On April 28th,  the World Economic Forum (WEF) officially published its much-anticipated document about how to properly leverage blockchain technology.  The paper, called ‘Redesigning Trust: A Blockchain Deployment Toolkit,” was first announced last May as a means to, as per the WEF’s statement, “enable leaders to maximize the benefits and minimize the risks of the technology.”

“The blockchain deployment toolkit is essential for designing solutions that work for a multitude of actors, including smaller players who may not have access to the resources required to unlock the value of blockchain technology. For this reason, the toolkit can level the playing field for small and medium-sized enterprises,” said Nadia Hewett, Blockchain and Digital Currency Project Lead of the World Economic Forum.

As per Michael del Castillo at Forbes, the WEF hopes that the completed toolkit will lead to “hundreds of completed proofs-of-concept finally being implemented to fix the world’s increasingly frail supply chains.” 

To view the toolkit in its entirety, please follow this link: Redesigning Trust: Blockchain Deployment Toolkit

This project is just one of the WEF’s many efforts to provide the most accurate information about the true applications and limitations of blockchain in the industry. The toolkit is a part of WEF’s Redesigning Trust: Blockchain for Supply Chains project, which is aimed at making blockchain accessible to all. In addition to the toolkit, the WEF has put out several educational white papers about blockchain since the announcement

In order to put forth the most accurate and relevant facts for all of the mentioned undertakings, the WEF compiled a team of experts that they pulled from startups, private and public companies, governments, and academia, to help come up with the parameters and content for the toolkit. One of those experts tapped was ShipChain CEO John Monarch, whose first-hand experience was key in his contributions.

To access the WEF’s educational white papers about blockchain, please use the following links:

Inclusive Deployment of Blockchain for Supply Chains: Part 1 – Introduction

Inclusive Deployment of Blockchain for Supply Chains Part 2 – Trustworthy verification of digital identities

Inclusive Deployment of Blockchain for Supply Chains: Part 3 – Public or Private Blockchains – Which One Is Right for You?

Inclusive Deployment of Blockchain for Supply Chains: Part 4 – Protecting Your Data

Inclusive Deployment of Blockchain for Supply Chains Part 5 – A Framework for Blockchain Cybersecurity

Inclusive Deployment of Blockchain for Supply Chains: Part 6 – A Framework for Blockchain Interoperability