Sami Rusani explains why blockchain supply chain is such a burgeoning use of the technology. The industry is worth trillions, yet is poorly run and highly inefficient; is blockchain the answer?
It is hard to look past any major company with a complex supply chain and not see some sort of blockchain interest. The reasons for this are quite basic; the supply chain ecosystem is worth trillions, but also severely inefficient and in desperate need of an upgrade., has worked with companies such as VISA, Heineken, Mercedes, Sony, Virgin, and has been working with blockchain technology in transport and logistics for a couple of years now.
“Blockchain technology allows for a couple of very important things – provenance and immutability, meaning you can trace data back to its true original, unaltered source, through the whole supply chain, and secure data handling.” “The whole idea of blockchain is decentralization and disintermediation, not to create a slew of new blockchains to keep the industry fragmented. There is a big discussion on the whole public vs. private blockchain topic, and as a true public blockchain supporter - for many reasons, but security being one of the main ones - I think the industry at some point will decide on a couple of standards as opposed to everyone having their own.
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