PwC Australia aims to reduce the complexity of international trade by moving supply chain information onto a blockchain.
The consultants are teaming up with the Australian Chamber of Commerce and Industry and the Port of Brisbane to form a ‘Trade Community System’.
According to PwC Partner, Ben Lannan, by digitizing supply chain data, it will “improve connectivity for supply chain participants, reduce friction for business and reduce supply chain costs”. He expects the result to be major productivity gains.
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