According to a February 25 press release, Accenture is working with major international companies, including Mastercard, to build a blockchain-based circular supply chain.
Accenture, an active user of blockchain and digital ledger technology, now intends to use this technology as a key element to energize the circular supply chain. The term circular supply chain encompasses all stages of the supply chain, from beginning to end, to eliminate waste and improve sustainability for the environment .
As part of the announced initiative, Accenture is collaborating with leading global companies including the Amazon Web Services cloud company, Blockchain Supply Chain Company Everledger, the organization Mercy Corps International Development Corporation and the Mastercard Financial Services Group.
According to the release, the new circular supply chain feature enabled by the blockchain will allow customers to identify suppliers and small-scale producers of the supply chain and reward them by using direct payments.
In addition, the new feature is designed to enable better inventory management and waste disposal, transparency of the supply chain and authenticity of products.
David Treat, general manager and head of global channel chain at Accenture, said the application of the chain of chains to a circular supply chain capability allows the corporate sector to rethink the channels of business. Global supply.
Earlier today, the German automotive brand Mercedes-Benz Car announced that it was entering the pilot phase of a blockchain-based platform to increase transparency and transparency. sustainability in complex supply chains.
On February 23, French President Emmanuel Macron advocated the use of the blockchain to innovate in the management of the supply chain in the European agricultural industry.