Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Deep Dive

Deep Dive: Blockchain Mini-Series— Retail Applications

#
Coresight Research

Key Points

This is the second report of our Blockchain Mini-Series, in which we cover the potential applications of blockchain technology in retail and supply-chain management:

  • Blockchain technology creates a secure ledger that stores transaction records over a decentralized network. This eliminates the need for third-party verification and enables real-time information exchange.
  • The application of blockchain technology can solve some of the following challenges for retailers: the risks associated with operating centralized databases, the risk of third parties’ counterfeiting branded goods, supply-chain opaqueness and incompatible databases across different supply-chain nodes.
  • Since blockchain technology is still in its infancy stage, companies will likely face significant adoption challenges, which is why we believe it will have a mid- to long-term impact on the industry rather than in the immediate future. While mass adoption is still far off, companies would be wise to start preparing for the shift today.

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×