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Why is Blockchain a Game Changer for Supply Chain Management? - ResearchAndMarkets.com

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The "Why
is Blockchain a Game Changer for Supply Chain Management?"

report has been added to ResearchAndMarkets.com's
offering.

This report seeks to explain and clarify Blockchain technology, what it
is, how it functions and its potential for use in the logistics and
supply chain management sector.

The report (available as a PDF and an interactive version) mainly aims
to serve supply chain executives who have little knowledge of blockchain
and its use cases for the logistics industry and want to make informed
decision on whether investing in the technology would bring value to
their business.

We hope that by providing practical advice and guidance we can help you
determine whether blockchain would make sense for your organisation and
under what circumstances blockchain would not be of value.

Exploring the very latest analysis and drawing on a number of use cases
as well as interviews with a number of professionals in the area,
including IBM, OriginTrail and a leading logistics provider, the report
examines the viability of blockchain based solutions in supply chain
management. In addition, the report provides insights into the main
limitations of the technology and key obstacles to a wider acceptance of
the technology in the logistics industry. The analysis is backed by the
evidence from the interviewed blockchain startups and LSPs about the
main issues they have encountered when applying the technology.

Key questions the report asks and answers:

  • What is blockchain and what are the main limitations?
  • Do you need a blockchain?
  • What value could blockchain based solutions deliver to your operations?
  • How can blockchain reduce your supply chain costs?
  • What are the potential areas of use in supply chain management?
  • How is the technology already being applied across the logistics
    industry?
  • How can someone be sure that the participants in the blockchain are
    not providing false data?

Key findings

  • Due to the fragmented nature of today's supply chains, a new kind of
    trust model would be helpful. In a commercial environment where there
    are numerous participants who need to establish relationships and
    transfer funds, Blockchain can provide a trust mechanism to do this.
  • While the use of blockchain based solutions can help reduce the number
    of paper-based exchanges along the supply chain, the blockchain will
    not make the paper-based processes disappear, rather it will be used
    in addition to the paper processes.
  • The distributed nature of the blockchain means that it cannot be
    tampered with easily, so this means transaction information is very
    trustworthy. In fact, they are probably the most trustworthy
    mechanisms for maintaining a transaction ledger there is.

Exclusive highlights

  • Whenever you have a trust gap that needs to be overcome, blockchain
    makes sense
  • Food supply chains are increasingly complex and dynamic, so
    transparency is essential to guarantee food quality and provenance.
    This is however, not an easy task. Given these problems, it comes as
    no surprise that several blockchain initiatives have already been
    established in the sector.
  • The more automated the processes are, the more difficult it is to
    tamper with the data. By digitising the supply chain processes, the
    relevant information is captured directly from sensors and entered
    onto the blockchain.

Key Topics Covered:

1. Introduction

2. The section to read if you don't have time to read the full report

3. What is Blockchain?

4. Security

5. Supply Chains are networks

6. Trust

7. Public vs private Blockchain and Internet vs intranets

8. Tokens

9. Smart Contracts

10. Blockchain Problems at the moment

11. Blockchain and General Data Protection Regulation

12. Outlook

Companies Mentioned

  • IBM
  • OriginTrail

For more information about this report visit https://www.researchandmarkets.com/research/qlz4qc/why_is_blockchain?w=4

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