Use of Distributed Ledger Technologies to Verify the Provenance of Goods – October 2020

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Sector: Productivity, Innovation and New Economy
Client: Department for Business, Energy & Industrial Strategy
Published: 2 October, 2020
Document type: Report 
Tagged: Advanced technologies consumer digital economy

In 2018, London Economics were commissioned by the Department for Business, Energy and Industrial Strategy to critically assess the use of distributed ledgers in sectors where they have already been trialled, developing an evidence base to help inform their use in the supply chains for different types of consumer products. The research programme comprised desk research, interviews of stakeholders in the blockchain ecosystem, including 15 service providers, two users, three industry associations and researchers, followed by in-depth interviews to develop 5 case studies. The study addressed two primary objectives:

  • Analysis of the different types of distributed ledger technologies, how they work (in the context of the blockchain technology) and assessment of their relative strengths and weaknesses.
  • A review of where these technologies are being used (or piloted for use) to verify the provenance of consumer products or of the components used in the supply chain of these consumer products, identifying success factors as well as potential opportunities and challenges they face.

The report can be downloaded here.