This is a subscriber-only article.

Get an annal subscription to Entrepreneur+ for $49 $32.83 during our
Memorial Day Sale

Use code SAVE33 at checkout.

Subscribe Now

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

Can Blockchain Help Fix Broken Supply Chains in 2022? Blockchain in Supply Chain was a hot topic - then fell very quiet. Where is it today?

By John Monarch Edited by Joseph Shults

Opinions expressed by Entrepreneur contributors are their own.

We first heard about the potential of blockchain in supply chains several years ago, and almost immediately were thrust into a cycle of hype and hope of what they could do for us, followed by a "trough of disillusion" when nothing moved as fast as we had wanted. But that doesn't mean startups, enterprise and consortia alike haven't been quietly working to advance the technology, and pushing to apply it in ways that we may not have expected.

Modernizing Old Critical Tech

One nonprofit consortium, the Baseline Protocol, has been working on what they call "baselining" enterprise systems. By creating a layer on the Ethereum blockchain that enterprise ERPs like SAP can communicate in a unified way, enabling cross-company and inter-enterprise communication. Coca Cola is currently piloting this in their bottling companies in North America, and is seeking to improve transparency across the bottling supply chain.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Subscribe Now

Already have an account? Sign In