The Linux Foundation's blockchain initiative – Hyperledger Project – has created a set of developer tools to allow the creation of supply chain-specific applications running atop the distributed ledger technology (DLT).

The Hyperledger Grid project, as it's called, will initially offer businesses modular software and smart contract components to address problems such as tracking and tracing shipped goods, electronic certifications and bill of lading exchange.

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"Supply chain is one of the most promising areas for blockchain use cases, and implementation of many of these use cases can benefit from capabilities which can be provided by a shared platform," the Linux Foundation said earlier this week. "This project will accelerate the development of blockchain-based solutions to cross-industry supply chain problems."

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