Blockchain the Supply Chain
Without a doubt we are in the middle of a major hype cycle around Blockchain and the potential transformational impact it will have on key industries from Banking, Legal, Compliance, Security and indeed the Supply Chain.
Is this hype justified? The initial signs point to yes but the key as with all new technologies is not how they work ( explain “decentralised digital ledger” to the uninitiated ) but how do we communicate the business benefits and potential ROI to a non technical senior level audience. Where are the real life applications and commercial solutions. It is encouraging the see all the trials and research consortiums being announced but if we are to move beyond the hype we need to see more implementations and case studies now. The challenge is not Blockchain but Communication.
Encouragingly some supply chains are already using the technology, and experts suggest Blockchain could become a universal “supply chain operating system” before long. Some of the tasks it can improve include: