Blockchain remains a solution to a problem that doesn't exist and of the supply chain projects that got past sign-off, most remain in the pilot phase.
According to a survey of supply chain specialists carried out by Gartner, nine out of 10 blockchain-based projects will have come unstuck by 2023. Only 9 per cent of companies have actually spent money on blockchain projects and just 19 per cent said it was a very important technology for their business.
The analysts blamed the difficulty in identifying the right projects for the technology forcing companies to run multiple pilot schemes, a confused vendor market and the lack of off-the-shelf solutions to purchase. Its defenders note, somewhat fairly, that these accusations could be levelled at the introduction of any new technology.
Bottom line is don't rush in for the sake of it. Think carefully about what your business reason is for using it.