UCL CBT and Retail Blockchain Consortium release report on global DLT adoption in supply chain
Over 100 projects from around the world have been analysed.
The UCL CBT, with the support of the Retail Blockchain Consortium (RBC), have created a market report looking at the adoption of Distributed Ledger Technology (DLT) in physical supply chains. This report is the first comprehensive outlook on the state of DLT in the global physical supply chain sector. As part of this report over 100 different projects have been analysed including start-ups, corporates, consortia and government that are implementing various aspects of DLT in the applications areas of tracing (provenance), logistics, financial transactions, retail operations and circular economy. This initial report looks more closely at the impacts of DLT in the physical supply chain in the application areas in the Grocery, Fashion and Healthcare sectors.
Some highlights of the report include:
- Progress of projects is well developed with nearly 15% of projects analysed having moved into production.
- Projects are nearly equally split between the Americas, Europe and Asia. On a country level, the USA dominates. Chinese projects are underreported due to the lack of English language information available. This conclusion can be made by comparing the number of patents being filed by Chinese companies, which are comparable to those filed by American companies.
- Over half of all projects analysed are utilising private blockchains.
- The Grocery sector has the greatest number of active projects.
- The greatest number of projects is within the Product Tracing usage area, followed by Logistics and Financial Transactions. The Circular Economy and Retail Operations areas are not well developed but are beginning to attract attention.
- There are overlaps between projects when analysing by application areas (i.e. projects that operate in one usage area also operate in other usage areas). This is not the case when looking at sectors; for instance, Grocery projects overlap with Healthcare and Fashion, but Fashion and Healthcare do not.
- Funding levels and the operational scale of projects are approximately equivalent across Product Tracing, Logistics and Financial Transactions. Progress and partners are most developed in the Product Tracing area and Logistics, with Financial Transactions not yet as developed.
Download the full report which includes an overview of blockchain, explores in detail various different applications of DLT in the physical supply chain and interesting projects taking place.