Accenture's Circular Supply Chain
February 26 2019 - 1:31PM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
February 26, 2019 -- ADVFN Crypto NewsWire -- The tech
industry is continually forcing growth on all other industries by
creating systems that can be applied to any industry at their most
basic levels to improve efficiency and provide more connectivity.
Blockchain technology is a perfect example of this, and Accenture
has been working with the technology for years to perfect services
that they could offer their clients. Their newest service “Circular
Supply Chain” takes one of the most highly competitive blockchain
markets of supply chain management solutions. However, the platform
has an overarching focus of promoting sustainable business
practices and humanitarian efforts.
What is a circular supply
chain?
Accenture is using this name for their
blockchain platform because the purpose is to get the most out of
what is being produced and the services and labor involved in its
transportation, along with the greater goal of highlighting and
rewarding companies with sustainable business practices or strong
support for humanitarian aid. In order to best facilitate
humanitarian aid, Accenture has found support from Mercy Corps. The
non-profit plans to contribute its experience working with farmers’
communities across the globe to the project.
“In this stage of the project, we
are exploring possible agricultural programs in our current program
portfolio to pilot Circular Supply Chain. We think it will be best
suited for boutique consumer goods, for example single origin
coffee, as opposed to bulk goods.” - Technology for Development
team at the NGO
A circular supply chain is a
production structure where the materials involved get recycled as
much as possible, with discarded goods properly contained while
other components and materials get re-used. Accenture intends to
enroll small farms across the world giving them the opportunity to
register their certificates of ecologically conscious practices on
a blockchain as a part of their digital identity. Customers can
then see who produced the goods they are buying and how that
business is managed.
Mastercard
Rewards?
The platform will allow consumers
to easily track the origin of the goods they are buying, but also
allows them to send tips as a reward for responsible producers.
Rewards can be sent in a form of a blockchain-based token or a fiat
transfer through a new partnership with Mastercard. Mastercard has
been working with blockchain technology, with several patents filed
or granted within the past two years. The prototype on Hyperledger
Fabric, but Mastercard can contribute its expertise in blockchain
and payment systems, as well as access to communities it’s already
working with.
By: BGN Editorial Staff
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