Professors Liliana Rivera, Chetna Chauhan, and Valérie Gauthier-Umaña explored the potential of blockchain in this field, particularly in emerging markets such as Latin America.
Through interviews with business leaders and startups in Colombia and Mexico, they identified how this technology can transform supply chain management. Here are some key findings:
- Blockchain enables secure and reliable product tracking, from origin to end consumer, helping prevent fraud and ensure sustainable practices.
- Latin America has talent but faces major challenges: low connectivity, lack of regulation, and limited venture capital hinder the expansion of blockchain solutions.
- Real examples are already in motion: regional startups are using blockchain to automate logistics processes, verify certificates of origin, and build trust through smart contracts.
- Academia and government have a unique opportunity to lead this change: regulation, training, and experimentation spaces will be critical to scaling these initiatives.
If efforts are aligned, blockchain can deliver significant benefits: cost reduction, operational efficiency, and empowerment of vulnerable communities within the supply chain.
This research not only provides a clear snapshot of the current landscape but also offers a roadmap for progress—because innovating is also leading.
Read the full article here.
