SUPPLY CHAIN
In 2022 , international shipping alone accounted for nearly 3 % of the world ’ s greenhouse gas emissions
CREDIT : GETTY
Blockchain technology is becoming an ever-more powerful tool in the field of supply chain risk management , bringing resilience and robustness to organisations .
Blockchain works so well in this regard because it enables the peer-to-peer transfer of value – be it be assets , identity or information – without the need for a central intermediary .
One of the leading exponents of blockchain solutions in supply chain is Paul Brody , who is Global Blockchain Leader at EY . Brody oversees EY ’ s blockchain strategy and solutions , and is a prominent advocate for public blockchains and privacy technology .
He has also recently published a book on the subject . Ethereum for Business .
( Ethereum is a decentralised blockchain with smart contract functionality .) The book is a plain-English guide to the world ’ s largest blockchain . Topics covered include data quality , efficiency , smart contracts , privacy , scalability and supply chain management . It is aimed at executives who want to understand the potential of blockchain for solving real-world business problems .
Brody says of the book that he “ takes aim at the idea that blockchains are mostly about cryptocurrencies and finance ”. He firmly believes Ethereum public blockchain “ is the digital glue binding together business ecosystems ”.
“ No firm is an island ,” he points out , “ and increasingly , the biggest challenge faced by enterprises is synchronising all their business partners and relationships ”.
44 November 2023