Blockchain could repair our broken global supply chain

VentureBeat October 2, 2022
Tim Wagner, Vendia

If you’ve been shopping recently and found an empty shelf where your favorite cereal or ice cream is usually stocked, you know that the global supply chain is facing some serious hiccups right now.

The global supply chain has always been a delicate and complex system, which has only been further complicated recently by an ongoing global pandemic and war. An estimated 90 percent of the world’s goods are shipped by sea via roughly 60,000 cargo vessels. The largest cargo vessels carry 24,000 containers. At that scale, it’s not hard to understand why everything from the coffee you drank this morning to the microchip in the device you are reading this on can be lost or delayed.

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