What’s going on with FSC’s blockchain?
In 2021, FSC developed and piloted its first cloud-based blockchain platform. The pilot involved ten participating companies and focused on two relatively simple, “short” supply chains in Ukraine and China. Participants were asked to enter data about their transactions in a standardized format into FSC’s online tool. To do this, they could choose between entering the data directly via a Web page, uploading their data via an Excel sheet, or connecting their own existing database to the blockchain platform via an API. The platform then cross-checked this data with that entered by other participants,and provided users with dashboards visualizing the data they had provided.
The pilot was a success in several important ways: it helped to verify point-of-trade claims, gave users simple options to provide data without needing to make burdensome operational changes, and bred ideas for how future versions of the blockchain could meet a growing need to demonstrate compliance, traceability, and legality to trading partners, governments, and consumers in ever more effective ways.
This pilot concluded in early 2022. FSC is currently developing the next version of its blockchain to cater for enhanced materials accounting and mass balance calculations, advanced analytics, and privacy-enabled sharing of legality information, with the intention to increase participation in the blockchain during 2023.
Learn more:
Blockchain and FSC https://connect.fsc.org/innovation-sustainability/blockchain
Forest for the Future Podcast – Find out more about the FSC Blockchain in FSC latest podcast: Spotify | Apple Podcasts | Google Podcasts | Podtail | Castbox