The blockchain “Second Internet Revolution” will have significant implications on not just financial transactions, but many areas of business operations. The supply chain is an especially powerful area to apply the advantages of a highly secure data ledger and the “smart contract” features of the Ethereum public and Hyperledger private blockchains.
Blockchain-driven supply chains offer one combined, transparent database of information, far more secure from hacking, protection against counterfeit goods, far more trust, disintermediation of some middlemen, and, overall, faster and lower cost deliveries.
Blockchain has been in use for some applications for years, and IBM and Maersk will be rolling out their proven blockchain application for international ocean shipping in early 2018. Many other large companies are using blockchain for a variety of supply chain applications, and companies of all size, in all parts of the supply chain (from manufacturers to retailers) need to be looking at how they can exploit blockchain to improve business efficiency and lower costs.
This workshop will provide:
- An explanation of how blockchain technology works
- The major advantages of blockchain in supply chain application
- A case study of a client we have worked with to add blockchain to their supply chain automation system
- Examples of supply chain systems currently using blockchain
- A forecast of how blockchain systems are likely to impact the supply chain