Enterprise Blockchain Use Cases - Consumer Goods Sector

Blockchain Dashboard - Consumer Goods

Comprehensive coverage of blockchain action taking place in the consumer goods sector. Blockchain Projects, use cases, consortia, enterprises involved, executive decision makers, and benefits of blockchain adoption.

Blockchain Use Cases

Enterprises from the consumer goods sector are demonstrating strong confidence in the blockchain technology. Currently, these enterprises are testing this technology for more than 20 different use cases, some of which include, provenance, inventory management, customer loyalty management, supplier payments, and trade finance, among others.

There are more than 160 enterprise blockchain projects underway across the globe. The adoption is well-spread among different categories – small suppliers/ farmers, consumer product manufacturers, and retailers.

Blockchain Projects

Countries where Blockchain Projects are Underway

The adoption of this technology within the consumer goods sector is well-spread across various geographic regions. Companies from Europe remain most proactive with more than 40% of the projects underway in these countries, the United States remains the country with the maximum number of projects at 40.

These projects are being executed by a mix of large system integrators, specialist blockchain vendors, consulting companies and in-house research teams. There is no clear template for engaging blockchain vendors yet, and different enterprises are using different combinations of Blockchain-as-a-Service (BaaS) providers, customized application developers, distributed application platforms (dApps), and in-house IT teams.

Blockchain Technology and Consulting Vendors

Enterprises Involved in Blockchain Projects

More than 380 enterprises, government organizations, and regulators have come forward to test this new technology. Some of the key industry stakeholders involved in these projects include general, consumer product manufacturers, food and beverage companies, packaging companies, NGOs and industry associations and government agencies.

These enterprise blockchain projects are helmed by senior executives that include a combination of business and technology decision-makers from enterprises as well as technology and consulting solution providers. Some of these executives include CEOs and Deputy CEOs, EVPs, CFOs, CIOs, Chief Digital Officers,  Managing Directors, Presidents, and Consulting Partners, among others.

Senior Decision Makers

Blockchain Consortia

The urgency for blockchain adoption, within the consumer goods sector can also be underlined by the fact that 10 industry consortia have already been formed by industry participants, which also includes regulators. The formation of consortia will lead to faster and wider implementation of the use cases.

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