News / Blockchain may be the way ahead for supply chains – but not yet

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Some 80% of blockchain initiatives in the supply chain sector are unlikely to go beyond the pilot phase until at least 2022, according to new research from supply chain analyst Gartner.

It said the main reason was that such initiatives had largely “pursued technology-oriented models that have been successful in other sectors, such as banking and insurance” and which were unsuitable for the way supply chains typically work.

“Modern supply chains are very complex and require digital connectivity and agility across participants,” ...