When two chains combine
Supply chain meets blockchain
In an increasingly digitised world, emerging technologies, such as blockchain, afford organisations the opportunity to drive business value throughout their supply networks. According to Eric Piscini, Principal and Global Blockchain Leader at Deloitte Consulting LLP in the US, supply chains across industries and countries will be reimagined, improved and disrupted by blockchain technologies. We now have safer and more efficient ways to connect with business partners as well as to track and exchange any type of asset. The ability to deploy blockchain technologies to create the next generation of digital supply chain networks and platforms will be a key element in business success.
Building supply chain capabilities with digital technologies can result in greater levels of performance. Blockchain is an enabling technology, which is most effective when coupled with other next generation technologies such as Internet of Things (IoT), robotic cognitive automation or smart devices.
In this paper, Deloitte’s blockchain and supply chain professionals share insights on how blockchain-enabled technology can mitigate four crossindustry supply chain issues — traceability, compliance, flexibility and stakeholder management. The paper draws on use cases from the pharmaceutical industry (product tracking), automotive industry (purchasing platform) and food industry (know your supplier).