IOTA and ScyllaDB are two technology companies that are working together to revolutionize supply chain digitization. Their goal is to make it easier for businesses to track their products and share information across the supply chain.
IOTA is a decentralized ledger technology that uses a unique data structure called a Tangle to enable secure and fee-less transactions between devices on the internet of things (IoT). This makes it an ideal platform for tracking products in a supply chain, where multiple parties need to share information securely and efficiently.
ScyllaDB is a high-performance NoSQL database that is designed to handle big data workloads. It is optimized for modern hardware and can scale horizontally to handle large volumes of data.
Together, IOTA and ScyllaDB are developing a proof-of-concept project that uses IOTA's Tangle and ScyllaDB's database to provide real-time tracking and visibility across the supply chain. The project is designed to be secure, transparent, and scalable, enabling businesses to track their products from the point of origin to the point of consumption.
The benefits of this approach are numerous. By using a decentralized ledger and a high-performance database, businesses can reduce the risk of fraud and errors in their supply chain, while also improving efficiency and lowering costs. They can also gain greater insights into their supply chain operations, allowing them to make better decisions and respond more quickly to changes in demand.
Overall, the collaboration between IOTA and ScyllaDB is a promising development in the world of supply chain digitization. As businesses increasingly look to technology to streamline their operations and gain a competitive edge, solutions like this are likely to become more important than ever.