Blockchain for Supply Chain: Enormous Potential Down the Road
Blockchain is presently at the peak of Gartner’s Hype Cycle, which means the next stop is the Trough of Disillusionment. In supply chain circles the technology is suddenly drawing serious interest, in part because of IBM’s recent push to go public with pilots including one with Maersk and another with Walmart. It has also begun to feature regularly in conversations I’m having around disruptive technology with C-level supply chain leaders, especially in CPG and retail. It feels a bit like RFID déjà vu.
Reminiscent of RFID, blockchain could one day provide certainty on the exact source of every ingredient in every jar, in every case, on every shelf and at all times. Was your palm oil sustainably sourced? Are the cherries in your ice cream organic? Are the avocados in your salad imported from Mexico? Also reminiscent of RFID, however, is a decent amount of uncertainty about the timing of the business case.
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