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Blockchain in the Supply Chain: Reducing Friction for Faster and More Efficient Logistics
This report looks at emerging use cases for blockchain in the supply chain industry (which includes manufacturing, sourcing, procurement, processing, management, compliance, insurance, logistics, telematics, tracking, monitoring, purchasing, sales and marketing). How does blockchain fit into the increased digitization of the industry and what issues can it solve? As an emergent technology, the focus is on proof of concepts and pilots currently being run by ecosystem players, as well as evaluation of market maturity, potential revenue models, startup dynamics, and industry alliances.Continue
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In October 2018, IBM announced the general commercial availability of the IBM Food Trust, a blockchain platform for supply chain management of the food industry. The project was started in early 2016 and has been in testing ever since, with a number of high-profile agrifood stakeholders—including Walmart, Nestlé, Dole, Tyson Foods, Kroger, and Unilever, among others—trialing the technology. French retailer Carrefour is the latest to join the network. Today, IBM is offering a range of pricing models, starting at US$100 per month for small businesses (those earning under US$50 million) to US$10,000 per month for large enterprises (US$1 billion and over). The firm also offers an educational “virtually guided onboarding” package for a one-time charge of US$5,000, which includes IBM expert-led sessions for onboarding support.
We have started to see a flurry of activity with blockchain oriented companies attempting to improve the media environment. Blockchains are distributed computing systems which rely on advanced cryptography. While Bitcoin is the best known, Etherium is generally behind more applications beyond the relatively limited purpose financial network.
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