Blockchain improving supply chain , finds GlobalData this complex chain of actions can be managed without any human input .”
Blockchain improving supply chain , finds GlobalData this complex chain of actions can be managed without any human input .”
Industry 4.0 tech ‘ falling short on ESG due diligence ’ Although tech is working wonders in many areas , Melnyk feels it is yet to make an impact in others , such as corporate due diligence . “ Transparency on due diligence has not progressed as quickly as it should
‘ Blockchain is boosting customer confidence in products by offering clear and trustworthy information about product provenance , ethical sourcing , responsible supply chain methods , and authenticity ’, finds a report from GlobalData , a leading data and analytics company .
GlobalData Senior Disruptive Tech Analyst Abhishek Paul Choudhury said : “ There is no straightforward way to monitor a product ' s provenance and authenticity in today ' s supply chain networks . Blockchain solutions can track products back to their origin through the supply chain .
“ Blockchain-augmented product authenticity innovations have the potential to generate enormous company value by lowering supply chain risk , boosting transparency , and improving operational efficiency and overall supply chain management .”
Choudhury added : “ As the supply chain evolves , the technology will generate interesting use cases to make operations more resilient .” supplychaindigital . com 101