Blockchain enables supply-chain transparency and business growth

RECENT research by the Economist Intelligence Unit has uncovered significant issues in the way multinational firms manage the ethical performance of their supply chains. With less than a third of organisations addressing issues such as ethical breaches or supply-chain corruption, this spells a major concern across all industries.

Supply chains bear the responsibility of reputation for a brand. Problems in the supply chain recently resulted in frozen foods being recalled over warnings of a potentially deadly listeria outbreak. It has also generated costly and damaging challenges for aviation companies.

A lack of trust can become a major issue for manufacturers who want to earn and maintain customer loyalty. A Harvard Business Review study showed that retailers with a high level…