Track and Trace – How Blockchain is making Supply Chains more Transparent and Efficient

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Blockchain in supply chain Market Overview

Blockchain encompasses a permanently recorded digital ledger that is secure to share with multiple parties such as sellers, distributors, retailers, vendors, and end-users. The technology has the potential to be the digital supply chain’s backbone. Since blockchain provides a safe and reliable tracking mechanism from one end of the supply chain (the manufacture or mining of raw materials) to the other end of the supply chain (where the end-user receives the finished product). It aids in the fight against counterfeiting and is gaining popularity among key players in several sectors.

Supply chain operators are leveraging blockchain to log production updates to a common shared ledger, providing comprehensive data visibility and a single source of truth. Several industry players are implementing it to access a product’s status and the location at any time since transactions are always time-stamped and up to date.

However, blockchain is still an emerging technology with its share of potential concerns. Enterprises that intend to leverage blockchain technology in their supply chain must be aware of and prepared for the present obstacles

The report highlights real-world innovation use cases and examples related to the implementation of blockchain technology by companies as well as startups in the supply chain business function. It also casts light on how tech-enabled innovations are transforming every segment of the supply chain business function.

Key features Anonymity, Autonomy, Contract automation, Immutability, Irreversibility, Transparency, Provenance, and Uniqueness and Ownership
Key innovations Supply Tracking, Inventory Management, Product Authenticity, Smart Contracts, and Paperless Documentation
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Buy the full report or download a free sample for more highlights on how blockchain is making supply chains more transparent and efficient

Key Features of Blockchain to Transform Supply Chains

  • Anonymity: As data is sent between nodes, the individual’s identity stays hidden.
  • Autonomy: Each blockchain node can safely access, transfer, store, and update data without the need for third-party involvement.
  • Contract automation: Smart contracts are often coded with rules, fines, and actions that get applied to all parties participating in the transaction.
  • Immutability: Blockchain uses timestamps and regulations to ensure the immutability of nodes.
  • Irreversibility: In each blockchain, a specific and verifiable record is maintained for every transaction ever made.
  • Transparency: Data is captured and saved on the network with consensus, and it is accessible and traceable throughout its existence.
  • Provenance: Every product on the blockchain has a digital record document that manifests its legitimacy and provenance.
  • Uniqueness and ownership: Every document shared on the blockchain has a unique hash code that keeps ownership data.

Key Innovations of Blockchain Technology

The key innovations of blockchain technology are as follows:

  • Supply Tracking
  • Inventory Management
  • Product Authenticity
  • Smart Contracts
  • Paperless Documentation

Smart contracts have established a broad spectrum of new digital relationships by enabling multiple parties to a transaction to determine and quantify specific parameters quickly, seamlessly, and transparently. Several players are adopting the technology to improve traceability, optimize processes, and battle counterfeits. Moreover, blockchain technology connects distribution hubs, manufacturers, production sites, retail partners, suppliers, and warehouses with a permanent record of every transaction that commences. These records are then saved and made available to everyone within the network.

Buy the full report for more insights on how blockchain is impacting the supply chain business, download a free report sample


  • Innovation Insights: innovation examples by each use cases segment of various sectors to present key trends.
  • Vendor Map: represents a sample list of vendors in each use case highlighted in the report.

Key Highlights

Innovations: presents real-world innovation use cases and examples related to the implementation of blockchain technology by companies as well as startups in the supply chain business function. It casts light on how tech-enabled innovations are transforming every segment of the supply chain business function.

Reasons to Buy

  • No surprise that technology has been a driving force in business transformation for years, but the term ‘emerging technologies’ has all of the sudden become the key catalyst to drive the next wave of innovation across sectors.
  • The sense of urgency weighs different across different sectors, where the direct customer-facing sectors are at the forefront compared to other capital-intensive sectors. Companies in one sector can take cues from successful innovations in other sectors to either draw analogies with existing products, services, and processes or transfer strategic approaches for a revolutionary transformation.
  • Against this backdrop, enterprises need to understand which emerging technologies are impacting their sector and how various companies are implementing them to meet various challenges.
  • The innovation landscape report in blockchain in supply chain management published by GlobalData covers some of the key trends, use cases, and real-world examples related to the implementation of emerging technologies across the supply chain business function.

ACG inspection
Aura Blockchain Consortium
Blockedge Technologies
Coca Cola
Dainippon Printing
Data Gumbo
De Beers
Hong Kong Monetary Authority
Jaguar Land Rover
Lockheed Martin
Mitsubishi Chemicals
National Tooling and Machining Association
Rishabh Software
Samsung SDS
Shanghai International Port Group
Tech Mahindra
Zuellig Pharma

Table of Contents

Table of Contents

Executive summary

Major setbacks with traditional supply chains

Key features of blockchain to transform supply chains

Vendor map by high-impact use cases

Key innovations

  • Supply Tracking
  • Inventory Management
  • Product Authenticity
  • Smart Contracts
  • Paperless Documentation

Implementation challenges of blockchain for supply chains


Frequently asked questions

Track and Trace – How Blockchain is making Supply Chains more Transparent and Efficient thematic reports
Currency USD

Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Track and Trace – How Blockchain is making Supply Chains more Transparent and Efficient was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Track and Trace – How Blockchain is making Supply Chains more Transparent and Efficient in real time.

  • Access a live Track and Trace – How Blockchain is making Supply Chains more Transparent and Efficient dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.