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Monday, May 5, 2025

Wholechain Selects Algorand as New Blockchain Provider to Improve Supply Chain Visibility - PR Newswire

Having a blockchain with zero downtime, forking, and carbon footprint will improve Wholechain's capacity to serve governments, nonprofits, and some of the world's largest brands
SINGAPORE and BLOOMFIELD HILLS, Mich., Sept. 8, 2022 /PRNewswire/ -- Wholechain, the blockchain-based traceability solution built to enable trust, coordination, and transparency in fragmented supply chains, today announced a partnership with the Algorand Foundation, whose mission is to grow the ecosystem of Algorand, the carbon-negative Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali.
Currently, many supply chain operations remain opaque across industry verticals. MIT Sloan has found that 81 percent of companies do not have full visibility into their supply chains, and 54 percent have no visibility at all. Consumers, retailers, and auditors are unable to easily verify claims about sustainable, ethical, and responsible sourcing. This hurts sellers; 94 percent of consumers...



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