Tomorrow’s Value Chain - How Blockchain Drives Visibility, Trust and Efficiency

Author(s)

The Consumer Goods Forum and IBM

Type of Resource

PDF

Year of Release

2017

Sector

General

Regions

Global

Sub Categories

Issues Addressed

General

Objective

This report shares how blockchain technology will impact the value chain for retailers and consumer goods manufacturers, highlighting the value such technology can bring to organizations and help them get started on this transformational journey.

Content

Blockchain provides all parties secure and universal visibility into all transactions to finally solve the supply chain problems that the industry has been facing for decades. As a trusted system of record, blockchains can also incorporate new data sources, such as the Internet of Things (IoT), and harness the power of cognitive computing so all ecosystem partners can make better decisions and increase efficiency. It solves the historic mistrust between organizations, including fear that information might be passed on to a competitor. Today, even when information is shared, it’s often not fully trusted.

According to Gartner, Inc., blockchain is one of the top 10 strategic technology trends for 2017. Early adopters in the fast-moving consumer goods industry are already creating ecosystems and deploying blockchain to strengthen trust, transparency and efficiency in the supply chain.

Blockchain will fundamentally change how companies interact and do business together.