According to research done by the University College London, the grocery sector is responsible for nearly half of all distributed ledger technology-based supply chain projects.
The grocery industry is leading the pack, with 15 percent of projects taking place in the healthcare and fashion industries. Meanwhile, 39 percent of projects are operating in unspecified areas. Coin Telegraph reports that these non-sector specific projects are focused on a use case capable of application across multiple industries.
The report follows an ongoing trend of grocery retailers teaming up with technology companies to use blockchain to track the entire supply chain. Most recently, Walmart China announced that it was going to use the ledger to track the supply chain of perishable groceries to ensure freshness.