This insightful article by VentureBeat features a fantastic interview with Gary Storr, General Manager of Trust Your Supplier. Chainyard’s experience with blockchain technology has been a differentiating factor for TYS, an example of the innovative use of blockchain for any industry that requires trusted relationships.
Hyperledger Global Forum June 8-10 2021
SOC Reports Show Trust Your Supplier and Chainyard’s Commitment to Data Privacy
The Trust Your Supplier (TYS) Network Welcomes GEODIS
Cottrill Research Article Highlights TYS Marketplace
Digital Transformers: Supplier Management Using Blockchain
RapidRatings and Trust Your Supplier Announce Groundbreaking Integration of Supplier Profiles with The FHR Network®
RapidRatings Expands Partnership with Trust Your Supplier by Joining as a Buyer
SourceConnecte Joins the Trust Your Supplier (TYS) Network
The Value of a Blockchain-Based Identity
by April Harrison
A trusted supplier identity is the keystone of our Trust Your Supplier (TYS) platform. TYS provides organizations a trusted exchange of information across an encrypted blockchain environment to minimize risk & fraud throughout the onboarding and life cycle of partnerships. Our value proposition relies on ensuring identity control and privacy for network participants.
The exchange of information is crucial to business operations in all industries. Conventional systems are open to fraud, error and inefficiency. These manual processes lack data security and each participant has their own separate database, or ledger — increasing the possibility of human error or fraud. Shared databases cannot prevent malicious activity. Hacked entities can corrupt or destroy data in the shared database, making it invalid for everyone involved.
Blockchain is designed for trust and secure trading, reducing vulnerabilities. It provides clear provenance and a single, shared, tamper-evident ledger. Once recorded, transactions cannot be altered. This is ideal for supporting auditing capabilities as it provides an immutable relationship history between parties.
The TYS supplier profile data is sovereign, owned & controlled by the supplier, who can selectively share additional profile information with companies they choose to connect with on the network.
This single, digital identity for suppliers can be shared with multiple buyers and business networks. A 2-tiered supplier profile approach allows suppliers to be discovered by new customers without handing over unlimited access to their data.
To learn more about this innovative new approach to supplier identity that is transforming supplier relationships, please visit www.TrustYourSupplier.com