The World Economic Forum, an international organisation for Public-Private Corporation, has announced the release of ‘Redesigning Trust: Blockchain Deployment Toolkit’ to help increase the international supply chain transparency.
The crisis due to COVID-19 has increased the need of resilient supply chain, which depends on factors like trust, transparency and integrity.
The implementation of blockchain technology ensures transparency of data and improved integrity.
The tool is designed using years of expertise and from the best blockchain deployment practices across industries.
It reflects the expertise of more than 100 organisations including Government, companies, start-ups, academic institutes, civil society, interaction organisations and technology and supply chain experts. This will facilitate the companies to easily deploy the latest technology and drive positive results.
It is a comprehensive guidebook to design blockchain-enabled solution.
“The blockchain deployment toolkit is essential for designing solutions that work for a multitude of actors, including smaller players who may not have access to the resources required to unlock the value of blockchain technology,” said Nadia Hewett, Blockchain and Digital Currency Project Lead, World Economic Forum.
The tool bas been implemented in few organisations developing blockchain solution within their supply chain including Abu Dhabi Digital Authority, Hitachi, Saudi Aramco as well as a number of SMEs.