The power of blockchain in the consumer industry

Blockchain use in consumer products, customer service, and more

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The power of blockchain in the consumer industry

Even though blockchain has been around for more than a decade, many industries haven’t fully embraced the technology. So what are we seeing in the consumer industry? Blockchain’s ability to increase trust through the transparency of transactions is leading to some interesting and viable applications—in retail, customer service, FMCG, and more.

In this episode of Consumer Speaks we explore blockchain adoption and some accounting implications companies need to consider. Join guests Linda Pawczuk, the Global and US Consulting Blockchain and Digital Asset leader and principal at Deloitte Consulting, LLP; Brian Hansen, US Audit Blockchain leader and Audit & Assurance partner at Deloitte & Touche, LLP; and Michael Marzelli, US Audit & Assurance partner in Blockchain and Digital Assets specialist at Deloitte and Touche, LLP.

Blockchain continues to revolutionize the way we think about a transaction-based industry.

Deloitte’s 2020 Global Blockchain Survey

Leaders no longer consider blockchain technology groundbreaking and merely promising. Deloitte’s 2020 Global Blockchain Survey polled a sample of nearly 1,500 senior executives and suggests that initial doubts about blockchain’s usefulness are fading as business leaders now see it as integral to organizational innovation. As a result, they are putting money and resources behind the technology in more meaningful and tangible ways.

Blockchain technology drives growth in the fresh food industry

Evolving technologies are spurring collaboration, partnerships, investment, and new opportunities to improve product quality and reduce food waste. Our latest report offers unique insights into blockchain food innovations and their effect on this rapidly growing market.

The impact of blockchain technology on audit

It’s clear that technology is changing the way organizations do business across all functions and industries. But there are particular pairings of tool and team that carry game-changing potential. Learn how our auditors work with Deloitte COINIA to help address blockchain.

About consumer speaks

On the Consumer Speaks accounting and reporting podcast series, you’ll hear from our Deloitte leaders and professionals as they share their experiences and insights on timely topics across the automotive, consumer products, retail, wholesale and distribution, transportation, hospitality, and services industries. Stay informed on the hottest topics facing these industries and how they can affect your business.

Subscribe today and visit the Consumer Speaks library for the full collection of episodes.

About Blockchain & Digital Assets at Deloitte

At Deloitte, our people work globally with clients, regulators, and policymakers to understand how blockchain and digital assets are changing the face of business and government today. New ecosystems are developing blockchain-based infrastructure and solutions to create innovative business models and disrupt traditional ones. This is occurring in virtually every industry and in most jurisdictions globally. Our deep business acumen and global industry-leading Audit & Assurance, Consulting, Tax, and Risk and Financial Advisory services help organizations across industries achieve their various blockchain aspirations. Learn more at deloitte.com/us/blockchainanddigitalassets.

Contact us

Our Blockchain & Digital Assets Solutions team are ready to help your business trailblaze in this space. Reach out to start a conversation, no matter where you are on your journey.

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This podcast contains general information only and Deloitte is not, by means of this podcast, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This podcast is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this podcast.

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