KPMG has officially launched a blockchain-based track and trace platform in Australia, China, and Japan, dubbed as KPMG Origins.
On Nov. 28, KPMG announced that the platform is designed to increase transparency and traceability of processes in multiple industries across agriculture, manufacturing, and financial services.
Intends To Improve The Supply Chains Processes
KPMG Origins aims to improve the supply chain process by incorporating blockchain and the Internet of Things. Communications can be maintained on product data with the trading partners across the supply chains, thus reducing the whole complexities of the supply chain processes.
The announcement further states that the launch is followed by successful pilot implementations with clients in those countries.
KPMG Origins’ trial participants included:
- SunRice, one of Australia’s largest branded food exporters
- Canegrowers, a peak body for Australian sugarcane growers
- Mitchell Wines a vineyard company
Matt Kealley, senior manager at membership engagement and innovation at Canegrowers commented on KPMG Origins:
“A blockchain solution, such as KPMG Origins, could provide a platform which will enable end-users to capture the sustainability credentials of the product directly from the grower to customer.”
Blockchain Projects In Supply Chains
Recently, Walmart Canada rolled out an automated blockchain-based supply chain management for freight tracking and payment management. The new system is developed in collaboration with DLT Labs, a freight and payment processing blockchain company that enables users for automatic trace deliveries, verify transactions and handle payments and reconciliation.
The IT firm behind Coca-Cola’s bottle manufacturing supply chain processes gets a taste for blockchain technology. Coke One North America (CONA) said its pilot project with software provider SAP is now set to be expanded from two to 70 of the manufacturers that deliver the 160,000 bottles Coca-Cola shops daily.
In September, Srijan Technologies, a private company in India declared that it is supporting a group of researchers at the Indian Institute of Technology (IIT), Delhi in a project that will be using blockchain to track honey from farm to retailer in order to extract illegal additives and impurities along the supply chain.
Check out a review on What Blockchain Can Do For The Global Supply Chain? by CryptoNewsPoint
Source: Cointelegraph | KPMG : Image: BTCManager.com