We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » How sharing trusted data can unite the retail supply chain
CSCMP Notebook

How sharing trusted data can unite the retail supply chain

January 22, 2020
Supply Chain Quarterly Staff
No Comments

With the birth of the smartphone, retails companies have quickly realized that their aging technology systems can't keep up with customer demands. The supply chain industry is one of many industries looking to future technologies like blockchain to help alleviate real-time demands. "Advanced technology can better enable a future state where the seamless sharing of trusted data is the norm," says Susan Pichoff, senior director of apparel and general merchandise at GS1, a nonprofit organization that develops global standards for business communications, in CSCMP's latest Hot Topic publication.

Auburn University's RFID Lab has conducted a proof-of-concept study called the Chain Integration Project (CHIP). This year-long study aimed to help the retail community better understand how blockchain can be implemented successfully in the near future. "The researchers believe that blockchain, if applied to a foundation built on RFID and GS1 Standards, can help the industry overcome challenges that have made the supply chain sometimes frustratingly costly and slow," explains Pichoff.

The CHIP project's ultimate goal is to take the knowledge learned in the study, test and integrate the data from products' RFID tags, and build a peer-to-peer blockchain network, where retailers and suppliers deliver their product inventory information through one common record of information.

By creating a standards-based framework using the immense amount of data captured from RFID tags and creating a common language with GS1 standards, argues Pichoff, the retail industry has the opportunity to increase efficiency, improve inventory accuracy, and create item-level serialization so that every single retail item can have its own unique digital identity.

This Hot Topics is free to CSCMP members and nonmembers by visiting cscmp.org.

  • Related Articles

    Covid-19: How can your supply chain respond?

    How secure is the data in your supply chain?

    New CSCMP report explores blockchain and data sharing

Recent Articles by Supply Chain Quarterly Staff

Report: Pandemic spurs evolution in logistics planning strategy

Blasgen to retire as leader of CSCMP in March

Reports: Outlook calls for stronger supply chains

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • The 3PL industry: time to reset

  • Supply chain resiliency starts with supplier mapping

  • Freight market growth expected to slow in 2021

  • Seizing the helm

  • The Top Supply Chain Pains That You Should Address For a Healthier 2021

Featured Video

Be8de8b1 9bd3 48d6 9400 0bf476fd1f5d

Optimization Through Lean Management 

Viewer Contributed
Uncertain times can put a tremendous strain on your business’s people, processes and supply chains. However, operations can mitigate some of these factors by adopting lean management principles and instilling a culture of continuous improvement. Raymond Lean Management Manager of Solutions and Support Centers Keith...

FEATURED WHITE PAPERS

  • The Top Supply Chain Pains That You Should Address For a Healthier 2021

  • Research Report: New Rules for Supply Chain Insights, Collaboration and Overall Resiliency

  • Logistics 2030 – Navigating a Disruptive Decade (Year 2 Report)

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing