Blockchain in Supply Chains
With this project VIL is looking for the added value of blockchain technology in logistic applications. The focus of this project will be sectors where a safe supply chain is a high priority, like the food, chemical and life science sector. VIL will also examine how blockchain relates to other track & trace solutions in these sectors.
status: Running |
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.
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).
- Market analysis of the current and future blockchain applications, as well as the market players
- To identify the current situation of track & trace systems within the targeted sectors and to analyze their strengths and weaknesses
- To identify best practices based on blockchain technology and/or distributed databases
- To develop an ideal to-be scenario for each sector based on their needs
- To convert these scenarios into a demo with validation of the results and a translation of the concept to the broader logistics sector