Published on May 28th, 2018 | by bitcoin0
Blockchain Making Big Changes In Industry
A new report from “Big Four” auditing firm Deloitte argues that blockchain integrations across retail and consumer packaged goods (CPG) could “revolutionize” the industries.
The research identified four areas within retail and CPG where blockchain has the potential to ease pain-points in the industries, including traceability, compliance, flexibility and stakeholder management – with the supply chain use case having the most potential in the short-term.
Steve Larke, technology consulting partner at Deloitte, sees blockchain technology as the “next big thing” for retailers and consumer businesses, with its ability to authenticate, track and record transactions.
As the “age of blockchain” approaches, firms that do not consider blockchain within their processes, are at “risk of falling behind competitors,” he added.
Firms within the retail and CPG industries “need to act now and plan for future blockchain adoption, or risk being left in the dust.”