Blockchain systems are a fast emerging and a currently widely discussed novel strategy
for a decentralized cryptographically enhanced digital ledger recording transactions
among stakeholders. This perspective paper looks at its potential uses in the context
of high value and mostly low volume botanical material traded globally and used as
medicines, health foods, in cosmetics and other applications. We offer a perspective
on key areas in the supply of such products globally and how blockchain systems may
help in sustainable sourcing, quality assurance, and in tackling supply problems in cases
of complex multiherbal preparations. Both open and closed blockchain systems are
feasible, and it seems likely that, at least in the initial development, closed ones are
the main ones to be utilized. While blockchain’s potential is not yet clear, the examples
presented here highlight the opportunities of this new technolog
