Blockchain set to supercharge global supply chains by 2025

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A recent report by Capgemini Research Institute reveals that Blockchain could become ubiquitous by 2025, entering mainstream business and underpinning supply chains worldwide. Through investment and partnerships, the distributed ledger technology will dominate manufacturing as well as consumer products and retail industries, ushering in a new era of transparency and trust.

The report claims that 60% of pacesetters believe that Blockchain has transformed the way they collaborate with their partners and investment is expected to grow by 30% in the next three years.

Currently, just 3% of organizations that are deploying Blockchain do so at scale and 10% have a pilot in place, with 87% of respondents reporting to be in the early stages of experimentation with blockchain.

The UK (22%) and France (17%) currently lead the way with at-scale and pilot implementation of Blockchain in Europe, while the USA (18%) is a front-runner in terms of funding Blockchain initiatives.

7% of the leading organizations in India are investing in Blockchain implementation.

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