Yesterday the World Economic Forum (WEF)
announced a new initiative “Redesigning Trust with Blockchain in the Supply Chain” to ensure blockchain is deployed in an “interoperable, responsible and inclusive way”. There’s much to gain in terms of efficiency, transparency and interoperability.
The group aims to co-design an open source roadmap or toolkit for blockchain deployment. Given blockchain is a team sport, many issues are not technology related. Hence the group plans to look at both technical and non-technical drivers of both risks and success.
The emphasis is on drawing from a broad base of participants to address the fragmented supply chain industry. As a result, the group includes logistics companies, container shippers, ports, blockchain startups, importers and exporters, the International Organization for Public-Private Cooperation and more than 20 governments.
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