Consultancy firm Deloitte has published a new report, that explores the potential for blockchain technology to achieve mainstream adoption in retail and consumer packaged goods. The report argues that the technology will “revolutionise” the industry through various applications, including smart loyalty programmes, supply chain improvement and many other areas.
Retailers are already taking steps to integrate blockchain technologies, such as The Alibaba Group trialling it to better monitor and improve its supply chains. It will be interesting to see just how quickly blockchain technology will be adopted by retailers, and what benefits this will bring to consumers.
Read the full report here.