WEF: “blockchain will save $ 365 billion by improving supply chain efficiency”

The World Economic Forum estimates that by 2030, blockchain could save $ 365 billion by reducing food losses in supply chains.

According to a report published by the World Economic Forum (WEF), new technologies, such as blockchain, can stimulate economic growth through “nature-friendly” solutions. According to researchers, environmental solutions can create 395 million jobs and offer business opportunities worth $ 10.1 trillion by 2030.

UN Under-Secretary-General and Director of the United Nations Environment Program Inger Andersen commented on this issue:

“We are entering a decade of action aimed at stopping and reversing the process of biodiversity loss by 2030 and addressing climate change. Business must play a decisive role in protecting the environment on our planet. They have the technology, innovation and financing to make the necessary changes towards increasing investments in natural infrastructure and solutions. ”

According to the report, blockchain could help save $ 365 billion by reducing food waste in food supply chains. Pilot programs have been launched in Benin, Ghana, India and Rwanda. Their results show that relatively inexpensive storage and handling methods can reduce product loss after harvest by more than 60%. They can also increase the income of small landowners by more than 30%.

Among the examples of such solutions, WEF cites the IBM Food Trust study. This project has already begun to implement blockchain-based supply chains with Walmart , Tyson Foods, Nestle and other companies. The report also clarifies that the use of blockchain in the supply chains of energy and mining can create business opportunities worth $ 30 billion in 2030:

“The use of blockchain can grow rapidly over the next decade, especially in the areas of mining precious stones, diamonds, tin, tungsten and cobalt. The economies of scale will allow companies to achieve significant savings from initial investments in the blockchain, eliminating the need for expensive materials and verification processes. ”

The report says that innovations such as 3D printing and blockchain in energy and mining supply chains can provide “nature-friendly” innovations, supporting both the value chain and environmental goals.

Recently, the World Economic Forum and the Government of Colombia began testing an Ethereum-based project to increase transparency in government processes and fight corruption. Earlier, WEF published the principles of blockchain application development and released a set of blockchain tools for supply chains.





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