TECH SUPPLIER Jun 2020 - Market Perspective - Doc # EUR145774420

Blockchain in Supply Chain: Rethinking Transparency and Data Exchange

By: Radoslav DragovSenior Research Analyst, European Customer Insights & Analysis, European Blockchain

Abstract

This IDC Market Perspective examines how blockchain technology is applied in supply chain management. Blockchain is a natural fit for supply chains, and we look at current adoption rates in European enterprises, popular use cases, and the benefits of the technology. While blockchain in supply chains is gaining traction, it's still not widespread. This document discusses the challenges to greater adoption as well as steps that tech vendors can take to mitigate them.

"Companies and practitioners are starting to recognize the potential of blockchain to solve many of the challenges of modern supply chains: effortless linking of multiple stakeholders, providing a single source of truth, removing data silos, and boosting security and transparency," said Radoslav Dragov, IDC's European Blockchain Practice Lead.


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