Supply chains can be complex, with many parties involved who often barely know each other, or not at all. Data traffic connected to the transport of goods is profoundly digitalized to make logistics more efficient and transparent. The customer also has increasingly higher demands regarding the traceability of their goods.
The digitalization and complexity are making supply chains more vulnerable. Transactions need to be executed safely to guarantee the trust between the several actors in the supply chain. Multiple sectors have made efforts to put up track and trace systems between companies and between companies and customers to guarantee transparent product information. Today blockchain is considered as the preferred technology for secure data transfers in the supply chain.
Opportunities
This project must on the one hand provide a foundation for an increase of security and reliability of data traffic in the supply chain and on the other hand provide the possibility to save costs (by optimizing security processes and preventing problems).
