BSI partners with OriginTrail to develop blockchain-trusted data solutions

BSI, the business standards company, has announced an exclusive partnership with OriginTrail to deliver blockchain-enabled solutions that will enhance its global assessment, certification, and supply chain services to confirm the provenance of goods and/or the integrity of digital records or services.

OriginTrail enables businesses to speak the same language with integrity. With the blockchain-powered data exchange protocol for interconnected supply chains, it is allowing organizations to seamlessly share and secure data – unlocking the potential of blockchain technology for the multi-organizational environment.

With the movement of goods and services around the world reaching unprecedented levels and global supply chains becoming increasingly interconnected, complex supply chains demand trust.  Organizations and consumer alike want to know that they can trust the integrity of the claims that manufacturers and suppliers make regarding employee work conditions, security compliance, the origins of materials used, the authenticity of their products, along with the health and ethics labels such as ‘organic’, ‘local’ or ‘responsibly sourced’.

Building on BSI’s expertise in compliance, assessment, and certification with OriginTrail’s blockchain-enabled technologies, they will work together to develop solutions that will help organizations prove the integrity of their global operations and that their product and/or services claims are real, have been verified and can be trusted.  This type of blockchain application will be particularly relevant to the food, healthcare and built environment (digital buildings and smart cities) sectors due to being highly regulated industries and the complexity of their supply chains.

The aim of this partnership is to help clients to:

• Comply with regulation and standards
• Meet customer expectations concerning products features and claims (safety, quality, and other attributes)
• Manage business risk, product quality and reduce the cost of non-conformities
• Be able to effectively manage product recalls with near-real-time corrective action
• Extract more value out of data already generated in global supply chains

BSI’s clients can already apply for OriginTrail’s blockchain services in the pre-release stage, to be among the first ones to get hands-on expertise with the technology for the supply chains of the future.