VEF and more than 20 governments will contribute to the development of technology Blockchain

The World Economic Forum (WEF) issued a press release, which shows its intention to contribute to the blockchain technology in the industry supply chain, as well as to cooperate with several partners to achieve this goal.

The WEF, together with the International Organization of Public-Private Cooperation and more than 20 governments, are working together to accelerate the implementation of blockchain solutions.

The release reads :

“Leaders of the global supply chain and logistics industry, the world's largest ports, startups, importers, exporters and civil society have teamed up with the World Economic Forum, the International Public-Private Cooperation Organization and more than 20 governments to accelerate the blockchain deployment in the supply chain.”

The list of participating organizations is impressive. The release mentions some :

“The team includes more than 100 organizations and experts representing major shippers, suppliers of the supply chain and the government. Among them are Maersk, Hitachi, Mercy Corps, the Korean Customs Service, Llamasoft and the ports of Los Angeles, Oakland, Valencia and Rotterdam. A multi-stakeholder group will jointly develop an open source roadmap or toolkit to guide decision makers in the supply chain to deploy the blockchain. It will highlight technical and non-technical success factors, risks and recommendations, as well as requirements. ”

Nadia Hewitt, Blockchain project manager and Distributed Ledger Technology at the World Economic Forum, said the goal was to encourage industry insiders to see how you can get the maximum benefits:

“Because blockchain technology is so new, decision makers in the supply chain need clear guidelines, tools and structures to help them maximize the benefits and minimize the risks associated with this technology. This toolkit will be created and tested by industry so that we can see what works and what does not. We are going to put together a puzzle so that others will not have to start from scratch. ”

Earlier this year, WEF published a report that shows that more than 40 central banks around the world are conducting in-depth research on distributed register technology (DLT) or are introducing some of them.

Publication date 06/05/2019
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