In regulated industries the dependency on suppliers for raw materials and services is very high, especially since there is little flexibility to switch away from qualified suppliers on short notice. Thus the concept of “Knowing your Supplier” is key for a reliable supply setup. This takes on even greater importance with the growing awareness of ethical, environmental and labor policies of individual supply chain partners. This presentation examines how Decentralized Identity and Verifiable Credentials can be leveraged to increase transparency and reduce the cost of compliance in a multi-tier sourcing network.
