More on Supply chain management and blockchain. " .... U.S. retail giant, Walmart, is about to start a major test of blockchain technology for supply chain management, The Wall Street Journal reports. A pilot project, which will start in the first quarter of 2017 and run for four months, plans to leverage distributed ledger technology to track and trace pork in China and produce in the U.S. — two high-volume product categories with large markets.
This will be one of the first major tests of blockchain distributed ledgers outside the financial services industry. According to the WSJ, blockchain technology can help in overcoming delays and errors, resulting in more streamlined and efficient supply chain management. In fact, the supply chain management sector is a prime target for advanced applications of blockchain technology. Among companies in consumer goods and manufacturing, 42 percent plan to spend at least $5 million on blockchain technology in the next year, according to a Deloitte survey. ... "