Science Applications International Corp. (SAIC) announced a collaborative pilot program with The Goodyear Tire & Rubber Company to take steps toward using blockchain technology to secure supply chain transactions.
Blockchain is a cybersecurity technology based on distributed ledgers that enhance security, traceability and immutability. It utilizes safe, encrypted platforms to distribute shared ledgers between supply chain participants to securely record transactions and data. SAIC has worked closely with Microsoft to leverage the strength of Microsoft Azure Blockchain services.
The pilot plans to use industry-standard formatting for digital transactions, as well as smart contracts, or computer transactions, that are securely added to the blockchain. Blockchain participants would then be able to track and view data to analyze supply chain activity, further aiding customers in making informed buying decisions.
For about a decade, SAIC has been the prime contractor supporting the Tire Successor Initiative and Global Tires Program. The Global Tire Program (GTP) is a Performance Based Logistics (PBL) requirements contract for the total supply chain management of tires for the US Air Force, Army, Coast Guard, Marine Corps, Navy, and Foreign Military Sales (FMS).
The GTP contract has a potential performance period of 10 years and is the successor to the Tire Successor Initiative (TSI) contract. As a part of these programs, valued at more than $900 million each, SAIC has delivered more than 1.5 million tires.