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The IBM study confirms the success of supply chains in Spain using technologies such as blockchain

A recent survey conducted by Morning Consult for IBM confirmed what many have seen during the toughest months of the pandemic: supply chains run like clockwork in most case studies.

The analysis showed that 82 percent of respondents confirmed that they had no supply problems in commercial establishments in the European country. A figure that makes the Spaniards proud because it is above the European average of 77 percent.

The use of disruptive technologies in agriculture is a fundamental point that has improved management in the supply chain.

The IBM study confirms the success of supply chains in Spain using technologies such as blockchain
The IBM study confirms the success of supply chains in Spain using technologies such as blockchain

With this in mind, 83 percent of Spaniards estimated that they could get information about the origin of the products they bought, as the authenticity of a food (72%) and its useful life (71%) are valuable.

And exactly The use of technologies such as blockchain to ensure transparency was one of the points most supported by respondents. 82% rated the traceability of their food as very positive.

The survey found that Spanish consumers advocate responsibility for ethical food production, weighing factors such as treating producers and farmers fairly when choosing a product for their shopping activities.

For this reason, the use of blockchain technology in the agricultural sector has increasingly been adopted in different latitudes of the Spanish geography in order to meet the social demands of consumers.

The study also included other relevant aspects of the behavior of Spanish consumers, such as the existing interest in knowing the origin of the food in their Christmas shopping basket.

On that line, the study found that 82 percent wanted to know more details about the origins of the Christmas ingredients they bought.

As if that weren’t enough, 72 percent of Spaniards want the guarantee of responsible production and detailed information on the origin of meat products, a sector where blockchain technology has also been introduced in its supply chain.

Blockchain powers supply chains

The use of the blockchain has undoubtedly increased transparency in the supply chains in which it has been implemented, in addition to the traceability capability, which allows it to reduce administrative costs for the various actors involved.

A blockchain-based supply chain can help participants record price, date, location, quality, certification and other relevant information to effectively manage the supply chain.

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