Successful blockchain implementation in supply chains

Two of Finboot’s successful blockchain implementations are referenced, including a project with energy giant Repsol.

WEF’s Blockchain Deployment Toolkit, which was published on 28 April, aims to shape the development and deployment of blockchain solutions and to provide a space for global cooperation to create understanding and policies that accelerate these technologies’ positive impact. It shares tested-and-tried deployment best practices, insights and lessons from a community of over 100 organisations and addresses related issues that may arise in implementation projects.

Nish Kotecha, Chairman and Co-Founder of Finboot, commented: “We are delighted to have been one of just a handful of examples included in WEF’s Blockchain Deployment Toolkit. Finboot has gone from strength to strength in the past year, working with businesses in a range of sectors to integrate blockchain within their supply chain processes efficiently and effectively. We specifically designed MARCO so that it could be quickly configured for multiple use cases, and this has proven to be one of its biggest strengths.

As acknowledged by WEF, the COVID-19 pandemic has clearly demonstrated that there is a pressing need for supply chains to be more resilient and agile, and blockchain holds the key to this. This technology will revolutionise the industry and we look forward to playing our role in embedding blockchain across the global supply chain network to create a new gold standard.”