DFF Releases Blockchain Toolkit to Improve Global Supply Chains
Smart Technology

DFF Releases Blockchain Toolkit to Improve Global Supply Chains

The Redesigning Trust toolkit provides tools, resources and insights

TLME News Service

In collaboration with the Centre for the Fourth Industrial Revolution UAE and Dubai Future Foundation (DFF), the World Economic Forum has released a comprehensive blockchain toolkit to offer businesses and organisations new, industry-tested solutions for global supply chains.

The Redesigning Trust toolkit provides tools, resources, industry insights and best practices for organisations seeking ways to improve traceability, visibility, accountability and end-to-end, real-time communications for businesses big and small.

The toolkit has been developed through deep analysis of projects and use cases of more than 100 blockchain stakeholders from more than 60 public- and private-sector entities across the world focused on supply chain logistics.

Commenting on the release of the toolkit, Abdulaziz AlJaziri, Deputy CEO and Chief Operating Officer of Dubai Future Foundation, said: “As a test-bed for technological innovations and ideas that drive transformations in vital industries, DFF’s contribution to the toolkit will greatly benefit decision-makers, entrepreneurs and businesses in defining their future strategies.

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“The pivotal role DFF played in formulating and executing the Forum’s seminal blockchain toolkit is an example of how our expertise directly contributes to pathfinding, and how our solutions-oriented approach to major global issues can provide opportunities for the wider world beyond Dubai and the region.”

Ahead of the toolkit’s release, it was trialled by DFF and World Economic Forum Centre for the Fourth Industrial Revolution UAE, with the Abu Dhabi Digital Authority, to offer real-world feedback on its use and effectiveness, in addition to providing alignment with the UAE’s blockchain infrastructure development strategy.

The outcomes and insights derived from the trial were shared and incorporated into the final publication.

The challenge is not about identifying the right blockchain technology for a specific need, rather it is about providing supportive structures to sustain blockchain technology.

Mariam Al Muhairi, Project Manager World Economic Forum Centre for the Fourth Industrial Revolution UAE at Dubai Future Foundation, said: “The role blockchain technologies can play in the economic recovery post the COVID-19 disruption will be critical.

"The upheaval has dislocated economies and ecosystems, and has hindered supply chains because of a lack of transparency, visibility and traceability on goods being moved around the world."

With over four trillion consumer products made and shipped around the world each year the need for greater efficiencies, resilience and adaptability is clear, and the Forum’s blockchain toolkit provides insights for public and private sector entities to re-enter and compete across markets.

Read More: Q&A with Blockchain Experts CargoX

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