Blockchain for Supply Chain

Consumer Demand for Transparency

• Consumers increasingly demand transparency regarding where and how their products are made.
• The EU mandates more information about corporate supply chains, imposing penalties for non-compliance.

Role of Blockchain

• Blockchain enables the safe digital transfer of property throughout the entire supply chain.
• It allows participants to record essential information such as:
  • Price
  • Date
  • Location
  • Quality
  • Certification
• This information aids in effectively managing transactions.

Improving Supply Chain Management

• The acquisition of data through blockchain enhances:
  • Procurement tracking
  • Reduction of losses from fraudulent and gray markets
  • Visibility and compliance of export contracts

Addressing Supply Chain Problems

• Key issues in supply chains include:
  • Lack of traceability
  • Lack of trust
• Blockchain can help overcome these constraints by providing:
  • Knowledge of trading partners
  • Origin of raw materials
  • Legality of products
  • Assurance of fair pricing

Benefits of Blockchain in Supply Chain

• Verifiable records: Prevents any party from altering transaction history.
• Increased efficiencies: Promotes greater transparency throughout the supply chain.
• Informed purchasing: Enables consumers to make better decisions based on reliable information.
• Reliable data for governments: Provides accurate information for regulatory purposes.