One of the Big 4’s audit firm KPMG has officially launched a blockchain-based track and trace platform in countries like Australia, Japan and China. According to the firm’s announcement on November 28, the tool is designed to add transparency and traceability of processes in the agriculture, manufacturing and financial services industries.
The press release noted that KMPG Origins’ official launch in Australia, China and Japan comes after the successful pilot implementations with clients in the said countries.
KMPG Origins’ intention is to improve supply chain processes. The platform as KMPG has stated, gives trading partners the ability to communicate product data across their supply chains to end users while reducing operational complexities.