Wednesday, March 3, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Blockchain

World Economic Forum advocates ‘thoughtful’ blockchain implementation for supply chain post-Covid-19

April 30, 2020
in Blockchain
World Economic Forum advocates ‘thoughtful’ blockchain implementation for supply chain post-Covid-19
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The World Economic Forum (WEF) has launched a blockchain deployment toolkit aimed at presenting guidelines for implementation best practices – as the body urges that beyond the coronavirus pandemic a ‘thoughtful’ outlook for the technology is required.

The toolkit is the result of more than a year’s work by the WEF, working with more than 100 organisations and 50 countries and looking into 40 blockchain use cases, from provenance and traceability to automation and streamlined operations.

You might also like

Aries becomes next Hyperledger project graduating to active status

Blockchain lags behind other technologies in finance adoption for now, says Broadridge

KPMG, BitGo, and Coin Metrics launch combined offering for public blockchains

Two pilot programs were put together, which the WEF says produced the findings of a need for objectivity and guidance, as well as streamlined, structured processes.

In a project with The Abu Dhabi Digital Authority (ADDA), WEF looked to implement the document’s best practices in putting blockchain across the public sector’s digital infrastructure. Prior to the pilot, ADDA had found challenges developing a full set of guidelines for blockchain implementation ‘given the dynamic nature of emerging technologies’.

For Saudi Aramco, the parameters were around supplier management and credential verification. With the help of the toolkit, WEF touted, the energy provider was able to develop a structured approach, as well as provide a clear checklist to ensure all aspects of the project were covered during planning and implementation.

In January, the WEF advocated a positive outlook for blockchain technologies in 2020 and beyond – but only if the ‘resignation’ around governance became recognition. “Companies are waking up to the idea that to go far, they ought to go together,” wrote Sheila Warren, WEF head of blockchain and distributed ledger technology at the time.

Since then, the Covid-19 pandemic has caused a seismic threat to ‘business as usual’ processes outlined across industries at the beginning of this year. Linda Lacina, digital editor of the World Economic Forum, noted the potential blockchain technologies could have going forward.

“Covid-19 has shown the vulnerabilities of our supply chains and the opportunity for technologies such as blockchain to boost efficiencies and strengthen trust across a range of stakeholders,” Lacina wrote. “However, as organisations pivot quickly to put these new technologies in place, the crisis has highlighted the need for both speed and clarity in implementations.”

Going forward, Lacina hopes the toolkit will be consulted by organisations focusing on other projects directly combating coronavirus. “The role supply chains play has never been more critical,” wrote Lacina. “The toolkit’s many resources can streamline blockchain implementation efforts for a diverse range of supply chains and their stakeholders ensuring continued resilience.”

You can read the full post here.

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.   

The post World Economic Forum advocates ‘thoughtful’ blockchain implementation for supply chain post-Covid-19 appeared first on The Block.

Credit: Blockchain News

Previous Post

Ruha Benjamin on deep learning: Computational depth without sociological depth is 'superficial learning’

Next Post

Singapore unveils winning 5G licensees, TPG loses out on nationwide bid

Related Posts

Aries becomes next Hyperledger project graduating to active status
Blockchain

Aries becomes next Hyperledger project graduating to active status

March 2, 2021
Blockchain lags behind other technologies in finance adoption for now, says Broadridge
Blockchain

Blockchain lags behind other technologies in finance adoption for now, says Broadridge

February 26, 2021
KPMG, BitGo, and Coin Metrics launch combined offering for public blockchains
Blockchain

KPMG, BitGo, and Coin Metrics launch combined offering for public blockchains

February 25, 2021
Assessing the rise of DeFi – and how data will drive fintech in 2021
Blockchain

Assessing the rise of DeFi – and how data will drive fintech in 2021

February 24, 2021
Xi’an Jiaotong University establishes blockchain research institute with Future FinTech
Blockchain

Xi’an Jiaotong University establishes blockchain research institute with Future FinTech

February 24, 2021
Next Post
Singapore unveils winning 5G licensees, TPG loses out on nationwide bid

Singapore unveils winning 5G licensees, TPG loses out on nationwide bid

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

Linux Mint may start pushing high-priority patches to users
Internet Security

Linux Mint may start pushing high-priority patches to users

March 3, 2021
Microsoft Ignite Data and Analytics roundup: Platform extensions are the key theme
Big Data

Microsoft Ignite Data and Analytics roundup: Platform extensions are the key theme

March 3, 2021
An open-source machine learning framework to carry out systematic reviews
Machine Learning

An open-source machine learning framework to carry out systematic reviews

March 3, 2021
The Ways in Which Big Data can Transform Talent Management and Human Resources | by Amelia Jackson | Feb, 2021
Neural Networks

The Ways in Which Big Data can Transform Talent Management and Human Resources | by Amelia Jackson | Feb, 2021

March 3, 2021
Introducing Research Tuesdays: Tuesday’s daily brief
Digital Marketing

Introducing Research Tuesdays: Tuesday’s daily brief

March 3, 2021
Ransomware puzzle: These two pieces of malware look very different, but they evolved from the same root
Internet Security

Ransomware puzzle: These two pieces of malware look very different, but they evolved from the same root

March 3, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • Linux Mint may start pushing high-priority patches to users March 3, 2021
  • Microsoft Ignite Data and Analytics roundup: Platform extensions are the key theme March 3, 2021
  • An open-source machine learning framework to carry out systematic reviews March 3, 2021
  • The Ways in Which Big Data can Transform Talent Management and Human Resources | by Amelia Jackson | Feb, 2021 March 3, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates