KPMG has launched KPMG Origins in Australia, China and Japan. KPMG Origins is a blockchain-based ‘track and trace’ platform to support multiple industries – most especially agriculture, resources, manufacturing and financial services.
Ken Reid, ASPAC Head of Advisory and Partner, KPMG Australia commented: “The supply chains of the 21st century are faster, more interconnected, and require sharing greater amounts of data than ever before. From agriculture to financial services, the complexity of supply chain ecosystems creates operational risks, reconciliation challenges as well as safety concerns. KPMG Origins’ goal is to solve these problems by providing independent third-party verification and certification of data and processes.”
Digital supply chains – KPMG Origins
KPMG developed KPMG Origins to:
- enable global trade
- provide a competitive edge for Australian industries to demonstrate the provenance of their product internationally.
The roll-out of the platform, which follows pilot implementations in Australia, China and Japan, brings together a number of emerging technologies. These include:
- Internet of Things (IoT) sensors
- analytics tools.
The objective is to provide transparency and traceability to trading partners across complex industries and their supply chains. In effect, KPMG Origins enables trading partners to:
- communicate unique product information across supply chains
- involve end users (for example, buyers and sellers)
- reduce operational complexities.
Laszlo Peter, KPMG Head of Blockchain Services for Asia Pacific said: “KPMG Origins is the result of several successful initial trials with clients to understand industry pain and trust points, map incentive structures, and create a platform to add real value. To move beyond the hype, it is necessary to introduce complex technology across a diverse…