KPMG director Tegan Keele provides insight on the UK company that is currently using blockchain to track $2.5 million worth of diamonds so that consumers can safely identify where they came from, and how other organizations can use the technology to instill customer trust and transparency.
VO: A U.K. company is tracking 2.5 million diamonds using blockchain, so consumers can trust where they came from.
Tegan Keele soundbite: It’s just one of a growing wave of companies using blockchain to track something of value. We’re seeing it with data, produce, and pharmaceuticals.
VO: But companies should consider three key factors before applying blockchain.
Tegan Keele soundbite: Make sure you're driving trust, transparency and auditability of the supply chain. All of those are critical for blockchain to make sense.
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