Using Blockchain for Supply Chains

TUE, SEP 12, 2017 (1:57:58)

As consumers, we want to know that the food we eat is safe and (in some cases, such as fine wines) that it’s provenance is authentic. We want to know with certainty that the gold, diamonds, and electronics we buy are not funding conflicts. And that the products we buy are not counterfeits. Supply chain managers want to track condition, location, and remove friction from global supply chains. Blockchain/ distributed ledger technology holds promise in solving these problems, with applications in socially responsible supply chains, traceability/prove­nance/chain-of-custody tracking, anti-counterfeiting, condition monitoring, customs and compliance, trade finance, and other areas that can benefit from a shared, immutable ledger. Some of these have already been implemented, tracking millions of products, but most are still in development or pilot phase. However, the level of activity and investment is becoming intense and we expect rapid developments in this area. In this session, we will hear from CEOs, founders, and technology experts at the companies on the forefront of this ongoing digital transformation of the supply chain. Photo: “U.S. Customs & Border Protection Seizes More Than $14M of Fake Handbags in L.A.” by U.S. Customs and Border Protection [Public domain], via Wikimedia Commons

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