KPMG Launches DLT Supply Chain Tool in Australia, China and Japan
Helen Partz's original article for cointelegraph.com reduced by 74%
Big Four audit firm KPMG has officially launched a blockchain-based track and trace platform in Australia, China and Japan. Dubbed KPMG Origins, the tool is designed to increase transparency and traceability of processes in multiple industries such as agriculture, manufacturing and financial services, the firm announced on Nov. 28.The official launch of KPMG Origins in Australia, China and Japan comes after successful pilot implementations with clients in those countries, the press release notes.
Trial participants include Cane Growers and SunRiceIncorporating a number of emerging technologies like blockchain and the Internet of Things, KPMG Origin intends to improve supply chain processes. The platform enables trading partners to communicate product data across their supply chains to end users while reducing operational complexities, KPMG stated. KPMG Origins' trial participants include the SunRice, one of Australia's largest branded food exporters, Canegrowers, a peak body for Australian sugarcane growers, and vineyard Mitchell Wines.
"A blockchain solution, such as KPMG Origins, could provide a platform which will enable end-users to capture the sustainability credentials of the product directly from the grower to customer." Big Four auditors have expressed strong interest in blockchainAs previously reported, all the Big Four companies - Deloitte, PwC, EY and KPMG - have expressed strong interest in blockchain technology implementations.
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