5 Blockchain Leaders Driving Supply Chain Transparency

Blockchain: An Unbreakable Proof for Supply Chains

Blockchain is, at its core, a certification method, a cryptography-based proof of validity. This, of course, has been used to create cryptocurrencies, with levels of security that other forms of money cannot achieve.

But this is not the only utility of blockchain technology. One field that can benefit greatly from it is logistics & supply chains.

By ensuring an unfalsifiable track record for every part, good, or material used, it can ensure perfect traceability of every step of the supply chain.

It could be used for food safety, carbon tracking, human rights certification, ecological impact, or authenticity proof.

Through distributed ledger technology that provides a shared, single version of the truth, blockchain applications for your supply chain give permissioned participants greater visibility across all supply chain activities.

IBM

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Top 5 Blockchain Companies Leading Supply Chain Transparency

1. IBM Blockchain

As a leader in enterprise computing and software, IBM is uniquely placed to implement at scale a technology like blockchain.

The company has been supporting the deployment of blockchain-based solutions to many large corporations and organizations already, including for example:

• Home Depot, deepening the relation with its suppliers and increasing trust: “what’s been shipped, what’s been received — and how much should be paid.”
• Walmart, using the IBM Food Trust system to trace food source, freshness, etc.
• Renault, to make cars and every component that is part of them (30,000parts per car, from hundreds of suppliers) comply with safety, environmental, cybersecurity, and recycling regulations, tracking millions of compliance documents.
  • It used XCEED, a blockchain solution for automakers developed together with IBM, archiving supply chain and compliance documents at up to 500 transactions per second.
• FDA, fighting counterfeit drugs and reducing the time it takes to trace prescription drugs from 16 weeks to just two seconds.
• Bank of Thailand, which launched in 2020 the world’s first government savings bond on IBM blockchain and cloud technology.

Because of the preexisting trust in IBM to give it access to sensitive data, this solution stands out as a go-to option for large companies and organizations when they look to deploy blockchain and integrate it into their ongoing operations, instead of having to reinvent the wheel themselves.

2. VeChain

While a generic blockchain solution for supply chain can be more easily deployed to existing IT systems, a more focused blockchain can be useful for specific tasks.

VeChain is a blockchain offering concentrating on sustainability and carbon footprint.

It is already the partner of choice of many companies, including DHL, Givenchy, Bayer, BYD, BMW, etc.

VeBetter has already recorded over 20 million sustainable actions. The two flagship applications, Mugshot and GreenCart have each surpassed one million users in Q2 2025.

We’re laying the foundations to advance a $26T sustainability and $16T tokenization market opportunity.

A key element is the Multi-Party Payment feature, which removes the need for holding or managing crypto assets for business users. This can be important as many corporations or banks are still reluctant or even sometimes strictly forbidden to directly own crypto tokens, which limits the adoption of blockchain for useful applications.

VeChain has achieved MiCAR compliance (Markets in Crypto-Assets Regulation) in early 2025, giving it a significant advantage for expansion in European markets.

As ESG reporting, carbon taxes, and other demands for more transparency of ecological impact are growing, VeChain is in a good position to capture part of this market.

3. Provenance

This UK-based blockchain platform is concentrated on product transparency, with a focus on the food, cosmetic, and fashion industries, and is already trusted by large brands like Weleda, Hermes Paris, Caudalie, Diptyque Paris, etc.

More than just improving traceability, it is looking to restore trust between brands and consumers. And this is much needed when 79% of customers have difficulty trusting brands’ sustainability claims.

“Provenance began out of a personal frustration for how little we know about the things we buy”

Jessi Baker – Founder & CEO of Provenance

Provenance is a certified B-Corp, a type of for-profit company that has been certified by the non-profit organization B Lab to meet high standards of social and environmental performance, transparency, and accountability.

Where previously customers had to read carefully through product description copy, the brand is now serving digestible information in a bite-sized format, which shoppers can click on to learn more.

An example of Provenance at work is clickable sustainability claims, as used by the water brand Belu, a brand that gave all net profits since 2011, a total of £5.8 million, to WaterAid and transformed 391,944 lives and counting with clean water.

Source: Provenance

Or how the Italian brand Napolina used Provenance to demonstrate its effort to remove illegal labor from its fields, making the proof accessible via a QR code on more than 3 million cans of tomatoes.

Source: Provenance

Or Nue Co, a supplements brand, being able to demonstrate its environmental and ethical credential.

Source: Provenance

Because in the end, the majority of financial returns from ESG efforts will come from customers choosing to reward them, this method of rebuilding trust in a user-friendly way might pay off.

Instead of barely decipherable product sheets or long claims, customers can get from Provenance easy-to-access and easy-to-understand proof that brands are indeed improving product transparency and reducing their impact on the environment.

4. OriginTrail

OriginTrail is a blockchain-based ecosystem dedicated to organizing trusted AI-ready Knowledge Assets.

It achieves this through the “Decentralized Knowledge Graph“, an open-source AI that uses knowledge graphs, advanced databases used by big tech companies such as Google, Amazon, Facebook, Twitter, and Uber to derive value from user data, but adds a layer of decentralization with blockchain to the mix.

A knowledge graph a network of real-world entities—such as objects, events, situations or concepts—and illustrates the relationship between them.

The project started out as transparent and trustworthy supply chain data. It connects disparate data, like, for example, multiple foreign factories and transit roads for tracking Walmart’s suppliers, or data on medicines, vaccines, medical devices, and more across pharmaceutical companies, care providers, and patients.

The solution is established in partnership with many tech companies like Google, Microsoft, Oracle, and Nvidia.

Source: OriginTrail

OriginTrail is now expanding beyond supply chain and its initial business use cases, with deployment of “trusted data” for AI, trying to solve the exploding problem of deepfakes, IP infringement, illegal content and disinformation.

This solution has been recognized by the World Economic Forum in 2021 for its role “to ensure safer buying of COVID-19 protective equipment”.

The OriginTrail Decentralized Knowledge Graph (DKG)   is an evolving tool for finding the truth in knowledge. In particular, we see knowledge graphs improving the fidelity of artificial intelligence.”

Dr. Robert M. Metcalfe – Ethernet inventor & Internet pioneer 

Overall, OriginTrail is positioning itself not just to solve the issue of trust and tracking in supply chains, but also to become a validated data hub for many more applications, of which creating data that can be trusted for AI training might become the most important one.

5. Everledger

Another sector that needs immutable, perfectly reliable proof is luxury and collectibles. This was in large part the idea behind NFTs, even if at times, it went a little out of hand, with the idea that the immutability was alone enough to create value.

Diamonds, arts, and other luxuries are, however, still highly valuable thanks to their rarity.

Everledger’s specialty in blockchain technology and IoT is allowing these types of goods to be authenticated reliably.

It makes the information about a luxury asset openly available, including origin, transaction history, sustainability, environmental impact, ethical sourcing, and compliance claims (Everledger is ISO27001-certified).

The way it works is by creating a digital twin on a secure, unalterable, and private platform.

Many sectors are covered by Everledger’s offer:

• Art, notably using blockchain to digitally issue and manage forensic reports from The True Image Solution Ltd (TIS), a leading research company on the evaluation and restoration of cultural heritage objects.
• Diamonds & gemstones,  proving the origin and that it is responsibly sourced.
• Luxury goods and fashion, to fight counterfeits, proving origins of materials and manufacturing location & conditions, as well as creating a growing secondary market by honoring warranties, creating ‘collectors’ and soliciting loyalty from luxury brand customers.
• Wine and spirits, using tamper-resistant closures and sensors that report temperature, location, and a bottle’s integrity as immutable records on the blockchain.
• Critical minerals and battery, proving decarbonization, ESG credentials, as well as a battery passport ensuring complete recycling or 2^nd life utilization as energy storage for EVs’ batteries.
• Insurance, by creating a full-proof track of a valuable item, its value & ownership.

As the world gets richer on average, notably with the emergence of a large upper-middle class in countries like China, and soon Indonesia, Thailand, Vietnam, etc, luxury goods are going to be increasingly in demand and globalized.

In response, a global, immutable, and trusted track record specialized in such items will be increasingly valuable.