Grocery Involved in Nearly Half of all DLT Supply Chain Projects
The groceries sector benefits the most from distributed ledger technologies, new study finds.
The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based (DLT) supply chain projects.
UCL: grocery most active in DLT tracking
Research conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. 4 shows that the grocery industry has the highest number of DLT-based supply chain tracking projects. Per the report, nearly half of all the projects analyzed operate within the grocery sector, while about 15% respectively operate in the healthcare and fashion industries.
Lastly, about 39% operate in other, unspecified areas. Among these, the researchers found many non-sector specific projects which either relate to functional specializations (such as logistics or supply chain) or industry-agnostic projects which are focused on a use case capable of application across multiple industries.
71% of focused projects working in grocery
Of the 105 projects studied by the researchers, 49 were focused on a given industry, with 71%, 35% and 43% concentrating only in their operating sectors in the Grocery, Fashion and Healthcare arenas respectively.
Number of DLT supply chain tracking projects | Source: UCL
As Cointelegraph reported yesterday, automaker Volvo Cars, owned by Chinese automotive group Geely, has produced electric cars with cobalt mapped on a blockchain.
At the end of June, Walmart China announced that the company was planning to use blockchain to track food through the supply chain to ensure freshness in perishable groceries.