Editorial

Accenture announces ambitious Digital ID and Blockchain offering

Proposes to combine those two technologies with payments solutions “to connect consumers and producers in complex supply chains” – and prove your business is working in sustainable way

Posted 26 February 2019 by Gary Flood

Global consulting giant Accenture says it’s teaming up with Mastercard, Amazon Web Services, Everledger and Mercy Corps to “explore solutions that empower consumers, enable transparency and promote financial inclusion for small-scale producers“.

The claim is that it can do this by stitching together a number of technologies – including Blockchain, Digital Identity and payments solutions – which will then aid everyone from large global enterprises, governments and non-governmental organisations by providing a new mechanism to track complex supply chains to small originating producers and helping them manage issues relating to accountability, waste and information transparency.

Using a new catch-all term for this of the ‘circular supply chain‘, the claim is that synthesising all these technologies together will also help producers, manufacturers and retailers to better manage their inventory and reduce waste, create better transparency across the supply chain, ensure the authenticity of produce and provide producers with more-equitable compensation for their produce by enabling consumers to reward them directly.

Participating in a Blockchain-enabled circular supply chain not only improves traceability but creates differentiation through empowering consumers as well as suppliers, it also believes.

And intriguingly – there’ll be something tangible in it for vendors – as customers will, the company predicts, reward them with a “tip” by direct payment producers who can therefore prove they’re using methods that are sustainable.

If you liked this content…

“Our Identity capabilities are already empowering millions of users around the globe to access essential services like healthcare, banking and travel,” stated one of the organisation’s managing directors and its global Blockchain lead, David Treat.

“Our circular supply chain capability combines these components with Blockchain and expands its application to places and things, which is allowing us to rethink global supply chains.”

Go here for more details.