In May 2018, Target Corporation, the eighth largest retailer in the United States, began working on an open source blockchain project for supply chain tracking called ConsenSource. According to a post released by Joel Crabb, the retail giant will also support the Hyperledger Grid, a project initiated in large part by Cargill, one of the company’s leading food suppliers.
Cutting Costs with Blockchain
According to an official blog post released on April 22 by Joel Crabb, VP of architecture, the company will also support the Hyperledger Grid, a project initiated in large part by Cargill, one of the company’s primary food suppliers, together with Intel and Bitwise IO.
In the post, Crabb expresses his enthusiasm for the technology by explaining how it can be a new tool to solve a long-standing challenge: Ensuring multiparty trust across enterprises doing business together.
Their goal is to speed up transactions using a more transparent system, cutting costs, and giving benefits to all participants.
The ConsenSource project has been primarily focused on verifying suppliers for the company’s paper manufacturing arm. But now, the company is trying to speed up the development of their DLT technology by opening their career page announcements to include blockchain engineers and systems developers.
According to the job post, the primary responsibilities of a blockchain engineer will be the development of distributed ledger systems, protocols, smart contracts, CLI’s, and RESTful APIs in an open source environment.
Crabb also described the problems encountered by implementing such technologies. In the first, disparate users need to agree on which data is stored in the database as well as how the system will be operated and governed.