When Two Chains Combine
Supply Chain Meets Blockchain
In an increasingly digitized world, emerging technologies, such as Blockchain, afford organizations the opportunity to drive business value throughout their supply networks. 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 report, Deloitte’s Blockchain and supply chain professionals share insights on how Blockchain-enabled technology can mitigate four cross-industry 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).