The World Economic Forum (WEF) believes that blockchain technology can help reboot the global economy by creating blockhain-based solutions to address supply chain failures. To help governments and supply chains potentially accomplish a blockchain adoption with minimal risks, WEF launched its toolkit titled “Redesigning Trust: Blockchain Deployment Toolkit.” The authors explain that blockchain has the potential to revolutionize competition and collaboration happens in the supply chain world.
“The case for blockchain is stronger as the COVID-19 pandemic underscores the need for more resilient global supply chains, trusted data and an economic recovery enabled through trade digitization,” the authors said. The authors hope that the toolkit will help level the playing field for Small and Medium Enterprises (SMEs). “The blockchain deployment toolkit is essential for designing solutions that work for a multitude of actors, including smaller players who may not have access to the resources required to unlock the value of blockchain technology,” Nadia Hewett from the WEF USA blockchain and digital currency project expressed.
The toolkit contains information, guided questions, explainers, and risk assessments that aim to serve as a guide to implementing distributed ledger technology (DLT). It’s divided into 14 modules that will guide readers through DLT from the understanding the ecosystem by learning basic principles to legal and regulatory compliance and tax implications. To full toolkit can be accessed from the WEF widget.