HS2 implements blockchain technology into its supply chain

High Speed Train

HS2, the controversial high speed railway being developed from London to Manchester, has begun to implement blockchain in parts of its procurement pipeline.

Major construction companies Costain, Skanska and Strabag took part in the trial, with oversight being provided by professional services firm Deloitte.

Deloitte’s blockchain lead, Alexander Marx, spoke at New Civil Engineer’s TechFest on December 2 about the benefits this will bring.

Explaining the...

Leaders in financial services gaining faith in blockchain

Financial Data Analytics

Most financial services leaders now see blockchain as an important source of competitive advantage, according to Deloitte’s ‘2021 Global Blockchain Survey’.

In its poll of 1,280 senior executives and practitioners, the survey found that 77% said their organisations would lose opportunities for competitive advantage if they did not adopt blockchain or digital assets into their business strategy.

Similarly, 80% of leaders believed their industry will see new revenue...

Blockchain for a brighter future in 2020 and beyond

Industry has long been easily excited about concepts from virtual and augmented reality (VR/AR) to autonomous vehicles, wearable technology to chatbots and drones, the list goes on. After innovations emerge, the pattern after much debut hype, is to go underground into pilot programs until the market achieves tangible validation.

If 2019 was the year that blockchain hype persevered, albeit among much polarisation, then 2020 will give way from previously unstructured experimentation...