Blockchain: time to ask hard questions

Author: Maria Highland

The development work on blockchain technology in the supply chain has been increasing at a dramatic pace.

In the past couple of weeks, catering specialist Absolute Taste partnered with blockchain middleware platform Omnitude, to enable customers to track the history of the food, from farm to fork.

Seal Network has been selected by the European Commission to compete in the Blockathon, to create the next level of anti-counterfeiting infrastructure based on the blockchain.

Malory Davies, Editor.

And a study by Deloitte “New tech on the block” identifies retail and consumer packaged goods as sectors where blockchain could revolutionise operations and processes.

And Deloitte’s Steve Larke warned: “Businesses that do not consider how blockchain could help are at risk of falling behind competitors.”

The number one opportunity, according to Deloitte is a ‘know your supplier’ solution which would allow businesses to store information about their suppliers and seamlessly execute payments and contracts at the point of fulfilment, has been identified as the number one opportunity for businesses.

Other blockchain cases are harder to implement, it says, but could carry significant value opportunities, for example, a ‘Connected Supply Chain’, could provide a seamless end-to-end ledger from manufacturing to fulfilment, while an ‘Authenticity & Provenance’ solution, could verify a product’s genuineness, protecting businesses and consumers from counterfeiting.

Deloitte reckon

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