Study: Blockchain set to supercharge global supply chains by 2025
The study found that cost saving (89%), enhanced traceability (81%) and enhanced transparency (79%) are the Top 3 drivers behind current investments in blockchain.
Blockchain could become ubiquitous by 2025, entering mainstream business and underpinning supply chains worldwide, according to a new report by the Capgemini Research Institute, Paris. Through investment and partnerships, the distributed ledger technology will dominate manufacturing as well as consumer products and retail industries, ushering in a new era of transparency and trust.
The report, “Does blockchain hold the key to a new age of supply chain transparency and trust?” provides a comprehensive overview into the businesses and geographies ramping up their blockchain readiness, and predicts that blockchain will enter mainstream use in supply chains by 2025. Currently, just 3% of organizations that are deploying blockchain do so at scale and 10% have a pilot in place, with 87% of respondents reporting to be in the early stages of experimentation with blockchain.