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Cargill executive Borre Moolenaar offers personal insight on blockchain’s use in product traceability and the here-now future of supply chain efficiency. ....
Photo credit: denisismagilov – adobe.stock.com Cargill executive Borre Moolenaar offers personal insight on blockchain’s use in product traceability and the here-now future of supply chain efficiency. Blockchain technology, having outgrown early fears of supporting shady cryptocurrency deals, is coming to a boardroom, supply chain, loading dock, and perhaps production facility near you. It’s an especially relevant technology for industries such as food and pharmaceutical where, in addition to supply chain efficiency, product safety and traceability are required. If you haven’t heard: Blockchains are digital ledger platforms that can be shared by participants such as all players in a supply chain. Secure, private industry ledgers establish a single immutable record, or single version of the digital truth, that once entered, cannot be modified. This includes data on products, shipments, deliveries, financial closings and more. In supply ....