Grocery Involved in Nearly Half of all DLT Supply Chain Projects

The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based supply chain projects.

Research conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. 4 shows that the grocery industry has the highest number of DLT-based supply chain tracking projects.

Per the report, nearly half of all the projects analyzed operate within the grocery sector, while about 15% respectively operate in the healthcare and fashion industries.

Lastly, about 39% operate in other, unspecified areas.

Among these, the researchers found many non-sector specific projects which either relate to functional specializations or industry-agnostic projects which are focused on a use case capable of application across multiple industries.

Of the 105 projects studied by the researchers, 49 were focused on a given industry, with 71%, 35% and 43% concentrating only in their operating sectors in the Grocery, Fashion and Healthcare arenas respectively.

At the end of June, Walmart China announced that the company was planning to use blockchain to track food through the supply chain to ensure freshness in perishable groceries.