Blockchain’s role in global supply chains remains a topic of debate, with some arguing it still holds relevance while others see it as a passing fad. Despite this skepticism, blockchain is described as an aspirational technology for many businesses seeking to improve visibility across networks. The core promise is a distributed and immutable ledger of transactions that can enhance trust and data integrity among partners.
Bryan Daugherty, global public policy director at the BSV Association, explains how blockchain can help address conflicting data and the delays that arise when exchanging information with supply chain partners. By consolidating data into a single, tamper-evident record, blockchain could reduce friction caused by data reconciliation among suppliers, manufacturers, and logistics providers. Daugherty argues that blockchain offers an answer to fragile, opaque, and heavily siloed logistical problems. If adopted, blockchain offers a path to de-siloed logistics, turning fragmented information into a verifiable source of truth and enabling more efficient, interoperable supply networks.
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