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IBM and Hejia launch blockchain-based supply chain financial services platform for pharma procurement

Press releases may be edited for formatting or style | April 12, 2017 Business Affairs

The launch of the platform also marks the successful business transformation of Hejia. IBM helped Hejia by providing insights from analyzing the supply chain finance industry and the financing conditions facing pharmaceutical retailers.

Doctor Shen Xiaowei, director of IBM Research - China, CTO of IBM Greater China Group said, "Blockchain can fundamentally transform businesses by eliminating inefficiencies, speeding up transactions and enabling innovative new business models. The Yijian Blockchain Technology Application System we've built with Hejia is a great showcase of this capability. We look forward to continued collaboration with Hejia to apply this technology to other industry use cases."

"IBM offers an enterprise-grade blockchain platform built on the Hyperledger Fabric that helps clients define and develop new industry use cases," said Gregor Pillen, Managing Partner, IBM Greater China Group Global Business Services. "We have a deep understanding of various industries and leading technologies that we use to help resolve enterprise clients' business challenges while finding growth opportunities so that they can help contribute to China's economic transformation."


IBM is the leader in open-source blockchain solutions built for the enterprise. As an early member of the Linux Foundation's Hyperledger Project, IBM is dedicated to supporting the development of openly-governed blockchains. IBM has worked with more than 400 clients across financial services, supply chains, IoT, risk management, digital rights management and healthcare to implement blockchain applications.

Hyperledger Fabric is an open source blockchain framework and one of the five Hyperledger projects hosted by The Linux Foundation.

For more information about IBM Blockchain, visit www.ibm.com/blockchain.


SOURCE IBM

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