Blockchain Is Ready To Revolutionise Retail

image of blockchain spelt out in scrabble tiles

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, not just in supply chain improvement but potentially in areas like corporate fundraising as well.

Retailers are already taking steps to integrate blockchain technologies and other innovative systems such as contactless payment devices, which also play a crucial role in modernising retail operations, 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, alongside contactless fundraising solutions, will be adopted by retailers, and what benefits these technologies will bring to consumers

Read the full report here.

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