[PRESS RELEASE GENEVA, SWITZERLAND, APRIL 28, 2020]
The pressure created by the COVID-19 outbreak on global trade systems highlights an urgent need for global cooperation to maintain and strengthen the resilience of international supply chains.
To help organizations improve future pandemic preparedness and accelerate an economic rebound post COVID-19, the World Economic Forum is releasing the Redesigning Trust: Blockchain Deployment Toolkit which enables leaders to maximize the benefits and minimize the risks of the technology. Resilience in supply chains depends on trust, transparency and integrity, which can be improved through the responsible deployment of blockchain technologies that offer a “shared truth”.
The current pandemic underscores the need for businesses and governments to improve the integrity and provenance of pharmaceutical products and medical supplies, as well as food, goods and industrial and consumer products.
The first of its kind toolkit is the culmination of more than a year of efforts to capture best practices from blockchain deployment across industries. Drawing on the global expertise of more than 100 organizations – including governments, companies, start-ups, academic institutions, civil society, international organizations and technology and supply chain experts – the toolkit helps companies manage the complexities of deploying this new technology and will accelerate its positive impact.
The toolkit (linked below) includes the following modules:
Introduction – The foundations of blockchain deployments and design principles
The toolkit has been piloted in a variety of different contexts by organizations developing blockchain solutions within their supply chains, including the Abu Dhabi Digital Authority, Hitachi, Saudi Aramco as well as a number of SMEs.
The toolkit was created by the World Economic Forum with:
The Centre for the Fourth Industrial Revolution Network Fellows from Hitachi
Among the many others who contributed to its development, in over 50 countries, were:
The Centre for the Fourth Industrial Revolution UAE