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Sustainability Map: The first neutral and public traceability platform visualizing blockchain-based supply chain data
- January 27, 2020
- 7:27 am
About
Today, consumers are more concerned than ever about the social and environmental impacts of the products they purchase. Almost 90% would like big brands to help them be more environmentally friendly and ethical. Blockchain technology offers a way to showcase sustainability and environmentally friendly practices, but private blockchains do not address rising customer transparency demands.
Today, the World Economic Forum is announcing the first neutral and public traceability platform capable of visualizing blockchain-based supply chain data from multiple companies and sources. It aims to help businesses across industries respond to consumer demands for ethical and environmentally friendly products.
To date, companies have self-published such data or relied on blockchain solution providers to do so. The pilot platform resulting from this initiative, however, can ingest blockchain-based data from multiple sources and visualize it on a neutral site
Collaboration
It was created in collaboration with a dedicated group of champions comprised by Everledger, Lenzing Group, TextileGenesis™ and the International Trade Centre. The International Trade Centre, a UN entity with universal membership by mandate, has hosted it via its Sustainability Map (https://sustainabilitymap.org). In this way, the ITC can assure all parties that their data will not be shared externally, and that sensitive data can be hosted at UN data centres to benefit from UN neutrality, immunities and privileges.
The partnerships, combined with the Forum’s ability to accelerate and amplify public-private cooperation, enables the platform to be neutral and safe place, encouraging cross-industry collaboration and using public and private sector inputs to shape the future of supply chain traceability, transparency and sustainability.
Benefits
“In order to bring the circular economy to fruition, technology will need to deliver greater trust, transparency and traceability, so it’s fantastic to see an increasing number of initiatives driving towards these goals. It’s vital high-profile organisations like the World Economic Forum & ITC advocate practices of this kind, calls for greater collaboration and coordination between relevant institutions at the international level and between the different stakeholders at industry level.”
Partnership Objective
Launched
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