Insights from the Innovators…Cyril Pourrat, Sanjay Mehta and Ninian Wilson discuss how they are bringing digital transformation to BT, Nokia, Vodafone, and the telecom industry with Trust Your Supplier. Hear what you should be thinking about as you embark on the path to transforming your organization and your industry.
Our team had the opportunity to appear on CPO Arenea (Season 1, Episode 7). Similar to shows like Shark Tank, service providers pitch to a panel of experts that weigh in on their solution.
Congratulations to our team a successful performance in the CPO Arena! It was an impressive showcase of how Trust Your Supplier helps with onboarding suppliers faster, using operational intelligence and partnerships within our integrated, blockchain platform without unnecessary admin activities for buyers or suppliers.
Thanks to the CPO Arena team for having us on your show!
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.
Join us this week at our Hyperledger Global Forum sessions to explore how we are helping companies innovate their businesses.
Join Lightning Demo: Supplier Digital Passport using Trust Your Supplier – Michelle Armstrong, Chainyard
Join Panel: Consortium Building Through Business Value – Gary Storr, Trust Your Supplier; Pia Gaviria-Desvernay, British Telecom; Eric Evans, Rapid Ratings; Manikandan PY, Schneider Electric; Nuno Pedro, Nokia
Join Session: Supply Chain Security – Tackling Compliance, Fraud and Counterfeiting – Mohan Venkatamaran CTO & Isaac Kunkel, SVP Consulting Services
Register to attend and join us there! https://bit.ly/2RfKiWe
By Ravi Sabhikhi
The exchange of information is crucial to business operations across all industries. Cyber security, confidentiality and data privacy are common concerns with document exchanges and other forms of data transfer. Trust Your Supplier (TYS), owned & operated by the blockchain services and solutions company Chainyard, recognizes that these issues are critical to network participants. In response, Chainyard has successfully completed SOC 1 & SOC 2 Type 2 examinations to further cement our commitment to meeting the utmost in data security requirements.
At Chainyard, data security and data privacy are in our DNA. We ensure our clients’ security concerns are addressed across multiple areas. Chainyard built TYS, one of the largest supplier discovery and information management permissioned blockchain solutions, using a Hyperledger Fabric framework. This adds protection to the network by safeguarding the digital keys that access the data.
Deployed on the IBM Public Cloud using the IBM Blockchain Platform, TYS adheres to all IBM Data Center security policies. The TYS production team also runs daily vulnerability scans along with minute-to-minute logs and can generate system alerts for any anomaly, notifying the appropriate people to take immediate action as required. These defined processes using state of the art technologies ensure Chainyard protects its devices and network against cyber attacks.
On the development side, the TYS team uses an Agile SDLC process where every user story is documented, and security concerns are addressed before each release of the TYS application.
At Chainyard we constantly monitor and adapt to the evolving and increasingly complex privacy landscape. The public awareness of privacy has grown over the past few years and was an instrumental factor in passing legislation such as the California Consumer Privacy Act of 2018 (CCPA), and more recently, the California Privacy Rights Act of 2020 (CPRA). While Europe has led the way with GDPR compliance, more states and countries are developing their own data privacy laws, such as South Africa’s Protection of Personal Information Act (often called the POPI Act or POPIA).
The TYS SaaS application is GDPR, POPIA, and CCPA compliant , with policies and procedures in place for data encryption in motion and at rest. Penetration tests (PEN tests) are performed multiple times a year by IBM X-Force Red in order to discover any security gaps and data vulnerability and perform security checks on the web interface and other access interfaces. All PEN test findings are reported and fixed in priority, as required by their severity level. PEN test reports are available upon customer request.
Chainyard continues to demonstrate its strong focus on the privacy and security of our clients’ data by proactively and successfully completing Type 2 SOC 1 and SOC 2 examinations this year. This allows our clients to maintain peace of mind as they focus on improving lives and reducing costs. Mohan Venkataraman Chainyard, CTO, added that “our recent SOC 1 & SOC 2 certification is only one aspect of our growing infrastructure security program that includes, among other things, ongoing data privacy and confidentiality enhancements and platform security improvements to guard against cyber security threats”.
Established by the American Institute of Certified Public Accountants (AICPA), SOC 1 and SOC 2 examinations are designed for organizations across all industries and scope to ensure the personal and business assets of their potential and existing customers are protected. SOC 1 and SOC 2 reports are recognized globally and affirm that a company’s infrastructure, software, people, data, policies, procedures, and operations have been formally audited by a third party. Chainyard’s SOC exams were led by A-LIGN ASSURANCE (A-LIGN), an independent auditing firm focused on industry-leading security and compliance, and trusted by more than 2,500 global organizations.
A-LIGN’s Type 2 SOC 1 and SOC 2 audits of Chainyard’s infrastructure and internal processes revealed no exceptions, affirming that our company’s security policies, data protection, and privacy protocols meet or exceed the highest industry standards. These SOC examinations reinforce Chainyard’s commitment to information confidentiality and data security on the Trust Your Supplier network, and we plan to continue maintaining and re-evaluating our policies and measures to maintain this standard of excellence.
Chainyard will perform SOC 1 and SOC 2 audits on an annual basis and make the reports available to current clients upon request and to potential clients upon execution of a non-disclosure agreement. If you are interested in viewing these SOC reports, please contact us.
GEODIS, a logistics company providing expertise in Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport, has joined the Trust Your Supplier network.
By joining TYS, GEODIS will have access to a single, aggregated view of complete supplier–provided details presented alongside authoritative third–party information. GEODIS’ suppliers will benefit by eliminating manual repetitive process, experiencing an acceleration of qualification & onboarding processes, and gain the potential for new business opportunities.
We would like to extend a warm welcome to GEODIS, along with their suppliers, to the TYS network!
Our innovative approach of providing integrated business partner information for procurement teams into the supplier discovery and onboarding process has been highlighted in this fantastic article by Cottrill Research. Read the full article here.
Historically, procurement has considered themselves the ‘gatekeepers’ for enterprise contracts and supplier relationships. Information was regarded as power, especially if it could give them an upper hand in supplier negotiations. That paradigm no longer works.
Today’s procurement organizations are not only beginning to empower distributed buyers to make more and more independent decisions about suppliers, they are working towards stronger, more trust-based partnerships with those suppliers.
In this episode of Digital Transformers, powered by Supply Chain Now, hosts Kevin L. Jackson and Kelly Barner welcome Gary Storr and April Harrison with Trust Your Supplier to the podcast to discuss supplier management using blockchain:
· The importance of establishing mutual trust in a digitally transformed business environment and how specific technologies can help companies achieve that at scale
· How blockchain can not only increase the trust factor of supplier information, it can also prevent suppliers from having to manually make updates across a range of customer systems
· Ways in which the past year has helped procurement see just how reliant they are on their suppliers
Listen to the episode here.
As a TYS business partner, RapidRatings provides actionable insights into the Financial Health stability (FHR) of public and private companies around the world.
RapidRatings‘ experience as a TYS business partner has given them an opportunity to view the TYS platform in action, solidifying the value they will garner for their own procurement team and suppliers. This recognition of merit is a significant testimony to Trust Your Supplier.
Trust Your Supplier values this additional partnership and welcomes RapidRatings, along with their suppliers, to the TYS network.
Learn more at https://trustyoursupplier.com/tys-buyers/rapidratings/