BLOCKCHAIN FOR SUPPLY CHAIN MANAGEMENT
November 19, 2020 | 4:00 p.m. CET | 10:00 a.m ET
Welcome to an exciting new digital event
In a supply chain the flow of goods move downstream (i.e., from the supplier to the buyer), while the flow of money goes upstream, from the buyer paying the supplier. Both flows are connected through the “glue” provided by the flow of information to activate the operations between all supply chain participants.
The certainty of the origin of data and the confidence of its quality represent the prerequisites for a full and profitable supply chain collaboration between trading partners. The current centralized server-client enterprise systems create data silos that remain confined and difficult to share, least by building expensive and hard to maintain point-to-point and host-to-host connections.
This 101 Blockchains Virtual Conference provides the most updated use cases of how companies, banks, logistics providers, certification agencies, customs offices, are shifting their attention to consider blockchain-based solutions not only to improve current processes but- most importantly- to transform and revolutionize them.
The virtual conference sessions focus on:
-Blockchain for the physical and information supply chain
-Blockchain for the financial supply chain
Event Program (CET/ET)
Panel 1- Physical Supply Chain
Panel 2- Financial Supply Chain
End of Conference
Attend the online conference—
No travel required!
November 19, 2020 | 4:00 p.m. CET
This Virtual Conference will focus on two key topics:
PHYSICAL AND INFORMATION SUPPLY CHAIN
The notion of Enterprise Blockchains might sound vague without clear examples of how it is implemented. Supply chain management (SCM) provides the best environment to put this in practice: SCM is the set of processes, technologies, and practices through which companies plan, source, make, and deliver goods, information, and money with other companies and final consumers. Add to these the processes of returning and recycling goods and the picture of the circular economy is completed. Rather than supply ‘chain’, it’s more realistic to refer to it as a supply ‘network’ with nodes represented by companies that buy, that manufacture, that sell, that transport, that control, that insure, that finance, that certify. The foundation of SCM is collaboration: all constituents of the network must join forces to ensure that customer satisfaction matches with profitable results.
Collaboration, per-se, is a nice and compelling concept, but very hard to put in practice given that every party has its own agenda and business targets. Goodwill must be sustained by appropriate instruments to ensure that tangible results follow words of principle. Until now, supply networks have struggled to coordinate efforts and results, not only for the inevitable selfish nature of participants, but also- and most impactfully- because there were no valid tools to ensure that everyone was keeping with promises and commitments.
FINANCIAL SUPPLY CHAIN
Enter now blockchain, with its key characteristics of immutability, decentralization, peer-to-peer connectivity. Immediately, the instruments for collaboration are now available. Most importantly, not only to exchange goods and information: also financial transactions can be executed between networks partners in full transparency and trust. Another key factor is that
all this is made possible without disrupting existing investments in information technology assets (e.g., ERP, SCM applications, transportation software, accounting systems). The reality of digital twins that represent the correspondent physical objects allows network partners to transfer the ownership of the assets in pure peer-to-peer collaboration, simplifying transactions, reducing costs, and making everyone accountable for the data
Our Event Partners