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Monday, March 04, 2019

Accenture Circular Supply Chain

Another example of transparency and reliance on shared data.    Especially for small players.   Involvement of Mastercard and Accenture would indicate some belief in the value of the system.

Accenture builds sustainable trade ‘Circular Supply Chain’ blockchain to trace and track goods  By Kyt Dotson

Global professional services company Accenture Plc announced Monday the launch of what the company calls the Circular Supply Chain: a blockchain distributed ledger that connects sustainable trade practices with producers, suppliers, processors, wholesalers and consumers.

The system combines digital identity, payments and blockchain tracking to directly reward small-scale growers and suppliers for engaging in sustainable and “green” practices while providing transparency across the entire supply chain.

“Our identity capabilities are already empowering millions of users around the globe to access essential services like healthcare, banking and travel,” said David Treat, a managing director and global blockchain lead at Accenture. “Our circular supply chain capability combines these components with blockchain and expands its application to places and things, which is allowing us to rethink global supply chains.”

To build this service, Accenture partnered with credit giant Mastercard Inc., cloud services company Amazon Web Services, blockchain infrastructure provider Everledger Ltd. and the nonprofit humanitarian aid organization Mercy Corps.    ... "

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