morpheus system will provide automated monitoring and compliance management solutions to replace the current manual FCL processes::
“This system replaces a largely manual process that collects and manages thousands of regulatory certifications and documents from more than 150 FCL suppliers that need to be scanned, validated, processed, and tracked.”
The FCL Supply Chain Manager, Raymond Gareau highlighted the increased efficiency of “validation and management processes for supplier documents” as a result of the DLT integrationand added:
“Next, we’ll see the overall visibility of our supply chain from suppliers to FCL warehouses.”
BMW uses proprietary DLT platform for the supply chain
At the end of March, BMW announced that it would launch its blockchain-based supply chain solution among 10 providers in 2020.
The PartChain platform was tested in two of the 31 BMW plants and at three locations of the supplier Automotive Lightning in 2019.
BMW will also make the platform available to members of its Mobility Open Blockchain Initiative, which was co-founded by the car manufacturers BMW, GM, Ford and Renault together with the technology companies Bosch, Hyperledger, IBM and Iota.