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Blockchain in retail: use cases, adoption
roadmap & real-life examples

February 26, 2026

Blockchain in retail: the market state

$62.6

bn

the expected size of the blockchain in retail global market by 2029

The Business Research Company

$34.3

bn

the projected size of the US blockchain in retail market by 2035

Market Research Future

Use cases of blockchain in retail

Blockchain technology has found multiple applications in the retail industry over the last few years, introducing advancements in the ways companies build consumer trust, improve operational efficiency, and optimize customer journeys.

Product provenance tracking

Conventional methods of tracking product provenance, like barcodes, spreadsheets, or databases, are susceptible to tampering and fraud due to their high reliance on trust and manual oversight. Blockchain-based provenance tracking, by contrast, is decentralized and tamper-proof, enabling transparent and highly accurate overview of goods' entire lifecycle, from their sourcing to purchase.

As goods move through the supply chain, all data regarding their origin, location changes, and other movements is recorded on the blockchain as timestamped blocks in chronological order. This creates an immutable ledger of the product lifecycle which serves as a single source of truth for authorized members. In permissioned blockchain networks, suppliers, manufacturers, or distributors are granted role-based access to the ledger, which allows them to see only the information relevant to them. Each blockchain network participant has a private cryptographic key used to digitally sign transactions when recording new item-related events, which guarantees that all data entries are authentic.

Counterfeiting prevention

In the retail industry, counterfeiting has an especially negative impact on companies, leading to product recalls, brand reputation damage, a decrease in consumer trust, and, ultimately, significant monetary losses.

Blockchain systems can help combat counterfeiting by storing products’ proof-of-origin information in an immutable ledger and providing retailers and customers with visibility into its entire supply chain, from the extraction of raw materials to the shipment of a product to the end-consumer. Blockchain systems can also be used to register ownership of valuable goods and prevent its counterfeiting.

Food safety monitoring

From grocery stores to global food chains, businesses strive to prevent losses from spoiled produce while ensuring food safety for their customers. Implementing an IoT and blockchain-based system, retailers can automate food condition monitoring and ensure compliance with relevant food safety regulations.

IoT sensors installed across warehouses and means of transportation can collect environmental data such as temperature and humidity throughout the entire product journey and upload it to the blockchain network available to all authorized participants. If food gets contaminated or spoiled, this data helps accurately identify the stage of the supply chain where the issue occurred and which environmental conditions caused it. Thus, retailers can instantly detect product quality loss, locate its origin, more accurately predict spoilage, and implement preventive actions to avoid future incidents.

Regulatory bodies, such as the FDA, also recognize blockchain’s potential for food safety monitoring, encouraging the exploration and adoption of blockchain-enabled food traceability and safety monitoring systems.

Tokenized loyalty rewards management

According to research by Growth Market Reports, the size of the tokenized loyalty point market will reach $43.1 billion by 2033, with a CAGR of 22.1% from 2025 to 2033. Retailers are specifically increasingly implementing tokenized loyalty points to create a more flexible, secure, and tradable rewards ecosystem. Moreover, tokenized reward programs allow customers to resell their rewards on a secondary market, which increases the value of the loyalty program, as the rewards do not remain unclaimed. Each transaction and modification of tokenized loyalty points is recorded and visible to all authorized participants of the loyalty networks, which makes loyalty rewards fully traceable and almost impossible to fake.

Blockchain technology can also support the creation of a decentralized multi-retailer loyalty program network, which would help retail companies gain access to a larger customer base. Consumers, in turn, would be able to redeem loyalty rewards from multiple brands and across retail segments, using a single e-wallet instead of managing multiple digital accounts and physical customer loyalty cards.

Customer experience diversification & gamification

NFTs (non-fungible tokens) are unique digital assets verified on blockchain. They prove ownership or authenticity of real-world products or digital content, and each NFT is immutable. With NFTs, retail companies can offer customers digital collectibles that they can earn, buy, or trade. These digital assets can also grant customers access to VIP events and exclusive rewards, unlock immersive AR content and gamified experiences, and provide entry to limited-time deals, creating unique value beyond traditional loyalty programs.

NFTs also enable retailers to form communities around token ownership, opening new possibilities for customer interactions and brand communication. Within an NFT community, customers can trade tokens and engage in discussions with each other. At the same time, the brand can also participate by announcing new NFT-powered activities or contributing to discussions about NFT releases. Such communities ultimately strengthen customers' connection with brands and allow retailers to gather insights on their audience.

Smart contracts for supplier agreements

Smart contracts are self-executing digital agreements stored on a blockchain that are triggered automatically when predefined real-life actions are executed or conditions are met. In retail, they can be used to trigger the execution of agreed terms based on pricing policies, delivery schedules, and quality standards without manual intervention of involved or third parties, minimizing disputes. Smart contracts can also facilitate secure management of payments and refunds, improving customer satisfaction and reducing operational costs.

Streamlining global transactions

Blockchain systems facilitate fast, secure, and low-cost cross-border transactions between retailers and suppliers or partners, eliminating intermediaries and currency conversion fees and ensuring transaction transparency due to immutable records.

Traditional cross-border wire transfers often take 3-5 business days in certain markets, while blockchain-based payments settle in just a few minutes thanks to near-direct processing between the payer and the recipient. Blockchain-based systems also guarantee better payment control by removing uncertainty often caused by correspondent banks delays in confirming transaction status and ensuring that transactions can be tracked in real time.

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Blockchain adoption roadmap for retail

While the blockchain implementation process is typically universal across industries, retail companies need to pay attention to their sector-specific goals and constraints when adopting these solutions.

1

Discovery

  • Assess your business needs and identify your blockchain solution requirements
  • Specify the desired outcomes of blockchain implementation
  • Conceptualize the blockchain solution and define workflows where it will be applied

2

Design

  • Elaborate the development plan
  • Define the blockchain system’s architecture and design its UI/UX
  • Choose blockchain type (public/private/consortium) and the solution’s tech stack

3

Development

  • Build a pilot prototype of the solution and refine it if needed
  • Develop front-end and back-end components and perform end-to-end testing
  • Set up integrations with ERP, POS, IoT, and other corporate systems

4

Deployment & rollout

  • Deploy the system across all targeted retail operations and channels
  • Perform retail data migration and validation
  • Conduct staff training to ensure smooth user adoption

5

Maintenance

  • Monitor the solution’s performance and scalability
  • Apply software updates and security patches
  • Expand the system by adding modifications and customizations

Benefits of blockchain in the retail sector

Implementing blockchain technology helps companies in the retail sector enhance efficiency across various business processes and ensure operational transparency for authorized blockchain network members.

Supply chain transparency

The distributed ledger serves as a single source of truth for all retail supply chain participants and enables product security and traceability.

Improved data security & reduced risk of fraud

Transactions in blockchain-based systems cannot be altered or deleted and are time- and date- stamped, which enables complete visibility for authorized members and minimizes risks of fraud or counterfeit.

Optimized inventory management

Blockchain-powered real-time inventory management helps retailers maintain optimal inventory levels, avoid overstock or stockouts, and ensure faster order fulfillment by enabling transparency and real-time information updates.

Streamlined transactions

Blockchain’s decentralized nature allows retail businesses to stop relying on financial intermediaries for handling payments, which helps cut fees and speed up transactions.

Increased customer loyalty & engagement

Blockchain ensures accurate product origin and journey data, which builds consumer trust, while transparent loyalty programs and NFT-based systems for customer experiences also strengthen customer relationships.

Better decision-making

Using verified data from blockchain-based systems gives retailers the confidence to make accurate forecasts, plan effectively, and make smarter strategic decisions.

How leading retailers use blockchain today

Blockchain has been gaining traction among retail companies, leading to many use cases successfully put into practice. Here are the case studies of retailers that have applied blockchain technology to streamline their various workflows.

De Beers Group is one of the world’s biggest diamond retailers. Since 2018, the company has been testing its proprietary permissioned blockchain-based platform Tracr for proving the authenticity of both end-products and source materials, and the platform was launched at scale in 2022. Currently, nearly 3 million diamonds have been registered on Tracr. Starting from 2025, the platform provides purchasers of natural diamonds with country-of-origin data for rough diamonds over 1 carat (about 0.5 carats polished), matching the G7 import size threshold. To reliably trace a diamond’s journey through the supply chain, Tracr employs Distributed Ledger Technology (DLT) to store unique digital IDs of each diamond. This ID includes information about the diamond’s origin, characteristics, and ownership history. Tracr applies AI and ML to collect the diamond’s characteristics, such as carat, cut, color, and clarity, and provenance information and then creates an immutable record that stores authenticity and provenance details accessible to stakeholders in the diamond supply chain.

In 2025, the company officially launched ORIGIN De Beers Group, a new program that extends traceability beyond supply chain to retail: the polished diamonds by De Beers Group are now available not only online but also in retail partner stores across the US and Canada. The company's retail partners can have access to diamonds' provenance data to share stories with consumers about the unique journey of each diamond. Each ORIGIN branded diamond above 0.3 carats is traceable on the Tracr platform, containing information about each diamond’s journey, from mines to cutting and polishing, along with ethical sourcing assurance and social impact stories underlining how De Beers contributed to communities and nature in diamond-producing countries. Thus, buyers not only get proof of authenticity but also insight into the positive contributions behind their purchase.

In partnership with Hyperledger, American Express developed a blockchain-based system that lets retailers create custom Membership Rewards programs for cardholders and tie reward points to their own products however they choose. The technology of Hyperledger, a set of open-source frameworks and tools used to build blockchain-based products, enables joining and setting up custom Membership Rewards programs within weeks instead of the months it would take using conventional API integrations.

In 2025, American Express launched Amex Passport, a new blockchain-based initiative for documenting travel experiences. Amex Passport enables American Express cardholders to collect customizable digital travel stamps, Ethereum-based NFTs that do not contain personal data and are stored on a public blockchain, to commemorate trips. Travel stamps are automatically earned when clients use their American Express Consumer Cards in new countries or regions and can be shared on social media or sent through messengers. American Express cardholders can also explore an interactive map to view their trip history and add notes with travel memories to their stamps.

In 2021, LVMH, Prada Group and Cartier, a part of the Richemont company, formed a partnership to create the Aura Blockchain Consortium, the world’s first non-profit global luxury blockchain. After 6 months, OTB, an international fashion group, became the fourth founding member.

The Aura Blockchain Consortium aims to advance the adoption of blockchain solutions worldwide across the luxury industry. Aura covers product traceability by assigning a unique digital identity, a “digital passport”, to each luxury item. The digital passport records the product’s journey from its creation and contains information on the origin of its raw materials. Data is immutably recorded on the blockchain, which helps retailers combat counterfeiting while providing consumers with verification of the product's authenticity. Digital passports are connected to physical products through NFC chips or QR codes, so consumers can access authenticity and provenance information. Aura's passports also simplify resale, increasing trust in the secondary market.

In 2024, Aura exceeded 50 million luxury products registered on its blockchain and 50 brands as consortium members. As for 2025, Aura is a multi-industry blockchain solution for luxury goods, with the consortium including automotive brands like Mercedes and Brabus, a high-end furniture and home decor company, Savio Firmino, a watch and jewelry brand, Chopard, and perfume house Amouage.

Each year, Walmart Canada handles over 500,000 shipments with 70 carriers, and every invoice requires gathering and entering 200+ data points, which previously caused a 70% error rate due to the incompatibility between their enterprise systems and the systems of suppliers and vendors. To overcome this, Walmart partnered with DLT Labs and launched DL Freight, a permissioned blockchain network that serves as a single source of truth. Since going live in 2021, invoice disputes have dropped to about 1%, 70 times less than before.

Walmart also continues to expand its use of blockchain for food safety by using the IBM Food Trust platform. It allows Walmart to trace products back to their source in 2.2 seconds, compared to around 7 days using legacy systems. Walmart has mandated blockchain-based traceability for high-risk categories such as leafy greens and cheeses to optimize food provenance tracking and reduce waste.

Carrefour has been a member of IBM Food Trust since 2018, continuously expanding the range of goods recorded on the blockchain. The following year, Carrefour enabled blockchain-based tracking for 20 product types, enabling customers to scan a QR code for origin details, such as producer, harvest date, location of cultivation, and package date. As a result, tracked items recorded higher sales in the first year after the release. Additionally, the company expanded the use of blockchain in retail to trace exclusive textile products.

Over the years, Carrefour has become the first retailer to use blockchain with its own branded organic products. Now the whole range of Carrefour Bio products is traced by blockchain, allowing consumers to be more confident in their purchasing decisions.

Blockchain consulting

Blockchain consulting

Itransition’s experts provide end-to-end consulting services to help you adopt blockchain technology with maximum value, depending on your business objectives and needs.

Implementing blockchain for retail success

Implementing blockchain for retail success

Blockchain is an advanced technology that can be applied to various non-trivial retail tasks, whether it’s improving consumer trust and loyalty, automating supply chain tracking, diversifying loyalty programs, or preventing product counterfeiting. With blockchain now widely considered a proven solution rather than a passing trend, retail companies have a real opportunity to streamline their business-critical functions.

However, implementing blockchain solutions is a complex process that demands careful planning and deep technical expertise. To ensure a smooth blockchain-based system development, you can partner with an experienced IT services provider to help you with every critical aspect of the implementation journey.

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FAQs

Blockchain technology can improve business process traceability and transaction transparency, ensure secure data sharing and operational efficiency, and boost digital transformation across multiple industries beyond the retail sector. Here are the most prominent blockchain use cases from each sector:

  • Blockchain for healthcare
    patient record storage, drug traceability, clinical trial and research result management.
  • Blockchain for finance
    transaction processing in payment systems, digital identity management, credit and risk scoring, P2P lending.
  • Blockchain for education
    diploma validation, research provenance, decentralized academic records.
  • Blockchain for ecommerce
    product ownership record and tracking, returns and refunds automation.
  • Blockchain for manufacturing
    inventory management, equipment maintenance and asset lifecycle management, material provenance tracking.

Smart contracts follow the “if–then” logic: if a predefined event, written into the smart contract code, occurs, then the execution of a specified action is triggered automatically. For example, if there’s an agreement between a supplier and a retailer, once the system receives the information that the supplier’s shipment has been delivered, the contract execution is automatically triggered in line with agreed terms. This way, smart contracts help eliminate the need for a third party to verify that the event happened, which makes transactions faster and agreements more transparent.

There are four types of blockchain networks:

  • Public is a network that anyone can join, such as Bitcoin, Ethereum, or Polkadot blockchain platforms.
  • Private networks are accessible to the selected group of individuals, typically within an organization.
  • Consortium combines elements of private and public networks, and can be controlled by multiple organizations.
  • Permissioned blockchains restrict participation, so users require permission or an invitation to join the network. They are typically private, although public blockchains can also be permissioned.