The reputation of blockchain has taken a beating recently. Following months of hype during which it was proposed as the solution for everything from world hunger to the Irish border question, the technology’s sheen is now a little tarnished. In a recent article the BBC’s technology editor Rory Cellan-Jones recently described his conversations checking out claims from eager vendors that the government was adopting their technology; “Once I have got in touch with those departments, I’ve been met with weary sighs and suggestions that Whitehall’s enthusiasm for blockchain has been somewhat exaggerated.”  Headlines such as “Blockchain is just a very slow database” don’t help.
Now that we have got beyond the initial breathless excitement, however, it’s time to consider the real potential – and sticking points – of the technology. Blockchain has already proved itself as a concept and more applications are already underway. The supply chain is a case in point: the significant growth in complexity and the various innovations, such as the emergence of personal computers in the 1980s, have changed the way the supply chain is managed. Globalisation is another factor adding to the intricacy; chain of command is essential. In the global supply chain industry, products pass through the hands of numerous suppliers and authorities. When every party is contributing to the blockchain ledger, all goods transported around the world will be accompanied by a record which can verify authenticity and ethical sourcing at every stage of the journey.
A recent report from Cap Gemini showed that while only 3 per cent of organisations are deploying blockchain at scale, 87 per cent are in the early stages of implementation or carrying out proof of concept projects with the technology. And governments, while not necessarily committing to its adoption, are certainly looking into it. In Dubai, as part of

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