Seminal Blockchain Toolkit to Lead Supply Chain Recovery through Coronavirus Pandemic

Seminal Blockchain Toolkit to Lead Supply Chain Recovery through Coronavirus Pandemic

Blockchain
May 18, 2020 Editor's Desk
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In association with the Centre for the Fourth Industrial Revolution UAE and the Dubai Future Foundation, DFF, the World Economic Forum has issued a complete blockchain toolkit to provide businesses and organizations new, industry-tested solutions to the critical issues limiting global supply chains, which have been displayed by the COVID-19 pandemic. The Redesigning Trust toolkit
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In association with the Centre for the Fourth Industrial Revolution UAE and the Dubai Future Foundation, DFF, the World Economic Forum has issued a complete blockchain toolkit to provide businesses and organizations new, industry-tested solutions to the critical issues limiting global supply chains, which have been displayed by the COVID-19 pandemic.

The Redesigning Trust toolkit presents tools, resources, industry insights, and best practices for organizations exploring ways to enhance traceability, accountability, visibility, and end-to-end, real-time communication.

The toolkit has been produced following a deep analysis of projects and use cases of more than 100 blockchain stakeholders from over 60 public- and private-sector entities over the world concentrated on supply chain logistics, including outstanding work and feedback from the DFF and World Economic Forum Centre for the Fourth Industrial Revolution UAE.

“As a test-bed for technological innovations and ideas that drive transformations in vital industries, DFF’s contribution to the toolkit will benefit decision-makers, entrepreneurs, and businesses in defining their future strategies,” said Abdulaziz Al Jaziri, Deputy CEO and Chief Operating Officer of DFF in a statement.

Ahead of the toolkit’s release, it was tested by DFF and World Economic Forum Centre with the Abu Dhabi Digital Authority, to provide real-world feedback on its usage and effectiveness, in extension to showcasing association with the UAE’s blockchain infrastructure development strategy. The results and insights obtained from the trial were shared and included in the final publication.

The UAE and DFF also performed basic research roles in the formulation of the toolkit with a whitepaper written by the World Economic Forum Centre for the Fourth Industrial Revolution UAE, called “Inclusive Deployment of Blockchain: Case Studies and Learnings from the UAE”.

“Moving forward, there must be an emphasis on rebuilding global trade networks by learning and putting into practice the lessons emerging from this pandemic. The solutions that blockchain technology provides, outlined in the Redesigning Trust toolkit, can go a long way to future-proofing and safeguarding businesses in the recovery and adaptation to the new normal,” said Mariam Al Muhairi, Project Manager World Economic Forum Centre for the Fourth Industrial Revolution UAE at DFF in a statement.

“While developing governance for emerging technologies, the exchange of knowledge and the need for collaboration are key. For this reason, contributors to the forum’s blockchain deployment toolkit included a diverse group of leaders from governments, companies, start-ups, academic institutions, civil society, international organizations and experts from across the globe,” said Nadia Hewett, Blockchain and Digital Currency Project Lead, World Economic Forum, in a statement.

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