The key drivers for supply chain blockchain adoption are increased cost savings, enhanced traceability and greater transparency. IBM Food Trust Blockchain IBM Food TrustAnother supply chain initiative, also from IBM, is TradeLens, which started as a partnership with Maersk initially and was later joined by MSC, Hapag-Lloyd, ONE and Canada-based Global Container Terminals (GCT). Apart from IBM Blockchain, the other major platforms in the supply chain space are R3’s Corda and the Ethereum based Quorum and Hyperledger Besu. With all this, the 2020 outlook for the supply chain space looks as exciting and positive as ever. The blockchain technology is not a solution looking for problems and the supply chain space is the prime example.

Source: Forbes December 05, 2019 13:41 UTC