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According to Professor Vishal Gaur, “academics in supply chains have long studied the problem and value of information sharing andtransparency in supply chains, but data on transparency is hard to come by. Now blockchain internet-of-things type sensors make it possible to collect information and share it with participants in supply chains.” Collaborating with a palm oil sustainability startup, Gaur et al find that sustainability and traceability in the palm oil industry can improve supply chain efficiency for farmers and customers. Other studies focus on demand in online marketplaces, finding that blockchain can aid in better allocation of inventory and reduced waste, improving profitability and progress toward societal goals related to climate change and poverty alleviation.
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