New tech on the block
Planning for blockchain in the Retail and Consumer Packaged Goods industries
Our new insight report explores the potential for blockchain technology to underpin a transformation in the retail and consumer packaged goods value chain. While we fully expect blockchain technology to achieve widespread, mainstream adoption in these sectors sooner rather than later, we firmly believe that long-term, sustainable success is only possible through careful planning and prioritisation of work programmes.
Practical applications of blockchain
We propose three use-case groups that distinguish between the reasons for the blockchain application. These include:
• Consumer – Improving and protecting the consumer experience
• Supply-chain – Improving process efficiencies across the supply chain
• Payments and contracts – Improving transaction processes and ensuring the validity and implementation of contracts