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Blockchain in Supply Chain

In the future, the entire supply chain management infrastructure will likely be done on a blockchain, which will improve traceability and authenticity of assets as they’re distributed to the consumer.

Download now for an inside look into the Supply Chain Industry Applications of Blockchain.

Articles

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The First Blockchain Living Lab Opened in Singapore

Singapore's first Blockchain Living Lab, initiated by SUSS, SmartMesh Foundation, and MeshBox Foundation, was officially unveiled on January 15, 2020 ...
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Top Blockchain News of 2019

2019 offered a strong rebound for blockchain infrastructure improvements, supply chain use cases, and ongoing investments from big financial players ...
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Blockchain Trends for 2020

From wide adoption by governments and financial institutions to newfound applications in several industries, these blockchain trends we anticipate in ...
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Blockchain in Supply Chain

Why use blockchain in supply chain? What limitations does it overcome? Learn more about the benefits, risks and use cases ...
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Videos

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Blockchain in Smart Cities

Diving into challenges of smart cities and how blockchain technology can help solve them. Blockchain in Smart Cities We hosted ...
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Smart Cities and Blockchain

We explored the future of smart cities, transportation, and how blockchain technology can be used to support the future of ...
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Infographics

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Dairy on the Blockchain

There are over 270 cows producing milk across the world. Blockchain can help track and trace dairy products and their ...
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The Journey of Cobalt

Cobalt demand is expected to multiply eight fold by 2026. Cobalt mining is often associated to human right abuses The ...
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The supply chain is a core aspect in businesses, from raw materials, production and packaging, to transport and customer service. Blockchain is poised to bring a higher level of efficiency to these processes, allowing for better transparency, traceability and flow. This is because currently, supply chain data is fragmented into various ‘data silos’, where limited data interoperability exists. Blockchain is changing all that.

This page delves into the fast-growing list of industries that will benefit from incorporating blockchain into their supply chains, such as: Coffee, wine, cosmetics, cobalt, tuna-tracking, dairy, drugs and diamonds. Eventually, few global or regional industries will remain untouched by the multiple benefits that digital ledgers in distributed networks can bring, to optimize a wide range of operational logistics.

A big reason for this mass disruption is because the current supply chain management industry is often run on near obsolete technology, which hasn’t kept pace with the complexities of an multi-layered global economy. On the current supply chain paradigm, which is heavily segmented between each sector, many challenges exist, such as counterfeiting, contamination, and ensuring the provenance of goods. 

Through the decades, this lack of clarity has usually ended up harming the environment, as well as the consumers. It has also made it more difficult for businesses that wish to act in more sustainable ways to operate, as they compete with other businesses that don’t take the full stake-holder point of view into account.

On that same note, thanks to blockchain technology industries will be able to be more transparent, so consumers have a better view of the true lifecycle of a product. As demand for more sustainable and ethical products rises, so will the need for better transparency, which can be greatly enhanced by using public digital ledgers.

To learn more about how blockchain can improve the efficiency of global trade via decentralized digital ledgers, while minimizing fraud and counterfeiting, you can check out some of our supply chain articles, videos, and visual representations.