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This resistance to blockchain adoption comes from the need for data standardization. “The goal of GS1 standards is to improve traceability within supply chains by transparently capturing and transferring data.

The idea is to identify data captures and ultimately share that information with trading partners in a standardized fashion,” said Otto.

If there is a recall for a product and companies speak in different languages, then even with access to all the information, companies will have no idea what it means,” said Otto.

It helps document the product’s chain of custody across trading partner networks when used for blockchain.

You have that cross-industry discussion group, which has 100 to 150 representatives from about 95 different companies that helped us put together this guideline,” said Otto.

Otto contended that the goal was to add to the document every time the industry comes up with a new blockchain use case that needs recognition.

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