Blockchain for good: The human rights supply chain

in blockchain •  7 years ago 

Mac McGary, President of Alliances at Sweetbridge, looks at how blockchain can improve supplychain transparency and product traceability, thus reducing worker vulnerability and promoting human rights.

Today's supply chains, which comprise ⅔ of the world's global GDP, are often tainted with modern-day slavery and forced labor. The latest Global Slavery Index, underwritten in part by the International Labor Organization (ILO) estimates that there are more than 45 million forced laborers around the world. Due to the complex, multi-tiered nature of global trade, multinational companies have a hard time getting visibility into exploitation at the roots of the supply chain. Typically, the final product that is purchased by customers passes through many different producers, manufacturers, distributors, and retailers that all participate in its production, delivery, and sale.

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https://www.ibtimes.co.uk/blockchain-good-human-rights-supply-chain-1664917

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