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Collapsed supply and demand, transport frictions, labor shortages and, in some cases, early signs of protectionism, are making it increasingly tough for suppliers to keep goods and services flowing across global value chains. This WEF article argues that blockchain technology is key to mitigating the impact of such disruptions.

The World Economic Forum published a Blockchain Deployment Toolkit for building more resilient supply chains. The 244-page report includes checklists, guided questions, explainers and risk assessments addressing tax concerns and data privacy; forming a consortium, its ecosystem and governance; public vs private chains; cybersecurity; interoperability; and digital identity, among other concerns.

The COVID-19 crisis has revealed a general lack of connectivity and data exchange built into our global supply chains. Future resiliency will depend on building transparent, inter-operable and connective networks. Hence, the World Economic Forum, in association with its international blockchain community, co-developed the Redesigning Trust: Blockchain Deployment Toolkit, with a supply chain focus.