Following an internal pilot of Finboot’s blockchain-based traceability system, Stahl is now launching a proof of concept with external suppliers. Specifically, KRAHN Chemie has been integrated into the blockchain traceability environment. This step enables the traceability of key raw materials throughout the supply chain, from the point of origin to finished product. In the next 12 to 24 months, Stahl will work collaboratively with more suppliers and partners to drive blockchain maturity, activate more nodes in the network, and deliver greater supply chain transparency.
John Fletcher, Chief Innovation Officer Stahl said: “The collaboration with KRAHN Chemie underlines our wider commitment to tackling the chemical industry’s lack of supply chain transparency.”