Why is Blockchain a game changer for supply chain management?

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Why is Blockchain a game changer for supply chain management? 

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?

If you would like a sample of this report, please click here

This report contains:

  • How does blockchain work?
  • Do you need a blockchain?
  • The top do’s and don'ts of blockchain
  • The cost-saving potential of blockchain
  • Potential areas of use
  • Private vs public blockchain
  • Blockchain limitations at the moment
  • Blockchain and the GDPR
  • Insight from IBM, OriginTrail and a leading logistics provider

This report contains:

  • How does blockchain work?
  • Do you need a blockchain?
  • The top do’s and don'ts of blockchain
  • The cost-saving potential of blockchain
  • Potential areas of use
  • Private vs public blockchain
  • Blockchain limitations at the moment
  • Blockchain and the GDPR
  • Insight from IBM, OriginTrail and a leading logistics provider

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.
 

Ken Lyon is Managing Director of Virtual Partners Ltd and has over 30 years of experience in the transportation industry.

Ken specialises in the use of advanced information systems to manage the operations of 3PL, 4PL and Lead Logistics Providers and their trading partner networks. Over the past few years he has helped start-ups concerned with supply chain technologies and before that, he spent 10 years as a Director and VP of information services at UPS, helping to establish its Logistics and supply chain services Group. Ken was recently appointed Chairman of the Board for an international logistics software group and also sits on the board of Ti. During the past 25 years, he has participated in conferences and conventions for the US Department of Defense, Government of Singapore, The JOC, Nikkei and many others. Ken is a Fellow of the Chartered Institute of Logistics & Transport and a member of the US OSD sponsored Highlands Forum.

   

Nick Bailey

As Head of Research, Nick is responsible for all of Ti’s research products, including logistics market and vertical sector reports, as well as Ti’s flagship Global Supply Chain Intelligence (GSCi) market intelligence portal. Nick is actively involved in research for these product ranges, as well as in the development of new and existing research capabilities at Ti. Nick also coordinates the efforts of Ti’s team of researchers and analysts, and supports Ti’s consultancy offering for a global client base. Prior to joining Ti in 2013, he spent several successful years working in international trade and foreign direct investment, and has since developed specialisms in e-commerce, the road freight market and emerging market logistics working in Europe, Asia and the Middle East.

 

Violeta Keckarovska is a research analyst with vast experience in the design, implementation and analysis of electronic and person-to-person surveys. Having worked across a number of sectors, including retail, luxury goods and FMCG, Violeta is experienced in gaining valuable insights across brand perception, voice of customer and strategic re-positioning intelligence campaigns for B-to-B and B-to-C clients.

As a member of the Market Research Society, Violeta brings best practice in research, insight and analytics across Ti.

Read John Manners-Bell's latest brief, Blockchain: ‘it’s a game changer’ 

Ti's latest report, Why is Blockchain a game changer for the supply chain management?, is an easy to understand guidebook, setting out how the technology works, how it will be applied to the logistics and supply chain sector, case studies of its application and advice on when or if it should be implemented.

This report is perfect for:

  • Global manufacturers
  • Banks and financial institutions
  • Supply chain managers and directors
  • Logistics procurement managers
  • Marketing managers
  • Knowledge managers
  • Investors
  • All C-level executives

Request a report sample or ask a question about the report

If you would like to know more about the report or would like a report sample, please call Michael Clover on +44 (0) 1666 519907 or leave your details below: