Why thoughtful blockchain implementation is key to improving supply chains in a post-COVID world

Why thoughtful blockchain implementation is key to improving supply chains in a post-COVID world

Thoughtful blockchain implementation is key to improving supply chains in a post-COVID world. The World Economic Forum developed the Blockchain Deployment Toolkit , a first-of-its-kind set of high-level guidelines documenting tested best practices to address the issues that arise in blockchain implementation projects.. The World Economic Forum has produced a toolkit on responsible deployment of blockchain in global supply chains.. The efforts support UAE's federal blockchain strategy, which aims to capitalize on blockchain technology and keep pace with federal plans to conduct 50% of UAE government transactions using blockchain by 2021.. Streamlined, structured processes Pilot Project #2 with Saudi AramcoThe challenge: Saudi Aramco has utilized the newly developed Toolkit to aid in completing two critical use cases in supplier management and credential verification.. The first use case identifies a solution to the long and time-consuming process of supplier management, which can be leveraged against wide spectrums of industry challenges.. The second use case identifies an adoption strategy for credential verification and assurance of degree authentication.. "As organizations pivot quickly to put new technologies into place, the COVID-19 crisis has highlighted the need for both speed and clarity in blockchain implementations.".