Trade March 11, 2023


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Issues in trade: compromised transparency and reliability
Trade, while being an important source of economic prosperity, is plagued by various issues that undermine trust between stakeholders and raise concerns about the transparency and safety of the supply chain. Consumers often lack awareness of the working conditions of employees involved in the production of the goods they purchase, as well as the raw materials used. Furthermore, price dumping by some producers can impact the quality of the products offered, further compromising the transparency and reliability of producers.

Product counterfeiting: negative consequences for consumer health and producer image
Product counterfeiting is an increasingly widespread problem that undermines consumer trust in brands and producers, especially in the high-tech and luxury industries. Counterfeiting can have negative consequences for consumer health and safety, and damage the image of legitimate producers.

Lack of trust in the supply chain hinders collaboration and innovation
Additionally, the lack of trust between parties involved in the supply chain hinders cooperation and innovation, making it difficult to develop long-term relationships and collaborate to improve product quality and supply chain sustainability.


Blockchain Technology to Enhance Transparency and Security in the Supply Chain
Blockchain technology represents a promising solution for improving transparency, security, and trust in the supply chain. Thanks to the decentralized nature of the blockchain, it is possible to create a distributed ledger of transactions accessible to all supply chain participants. This way, each involved party can monitor the entire production process, from raw material selection to distribution of final products, ensuring greater transparency and accountability.

Verification of Product Authenticity through Blockchain Labels
Blockchain also allows for the verification of product authenticity through the use of RFID or QR code labels registered on the blockchain. This means that consumers can have confidence that the products they purchase are authentic and that the supply chain is secure.

Increased Trust in the Supply Chain through the Use of Blockchain
The use of blockchain can create greater trust among the parties involved in the supply chain. Through the real-time sharing of information and the creation of a more transparent and collaborative supply chain, it is possible to improve product traceability and security, increase trust among the involved parties, and ensure greater social responsibility.

Case Studies


Blockchain technology is revolutionizing supply chain management
Blockchain technology is revolutionizing the supply chain management sector. According to a study by Deloitte, 53% of companies using blockchain technology do so for supply chain management, improving product traceability and security.

Blockchain can reduce supply chain management costs by up to 50%
A study by DHL and Accenture demonstrated that blockchain can reduce supply chain management costs by up to 50%, thanks to the increased efficiency and transparency it provides. These data show that more and more companies are adopting blockchain technology to improve supply chain management.

The global blockchain market in supply chain management will grow by 77.5% until 2025.
According to a report by ResearchAndMarkets, the global blockchain market in supply chain management will grow at a compounded annual rate of 77.5% until 2025, reaching a value of $3.3 billion. This demonstrates that blockchain technology is becoming increasingly important in the supply chain management sector.

Find out how we can help you
We offer specialized consultancy services for the adoption of blockchain technology in supply chain tracking. Our goal is to evaluate the potential effectiveness of using blockchain technology and identify processes that can benefit most from it.
We will begin by identifying specific use cases of blockchain technology in supply chain tracking
to understand how the technology can improve traceability and transparency, prevent fraud, and increase consumer trust.
Finally, we will assess the costs and benefits of adopting blockchain technology
to determine if the adoption is economically viable and can bring significant advantages to the supply chain tracking service.
After evaluating the existing processes, we analyze the feasibility of implementing blockchain technology in the insurance sector.
This allows us to identify the most appropriate use cases for the client and understand how blockchain can be integrated into existing insurance industry processes. In this way, we can identify opportunities to use blockchain technology to optimize the client's processes and improve their results.
If you want to find how blockchain technology can improve transparency and traceability in your business supply chain, book a free 20-minute call with our consulting team now.

We are available to provide you with detailed information on how to integrate blockchain into your operations and improve your business processes.

Don’t miss the opportunity to learn how blockchain can give you a competitive advantage in your industry!

Book a free consultation
Click on the link below to book your free 20-minute introductory call and find how we can help you achieve your goals.
We look forward to speaking with you!
We provide concrete solutions to market limits, through blockchain technology

Since 2018 we have been guiding companies in responsible innovation, through the choice and best application of decentralized technologies. With offices in Venice and Milan, partners in Europe and the Middle East, we are the reference Blockchain Integrator for medium and large companies. We are part of a continuously growing Group that offers an integrated platform of services for innovation and research in the technological field.

Asking is legitimate, providing answers is our duty
To take advantage of the free 20-minute consultation, visit our website and fill out the request form, indicating your contact details and your sector of interest. Our consulting team will contact you to make an appointment and discuss the potential of blockchain technology for your business. This free call will give you valuable insights into how blockchain can improve transparency, traceability and trust in your supply chain.
An example use case of blockchain technology in the commerce sector is IBM Food Trust. IBM Food Trust uses blockchain to trace the food supply chain from source to table, ensuring food safety and preventing any cases of food fraud. Thanks to the IBM Food Trust platform, food suppliers can upload supply chain information to the blockchain, allowing consumers to know exactly where the food they buy comes from and verify its authenticity.
Problems plaguing the trade include lack of transparency and trustworthiness, product falsification and lack of trust in the supply chain. Blockchain technology can help solve these problems by providing greater transparency and security in the supply chain, allowing the authenticity of products to be verified via blockchain labels, and increasing trust between parties involved in the supply chain.
Blockchain can help fight product counterfeiting through the use of RFID tags or QR codes registered on the blockchain. These labels can be associated with information on the origin, production and distribution of products, allowing consumers to verify the authenticity of the products they buy. Furthermore, companies can use the blockchain to monitor the supply chain and detect any attempts at forgery, thus protecting the producer’s image and consumer safety.

The adoption of blockchain technology in supply chain management can lead to numerous benefits, including:

  • Greater transparency and traceability of products along the supply chain
  • Reducing supply chain management costs by up to 50%
  • Increased trust between parties involved in the supply chain
  • Prevention of fraud and product counterfeiting
  • Greater social responsibility on the part of producers and suppliers
  • Improved collaboration and innovation between parties involved in the supply chain
  • Possibility of offering consumers detailed and verifiable information on the origin and quality of the products
  • Differentiation from the market through the adoption of innovative technology and the implementation of more transparent and sustainable practices.