TECH & AI
He adds : “ It ’ s great for transparency and traceability , but most firms don ’ t want to share that much detail with the public .”
Paul notes that even private blockchains don ’ t fully address this issue and says the use of a complex type of maths called a zero-knowledge proof is necessary to make privacy work .
EY has been investing heavily in this advanced cryptography , recognising its importance amid widespread blockchain adoption in business contexts .
As blockchain technology continues to evolve and mature , its impact on supply chain management is only set to grow .
Paul concludes with a glimpse into the future : “ We recently completed our first proof of concept that uses tokenisation to track supply chain components from ‘ dirt ’ to the data centre .
“ I ’ m hopeful we ’ ll move to a pilot and then production with this client . It ’ s very exciting to see the concepts of sustainability , traceability and inventory management all come together in a single infrastructure .”
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