‘Blockchain’ conquer supply chains in the world

According to a study from Capgemini, the technology ‘blockchain’ or chain of blocks will conquer supply chains around the world in the coming years.

The report, entitled “Does Blockchain hold the key to a new age of supply chain transparency and trust?”, which presents an overview of the companies and territories that are driving their capacities for the implementation of blockchain, ensures that In seven years’ time, this technology will be the norm in the operations of supply chains, compared to 3% of the companies that have already implemented it completely today. The 10% has been adopted as a pilot project and the remaining 87% is in the early stages of experimentation.

In fact, 60% believe that this technology is already transforming the way they collaborate with other companies. The main reasons? Cost savings according to the 89% of respondents, a better monitoring capacity, the opinion is 81% and greater transparency, according to 79%. They also emphasized that it allows to transmit information more securely, speed and transparency, and can be applied to critical functions of the supply chain, from the monitoring of production to the monitoring of the supply chains, ensuring compliance with the regulatory framework.

“There are really exciting cases of use in the market that show us the benefits of blockchain to improve the supply chain, but this technology is not a universal solution to all the challenges of an organization,” said Sudhir Pai, responsible of Capgemin Financial services technology. “Performance has not yet been quantified, and business models and processes should be redesigned for adoption. Effective alliances are needed along the supply chain to set up a technological strategy in the form of an ecosystem, integrating the implementation of other technologies, so that its full potential can be realized.

According to previous reports, Blockchain will live different stages, Capgemini determines that the stage of experimentation will end in 2020, with the development of proofs of concept and for 2025 to arrive its point of maturation, after a period in which the organizations They will have been increasingly involved in the processes of change and integration, establishing policies for protection and data management.