An Open Platform for Traceability: Accelerating Transparency and Sustainability across Manufacturing Ecosystems
While the manufacturing and production sectors comprise 16% of global GDP and are key drivers for economies around the world,1 the complex network of supply chains on which these sectors rely presents enormous economic, social and environmental risks that must be collaboratively addressed. Blockchain technologies have the potential to mitigate these risks by enhancing transparency and traceability that can be leveraged to create more efficient and sustainable supply chains. Capitalizing on this potential requires accelerated adoption of blockchain – and blockchain-enabling –technologies, but also new collaborative and neutral platforms to visualize and share traceability data to enable a culture of transparency and mutual accountability across these global networks, while providing consumers with the information they demand.