“Blockchain for supply chains” has become a prominent, and very promising application scenario for blockchains, enabling transparency between untrusted partners and traceability throughout production processes. The advantage of using blockchain technology in the supply chain is that it provides an open, immutable, global, online ledger for transactions, which includes a verification mechanism.
Recently, various start-ups (Chronicled, Everledger, Skuchain, Blockverify, ubirch, Provenance etc.) and large corporate players (IBM, Microsoft, Walmart, Maersk, BHP Billiton, etc.) have begun to run proof-of-concept studies, committing significant R&D resources to building new platforms and fostering international collaborations.