Welcome to Blockchain Trends, your compass in the rapidly evolving world of decentralized technology. Beyond the hype, we delve into the real-world applications of blockchain, from DeFi innovations to enterprise solutions. Curious about how this technology is reshaping industries? Then explore our deep dive into Blockchain supply chain trends 2024 and discover the key transformations poised to redefine logistics and traceability. What forces are driving this evolution, and how can businesses prepare? Let's unravel the future, together.

Revolutionizing Supply Chains: Key Trends and Transformations in 2024-2025

Supply Chain Innovation: A Blockchain-Driven Overview

The Transformative Power of Blockchain in Modern Supply Chains

Blockchain technology is fundamentally reshaping the operational landscape of modern supply chains. Its core characteristics—immutability, transparency, and decentralization—offer solutions to long-standing challenges such as lack of visibility, data silos, and inefficient processes. By providing a shared, tamper-proof ledger, blockchain enables all participants in a supply chain, from raw material suppliers to end consumers, to access a single source of truth regarding product origin, movement, and status. This capability is central to understanding the significant blockchain supply chain trends emerging in 2024 and beyond.

The implementation of blockchain introduces a new level of trust and efficiency by automating verification and reducing the need for intermediaries. Consider the complexity of global trade, involving numerous parties, documents, and transactions. Blockchain can streamline these interactions, reducing the time and cost associated with traditional manual processes. Early adopters across various sectors, including logistics, manufacturing, and retail, are already seeing tangible benefits, pointing towards a future where blockchain is an integral part of supply chain infrastructure.

Strategic Importance of Trend Awareness for Supply Chain Executives

Staying abreast of the latest blockchain supply chain trends 2024 is not merely an academic exercise for executives; it is a strategic imperative. The rapid evolution of decentralized technologies means that companies failing to understand and potentially adopt blockchain risk falling behind competitors who leverage it for efficiency gains, improved resilience, and enhanced customer trust. Awareness allows for proactive planning, enabling organizations to identify opportunities for pilot programs, assess potential return on investment, and build the necessary internal expertise.

Furthermore, understanding these trends helps executives navigate the complex landscape of technological adoption, regulatory considerations, and industry consortia. It informs decisions about technology investments, talent acquisition, and strategic partnerships. As blockchain solutions mature and become more accessible, a clear understanding of their potential and limitations is crucial for designing supply chains that are not only efficient but also secure, transparent, and sustainable in an increasingly interconnected global economy.

Emerging Blockchain Supply Chain Trends: 2024-2025

Trend 1: Enhanced Traceability and Transparency Through Distributed Ledgers

End-to-End Product Tracking and Provenance Verification

One of the most impactful blockchain supply chain trends is the significant enhancement of end-to-end product tracking. Distributed ledgers allow for the creation of an immutable record of a product's journey from its point of origin through manufacturing, distribution, and finally to the consumer. Each step of the process – sourcing raw materials, assembly, quality checks, shipping, and handling – can be recorded on the blockchain. This creates a detailed digital history, accessible to authorized parties, providing unprecedented visibility into the supply chain.

This granular level of tracking is particularly vital for industries where provenance is critical, such as food and beverage, pharmaceuticals, and luxury goods. For instance, a food producer using blockchain can track a specific batch of produce back to the farm, harvest date, and transportation conditions. In the event of a recall, this precise tracking can reduce the scope and cost of the recall significantly, potentially from weeks and millions of dollars covering vast areas, to just days and a limited geographic region. This capability is a cornerstone of the current blockchain supply chain trends.

Combating Counterfeit Goods and Ensuring Product Authenticity

Counterfeiting is a multi-billion dollar problem globally, undermining brands, endangering consumers (especially with fake pharmaceuticals or auto parts), and eroding trust. Blockchain offers a powerful tool to combat this issue by providing a verifiable means of proving a product's authenticity. By assigning a unique digital identity (often linked to a physical marker like a QR code or NFC tag) to each item and recording its creation and transfer on the blockchain, companies can empower consumers and partners to verify the legitimacy of a product.

When a product changes hands or undergoes a process (like packaging or quality inspection), these events are recorded on the ledger. A consumer scanning the product's unique identifier can access this history, verifying that the item followed the legitimate supply chain path. Companies like LVMH (using the Aura blockchain consortium) are leveraging this to authenticate luxury goods, providing both brand protection and enhanced customer confidence. This application of blockchain technology is a major driver in current blockchain supply chain trends.

Trend 2: Streamlined Supply Chain Finance with Blockchain Solutions

Automated Payments and Reduced Transactional Overhead

Blockchain, particularly through smart contracts, is revolutionizing supply chain finance by enabling automated payments. A smart contract is a self-executing contract with the terms of the agreement directly written into code. In a supply chain context, a smart contract can be programmed to automatically release payment to a supplier once specific conditions are met and verified on the blockchain – for example, upon confirmation of goods receipt at a distribution center, verified by an IoT sensor or a digital signature on the ledger.

This automation dramatically reduces the administrative overhead associated with traditional invoicing and payment processes, which often involve manual data entry, reconciliation, and waiting periods. It can cut down payment processing times from typical net-30 or net-60 terms to near-instantaneous settlement upon fulfillment of contract conditions. This not only improves cash flow for suppliers but also reduces the labor costs associated with payment processing, making it a key element of blockchain supply chain trends 2024.

Improved Financial Accessibility for SMEs

Small and Medium-sized Enterprises (SMEs) often face significant challenges in accessing affordable financing, particularly in global supply chains. Traditional trade finance mechanisms can be complex, slow, and costly, often requiring extensive credit history or collateral that SMEs may lack. Blockchain-based supply chain finance platforms can offer alternative solutions by leveraging the transparent and verifiable data available on the ledger.

With blockchain providing an immutable record of transactions, deliveries, and performance, lenders or financing platforms can gain a more reliable view of an SME supplier's activity and creditworthiness within a specific supply chain. This allows for the potential to offer financing options like invoice financing or dynamic discounting based on verified performance data, rather than solely on traditional credit scores. This increased accessibility to capital helps SMEs grow and participate more effectively in global trade networks, highlighting the broader impact of blockchain in supply chain finance.

Trend 3: Development of Decentralized Supply Chain Networks

Enhanced Collaboration and Trust-Building Between Stakeholders

Traditional supply chains often operate with limited trust between disparate parties who may not have direct relationships or share common systems. Blockchain fosters enhanced collaboration by providing a shared, neutral, and transparent platform where all participants can view and contribute to a single, verifiable record of transactions and events. This eliminates the need for each party to maintain its own separate database and reconcile discrepancies, reducing friction and building trust based on verifiable data rather than solely on established relationships.

By creating a single source of truth, blockchain minimizes disputes arising from conflicting records or lack of information. For instance, if a shipment is delayed, all parties can see the same timestamped entries regarding its location and status on the blockchain, facilitating quicker resolution and shared understanding. This collaborative environment, underpinned by cryptographic security and distributed consensus, is a significant transformation brought about by blockchain technology in supply chains.

Robust and Adaptive Supply Chain Systems

Decentralized networks, by their nature, are often more robust and resilient than centralized systems. In a blockchain-based supply chain network, data is replicated across multiple nodes, meaning there is no single point of failure. If one participant's system goes offline, the network as a whole remains operational, and the data persists. This inherent resilience helps supply chains weather disruptions, whether they are technical outages, cyberattacks, or even localized events affecting a single participant.

Furthermore, the transparency and shared data environment of a decentralized network allow for quicker identification of issues and more agile responses. When delays or quality problems occur, the data is immediately visible (to authorized parties), enabling faster diagnosis and coordinated corrective action among all relevant stakeholders. This adaptability is crucial in today's volatile global market, making decentralized models a key aspect of future blockchain supply chain trends.

Trend 4: Synergistic Integration of IoT and Blockchain

Real-Time Data Acquisition via IoT Sensors

The Internet of Things (IoT) is already transforming supply chains by providing real-time data on the physical world. Sensors embedded in goods, vehicles, warehouses, and equipment can monitor conditions such as location, temperature, humidity, shock, and vibration. This flow of data provides invaluable insights into the status and environment of goods as they move through the chain, enabling proactive management and monitoring.

For example, in cold chain logistics, IoT sensors can continuously monitor the temperature of sensitive goods like pharmaceuticals or fresh produce. If the temperature deviates from the required range, an alert can be triggered immediately. This real-time data is essential for ensuring product quality and safety, but its value is amplified when combined with the security and transparency of blockchain.

Secure and Verifiable IoT Data Using Blockchain

While IoT sensors collect valuable data, the integrity and trustworthiness of this data can be questioned if it resides in centralized, easily alterable databases. Integrating IoT data with blockchain provides a solution by creating an immutable and verifiable record of sensor readings. When an IoT sensor records a data point (e.g., a temperature reading, a location update), that data can be timestamped and written onto the blockchain.

This ensures that the sensor data cannot be tampered with retroactively. If there is a dispute about whether goods were kept at the correct temperature during transit, the immutable blockchain record of IoT sensor readings serves as verifiable proof. This combination of real-time physical data from IoT and the secure, verifiable record-keeping of blockchain is a powerful synergy, critical among the evolving blockchain supply chain trends.

Trend 5: Blockchain for Sustainable and Ethical Supply Chains

Monitoring Environmental Impact and Carbon Emissions

Consumers and regulators are increasingly demanding sustainability and ethical practices in supply chains. Blockchain can play a crucial role in enabling companies to monitor and verify their environmental footprint. By tracking goods and materials on the blockchain, companies can gather data related to their origin, transportation methods, and manufacturing processes, allowing for better calculation and reporting of carbon emissions associated with their products.

Furthermore, blockchain can be used to create immutable records of environmental certifications, waste management practices, and the use of recycled or sustainable materials. This provides a transparent and verifiable way for companies to demonstrate their commitment to environmental responsibility to stakeholders. Initiatives are exploring how tokenization on blockchain could represent carbon credits or sustainable materials, enabling transparent tracking and trading.

Promoting Fair Labor Standards and Ethical Sourcing Practices

Ensuring fair labor conditions and ethical sourcing of raw materials is another area where blockchain offers significant potential. By tracking the origin of materials and the processes involved in production, blockchain can provide transparency into labor practices throughout the supply chain. This can help identify suppliers who do not adhere to fair labor standards or who source materials from unethical or conflict-ridden regions.

Companies can use blockchain to record and verify compliance with labor laws, safety standards, and ethical sourcing policies. This immutable record provides accountability and helps prevent issues like child labor or unsafe working conditions from going unnoticed. For example, tracking conflict minerals or verifying fair trade certifications on a blockchain can give consumers confidence in the ethical production of the goods they purchase, pushing ethical considerations to the forefront of blockchain supply chain trends.

Key Transformations Driven by Blockchain Technology

Transformation 1: Enhanced Efficiency and Cost Reduction

Process Automation and Reduced Reliance on Intermediaries

Blockchain facilitates significant efficiency gains by enabling process automation through smart contracts and reducing the reliance on costly intermediaries. Traditional supply chain processes often involve extensive paperwork, manual data entry, and multiple intermediaries (banks, brokers, freight forwarders, customs agents) to facilitate transactions and information exchange. Each intermediary adds cost, time, and potential points of failure or delay.

By providing a shared, trustless ledger and automating verification and payment through smart contracts, blockchain can streamline these processes. For instance, customs clearance can be expedited when all required documentation and verification steps are recorded and accessible on a shared blockchain. This automation minimizes manual handling, reduces errors, and cuts down on the fees associated with intermediaries, leading to substantial cost reductions across the entire supply chain lifecycle. Estimates from various reports suggest potential administrative cost savings of 10-30% in areas like trade finance and logistics documentation through blockchain adoption.

Improved Data Integrity and Reduced Errors

A major source of inefficiency and cost in traditional supply chains stems from poor data integrity. Data is often siloed in different systems, leading to discrepancies, errors in manual data entry, and delays in reconciling information between parties. These data issues can result in incorrect shipments, billing errors, regulatory non-compliance fines, and costly disputes.

Blockchain addresses this by providing a single, immutable, and shared source of truth. Once data is recorded on the blockchain (after validation by network participants), it cannot be altered. This drastically improves data integrity and reduces the likelihood of errors. Accurate, real-time data allows for better decision-making, more efficient planning, and a reduction in the time and resources spent on resolving data-related issues. The reduction in errors alone can lead to significant operational savings and improved reliability, reinforcing the value proposition of blockchain in supply chain management.

Transformation 2: Increased Resilience and Agility

Proactive Mitigation of Disruptions and Unexpected Events

The transparency offered by blockchain enhances a supply chain's ability to proactively identify and mitigate disruptions. By providing real-time visibility into the movement and status of goods and the performance of suppliers, companies can detect potential issues earlier. For example, if shipments from a particular region are delayed or if a supplier's production output drops unexpectedly (indicated by fewer verified shipments on the ledger), the network participants can be alerted immediately.

This early warning system, powered by verifiable data on the blockchain, allows companies to react quickly, rerouting shipments, finding alternative suppliers, or adjusting production schedules before the disruption escalates into a major crisis. The distributed nature of blockchain also means that the network itself is more resilient to outages compared to centralized systems, ensuring that critical information remains accessible even if individual nodes face issues. This proactive capability is a key transformation enabled by blockchain supply chain trends.

Rapid Adaptation to Evolving Market Dynamics

Market dynamics are constantly shifting due to changes in consumer demand, geopolitical events, and economic fluctuations. Supply chains need to be agile enough to adapt quickly. Blockchain's ability to provide shared, real-time visibility and facilitate automated processes through smart contracts enhances this agility. When conditions change, smart contracts can be triggered or adjusted based on predefined rules or updated data on the ledger.

For instance, if demand for a product surges, a smart contract could automatically initiate orders for additional raw materials or trigger express shipping based on inventory levels recorded on the blockchain. The ability to quickly verify and act upon reliable data across the network allows companies to respond much faster to changes compared to systems reliant on slow, manual communication and verification processes. This responsiveness is a critical transformation for maintaining competitiveness in volatile markets, underpinned by the capabilities of blockchain in supply chain.

Transformation 3: Strengthened Collaboration and Trust

Secure Data Exchange and Immutable Records

Trust is paramount in multi-party supply chains, but it is often hard to establish and maintain without centralized authorities. Blockchain fundamentally changes this dynamic by providing a secure and trustless environment for data exchange. Cryptographic principles ensure that data recorded on the blockchain is secure and that the identity of participants is verified (though not necessarily revealed publicly, depending on the network type). Crucially, once data is added, it becomes part of an immutable chain, meaning it cannot be retrospectively altered or deleted without detection by the network.

This immutability provides a high level of confidence in the accuracy and history of the data shared among participants. Parties can trust the information on the ledger because they know it hasn't been tampered with since it was recorded. This secure, shared, and immutable record serves as a foundation for stronger collaboration, as partners can rely on the same set of facts, reducing suspicion and the need for extensive, often redundant, verification processes.

Minimized Disputes and Improved Visibility

Disputes are common in supply chains, often arising from disagreements over delivery times, quantity received, quality of goods, or payment terms. Resolving these disputes can be time-consuming and costly, damaging business relationships. Blockchain significantly minimizes the potential for disputes by providing a clear, transparent, and verifiable record of every transaction and event.

With all relevant parties having access to the same immutable ledger, there is less room for disagreement about what happened and when. If a shipment is claimed to be late, the blockchain record will show the exact time it was scanned at various checkpoints.

If there is a question about product quality, the ledger can show records of quality inspections or IoT sensor data related to handling conditions. This shared visibility and irrefutable evidence streamline the dispute resolution process, making it faster, fairer, and less likely to escalate, thereby fostering stronger and more reliable collaborative relationships within the supply chain network.

Addressing Challenges in Blockchain Implementation

Scalability and Interoperability Solutions

While the potential of blockchain in supply chain is vast, implementing it at scale across complex global networks presents challenges, particularly regarding scalability and interoperability. Many early blockchain platforms faced limitations in processing a high volume of transactions quickly, which is essential for large-scale supply chain operations involving millions of items and transactions daily.

Solutions are emerging, including layer-2 scaling technologies (like state channels or sidechains), sharding, and the development of new consensus mechanisms (like Proof-of-Stake or Proof-of-Authority) that offer higher transaction throughput than traditional Proof-of-Work. Private or consortium blockchains, designed for specific industry needs, also offer higher transaction speeds and controlled scalability.

Interoperability between different blockchain networks and legacy systems is another hurdle. Supply chains often involve diverse participants using various software systems and potentially different blockchain platforms. Achieving seamless communication and data exchange between these disparate systems is critical for widespread adoption. Initiatives focused on developing standards and protocols for cross-chain communication (like Polkadot or Cosmos) and middleware solutions that connect blockchains to existing enterprise resource planning (ERP) and supply chain management (SCM) systems are actively being developed to address this, shaping the future of blockchain supply chain trends.

Data Privacy and Security Compliance

While blockchain offers inherent security through cryptography and immutability, ensuring data privacy and complying with regulations like GDPR can be complex, especially on public blockchains where data is visible to all participants. Supply chain data often contains commercially sensitive information (pricing, customer details, supplier identities) that companies are unwilling to share publicly. Private and consortium blockchains offer more control over data access, allowing participation and data visibility to be restricted to authorized parties.

Furthermore, techniques like zero-knowledge proofs (ZKPs) are being explored to allow verification of data or transactions without revealing the underlying sensitive information. For instance, a ZKP could verify that a shipment originated from a compliant supplier without revealing the supplier's specific identity. Implementing robust access control mechanisms, data encryption, and ensuring compliance with global data protection regulations are critical considerations that require careful planning during blockchain deployment in supply chains.

Overcoming Organizational Resistance to Change

Perhaps one of the most significant non-technical challenges is overcoming organizational resistance to change. Implementing blockchain requires not just a technology upgrade but often a fundamental shift in processes, roles, and how organizations interact with their partners. Employees may be resistant due to fear of job displacement, lack of understanding of the new technology, or discomfort with increased transparency. Supply chain partners may be hesitant to share data or invest in new systems.

Addressing this requires strong leadership, clear communication about the benefits of blockchain, and comprehensive training programs. Pilot projects focused on specific, high-value use cases can demonstrate the technology's potential and build confidence. Engaging all stakeholders early in the process, addressing their concerns, and highlighting the mutual benefits (like reduced costs, faster payments, or improved reliability) are crucial steps in driving adoption and navigating the cultural shifts necessary for integrating blockchain technology into supply chains successfully.

Strategically Integrating Blockchain into Your Supply Chain

Developing a Tailored Blockchain Implementation Roadmap

Successfully integrating blockchain into a supply chain requires a strategic, phased approach, not a rushed, one-size-fits-all solution. The first step is to develop a tailored implementation roadmap. This begins with identifying specific pain points or opportunities within the existing supply chain where blockchain can deliver the most significant value, such as improving traceability for high-value goods, streamlining trade finance, or enhancing sustainability reporting. A clear definition of the problem to be solved and the desired outcomes is essential.

The roadmap should include evaluating different blockchain platforms (public, private, consortium) based on the specific use case, required level of privacy, scalability needs, and cost. It should also outline a step-by-step plan for pilot projects, involving a limited number of participants and products to test the technology, identify challenges, and measure results before scaling up. Defining success metrics, allocating resources, and setting realistic timelines are critical components of this strategic planning phase, guiding the adoption of blockchain supply chain trends.

Investing in Blockchain Training and Education

A lack of understanding about blockchain technology is a significant barrier to adoption within organizations. Investing in comprehensive training and education for employees and partners is crucial for successful implementation. This training should cover the basics of how blockchain works, its specific applications in supply chain management, the benefits it offers, and how it will impact existing roles and processes.

Educating staff across different departments – from procurement and logistics to finance and IT – helps build internal expertise and fosters acceptance of the new technology. It also empowers employees to identify further opportunities for leveraging blockchain and become advocates for its use. Providing resources like workshops, online courses, and access to experts can help bridge the knowledge gap and ensure that the organization is prepared to operate and maintain blockchain-based systems effectively, supporting the integration of blockchain in supply chain operations.

Partnering with Blockchain Specialists and Technology Vendors

Given the complexity and rapidly evolving nature of blockchain technology, partnering with experienced blockchain specialists and technology vendors is often essential for successful implementation. These partners can provide the technical expertise required to design, develop, and deploy blockchain solutions tailored to the specific needs of the supply chain. They can advise on platform selection, smart contract development, integration with existing systems, and navigating potential technical challenges like scalability and security.

Specialized vendors often offer pre-built or customizable blockchain platforms and solutions specifically designed for supply chain use cases, which can significantly accelerate deployment compared to building a system from scratch. Choosing partners with a proven track record and a deep understanding of both blockchain technology and supply chain operations is critical for ensuring that the implemented solution is robust, scalable, and delivers the expected value, facilitating the adoption of key blockchain supply chain trends 2024.

Long-Term Impact of Blockchain on Global Supply Chains

Towards Transparent, Efficient, and Sustainable Supply Chains

The long-term impact of blockchain technology points towards a future where global supply chains are significantly more transparent, efficient, and sustainable. The inherent transparency of distributed ledgers breaks down information silos, providing unprecedented visibility into the movement and provenance of goods. This transparency builds trust among stakeholders and empowers consumers with verifiable information about the products they buy.

The efficiency gains driven by process automation, reduced intermediaries, and improved data integrity lead to faster transaction times, lower costs, and optimized resource utilization. Furthermore, blockchain's ability to track and verify data related to environmental impact and ethical practices enables companies to build genuinely sustainable and responsible supply chains, meeting increasing consumer and regulatory demands. These transformations are not incremental but represent a fundamental shift in how supply chains operate globally.

Redefining Trust and Collaboration in Global Trade

Blockchain is fundamentally redefining the concept of trust in global trade. Traditionally, trust has been built on relationships, contracts enforced by legal systems, and centralized authorities. Blockchain shifts trust from intermediaries to the technology itself – participants trust the network and the cryptographic rules that govern it, rather than relying solely on trusting individual parties.

This trustless (in the sense of not requiring trust in a specific counterparty) environment facilitates collaboration among parties who may not know each other or have established relationships, opening up new possibilities for global trade and partnerships. Smart contracts automate agreements based on verifiable data, reducing the need for lengthy negotiations and complex legal frameworks for every transaction. This redefined trust model fosters a more collaborative and interconnected global trade ecosystem.

Future Outlook: The Evolution of Blockchain in Supply Chains

Looking ahead, the evolution of blockchain in supply chains is expected to continue rapidly. We will likely see increased adoption across more industries and geographies as the technology matures and becomes more accessible. Interoperability solutions will improve, allowing different blockchain networks and traditional systems to communicate seamlessly. Further integration with other emerging technologies like AI and machine learning will enable predictive analytics and automated decision-making based on the verifiable data stored on the blockchain.

The development of industry-specific blockchain consortia will likely grow, creating standardized platforms and governance models tailored to the unique needs of sectors like healthcare, automotive, or retail. Regulatory frameworks will continue to evolve to accommodate blockchain technology. Ultimately, blockchain is set to become a foundational layer for the next generation of global supply chains, creating networks that are not only highly efficient and resilient but also inherently trustworthy, transparent, and sustainable, shaping the future of blockchain supply chain trends for decades to come.

Final Reflection: Navigating the Blockchain Supply Chain Horizon

The insights shared throughout this article underscore the profound impact of blockchain technology on supply chain management. As we stand on the cusp of 2024, the trends and transformations discussed are not merely theoretical possibilities; they are actively reshaping industries, demanding a proactive approach to adaptation and innovation. The future of supply chains is inextricably linked to the strategic implementation of blockchain, and understanding these trends is paramount for any organization seeking a competitive edge.

The ongoing evolution of blockchain in supply chains is more than just a technological advancement; it's a fundamental shift in how we perceive trust, transparency, and efficiency. Witnessing this transformation firsthand, and understanding its potential to create more ethical and sustainable supply chains, is deeply inspiring. The best way to predict the future is to create it. - Peter Drucker. This quote resonates deeply as we consider the active role we all play in shaping the blockchain-powered supply chain landscape.

As you consider the implications of these trends, I encourage you to reflect on how you can contribute to this exciting evolution. How can you leverage blockchain technology to enhance transparency, build trust, and create more resilient and ethical supply chains within your own sphere of influence? The future is not something that happens to us; it's something we build together, one block at a time.

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Chart Your Blockchain Supply Chain Future!

Thanks for exploring the exciting transformations happening within the blockchain-powered supply chain. Now that you're equipped with the knowledge of upcoming trends, it's time to put that insight into action. Don't just read about the future; become a part of it.

Here are a few ways to get started:

• Dive deep into a specific trend: Select one trend discussed in the article, such as tokenization or IoT integration, and research its potential application within your own industry or a sector you're curious about.
• Share your newfound knowledge: Present your insights to peers to foster a deeper awareness of the blockchain capabilities.
• Connect and discuss: Join the conversation on industry forums or social media groups dedicated to blockchain in supply chain. Share this article and your insights with your network!

What blockchain supply chain trend are you most excited to see unfold, and how do you plan to leverage it in the coming year?