Blockchain Can 'Revolutionize' Retail, Deloitte Says

Deloitte's new report says that distributed registry technology can eliminate four major "bottlenecks" of supply chains in retail and consumer goods
29 May 2018   549

The technology of blockchain will become an important tool for retail and consumer goods, its "potential impact is enormous." This is stated in the report of the audit firm Deloitte.

According to the New Tech On The Block report, in which the firm's experts analyzed 50 potential cases of using a distributed ledger, the blockchain will become "standard operating technology in the financial, manufacturing and consumer industries."

The next five years will be a "turning point", when the business will begin to understand the potential of the blockchain, are convinced in Deloitte. The report also emphasizes that business should assess whether their strategic goals justify investing in blockchain, and those who will not consider new opportunities "run the risk of falling behind."

The report focuses on justifying the added value that blockchain system systems can create, from the point of view of the consumer, logistics, payments and contracts.

It is crucial for decision makers to understand which areas of the value chain will benefit most from the new technology, and how easy it is to implement.
 

Deloitte's Report

The report cites data from the research firm Gartner, which estimates that the added value of implementing blockchain in the supply chain could grow to $ 176 billion by 2025 and exceed $ 3.1 trillion by 2030.

The Deloitte report emphasizes that distributed registry technology can eliminate four major "bottlenecks" of supply chains in retail and consumer goods: traceability, compliance, stakeholder management and flexibility.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.