Published on May 28th, 2018 | by bitcoin0
Businesses that don’t consider blockchain “risk falling behind”, Deloitte says.
A new report issued by audit and consulting firm Deloitte has found that blockchain technology will become a critical asset to the retail and consumer packaged goods (CPG) industry.
The report emphasizes that businesses should assess whether their strategic objectives warrant blockchain investment, adding that those who do not at least consider the possibilities are “at risk of falling behind.” The report tackles the rationale for blockchain across three main areas – consumer, supply chains, and payments and contracts – scoring each in terms of the added-value that blockchain systems could create.
Although it focuses on business adoption, the report nonetheless highlights that: “The ultimate beneficiary will be the consumer.
The report suggests that as an auditable, immutable, and disintermediated system, with smart contract operability to boot, blockchain can effectively address all of these areas.
In April, electronics giant Samsung revealed it intends to use blockchain in managing its global supply chain.