In times of disruption, this matters more than ever. Businesses and consumers want brands to guarantee product authenticity, while supply chain participants demand responsible sourcing and better visibility to minimize disputes.
The COVID-19 pandemic gave the world a close-up view of the key factor determining the effectiveness of an organization—its supply chain management. Using blockchain can improve both supply chain transparency and traceability as well as reduce administrative costs.
Supply chains underpin the macroeconomy and global markets. Enterprise Ethereum provides next-generation solutions to achieve the interoperable exchange of transaction information, transaction history, and transaction statements in compliance with industry standards.
Blockchain technology provides an immutable and transparent record for data lineage. With each transaction recorded on a distributed ledger, the origin, transformations, and ownership of data can be reliably tracked over time
This white paper is by social enterprise Project Provenance Ltd. and describes a prototype that uses blockchain technology to enable secure traceability of certifications and other salient information in supply chains.
How much insight does the average person have into what’s on their plate? Do we know our dolphin-friendly tuna is actually dolphin-friendly?
