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Blockchain

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How can blockchain leverage and optimize subtances traceability and supply ?

Blockchain
Substance Abuse
Supply Chain Management
Nicolas Artelluci
50 months ago

4 answers

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You heard SAP APO (Advanced Planner and Optimiser)

Dilsat Uyguroglu
50 months ago
Supply chains are complex networks of distant, separate entities that exchange goods, payments, and data across a dynamic, continuously evolving landscape. The underlying architecture of blockchain technology has key structural similarities. - Jatindranath 11 months ago
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I have posted about this on Linkedin and happy to share here:
Over the last few months I have been researching, the very exciting world of Blockchain and learning about this technology. I believe that Blockchain can lead to an entirely new eco-system of commerce and transacting across the world, and across all industries.
I am looking at blockchain through the eyes of a retailer, and looking at how this new world can shape the future business model for retailing.
The basic premise of Blockchain:

  • A decentralised, open ledger of information (open to participants allowed access)
  • Data is held on many distributed ledgers around the world
  • All ledgers hold the same information for the data in question
  • Any changes to this data can be tracked
  • All ledgers carry the same copy of this data
  • Blockchain leads to transparency and trust across the network

Let us assume we are starting with a new way to operate a retail business which we have no previous business or systems in place. We will call the business “Antony Stores” or AS for ease of understanding
AS is going to sell luxury, branded clothing via its physical stores, website, mobile site and through social media across the whole of Europe.
Retail use case one: The supply chain ledger
Lets explore a luxury product journey on blockchain and we will start with the Product which will be a jumper.
We will call this Blockchain "AS Blockchain" and all of our data will be shared on this decentralized ledger.
We need a system to track and source all our products, and our customers want to know where the raw materials came from and where the products were made. For this we need a database of product information.
If we host this database, and hold all this data, all the suppliers in the chain would need to send us data to enter into the database, via many different interfaces.
Lets look at a blockchain solution: We create a new "AS blockchain" ledger for all our product information:
· All our suppliers have access to the "AS blockchain"
· We use a standard naming convention across the "AS blockchain"
· Access is restricted to the participants in the "AS blockchain"
· Ledgers are held at supplier, partners and internally – all on "AS blockchain"
How would this work for AS:
The wool supplier will tag their wool on "AS blockchain" ledger, with the country and farm of origin
The factory where the wool was spun would enter the details of the spinning process (dates, times, locations etc)
The jumper is then made in a different country and the item is entered into the ledger with the country and factory where the jumper was made and finished.
Once the product arrives into our warehouse, we already know all the details (from the blockchain ledger), and we check the product quality and enter into the system that we are happy with the item.
Payment to the supplier is made immediately (as they are part of our blockchain) and the item is shipped to our Milan store.
The next day a customer in store asks where the product was made, and our store staff are able to tell the customer, the entire details of the product and confirm this is a genuine product.
The customer buys the item and we record the purchase
This is an entirely new way of looking at commerce and a very simplified version of the blockchain potential.
As a retailer we will know the following information at all times:
1) What stage the product is, in the production cycle
2) The location of the product or components
3) The steps that have been taken on its journey
4) The confirmation of its quality
We could also add in the costs and time elements for each stage, opening up a great world of insight form this information - this information would help a retailer assess how long the products take to make allowing deep insight into costs and efficiency
The key to this system is the decentralised ledger, which reduces the systems issues and interfaces. In the traditional model, you would have separate providers of information sending data via API's or EDI, which takes time and is prone to errors.
Blockchain helps improve process efficiency by anything from 40% to 60% and has given significantly more information to the retailer and the customer

Antony Welfare
50 months ago
Great article Antony Welfare Im not an expert in the blockchain issue and your article explains clearly how it works in the real world. As product designer I believe that blockchain will bring positive changes in the design process and product - service "story-telling". There is a before and after with blockchain regarding several fields like sustainability, ethics, labour, fair trade, Best! - Marcio 12 months ago
Hi Antony Welfare How the final consumer will visualize the blockchain? It is not clear for me, best! - Marcio 12 months ago
Blockchains create decentralized networks that allow participants in the system to exchange data relatively seamlessly from anywhere - Jatindranath 11 months ago
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As product designer I believe that blockchain will bring positive changes in the design process and product - service "story-telling". There is a before and after with blockchain regarding several fields like sustainability, ethics, labour, fair trade, and is just the beginning of this technology. It will dramatically increase as Antony Welfare mentioned efficiency, costs and processes. Besides it will bring clarity to the fields of sustainable design, ethical design and social impact design, because any information, data now can be tracked and confirmed. It totally changes the design process if at the very beginning (client brief and concepts) the designer projects sustainable, ethical product and services already knowing and understanding the blockchain mechanics and how to insert in the whole design chain (from concepts to reverse logistics). It is clear that the impact will be in the field of product design, industrial design and services design more than graphic design or digital design. Best!

Marcio Dupont
12 months ago
Blockchain solutions constitute the rare innovation that could provide both profits and social purpose. Regulators, social enterprises, and civil society organizations are poised to harness the transparency and accountability available through blockchain-based tools to help solve supply chain problems including dangerous labor conditions and environmentally destructive practices. - Jatindranath 11 months ago
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Block chain is the Technology in  the New Internet  allowing digital information to be distributed but not copied,  created the backbone of a new type of internet. Originally devised for the digital currency, Bit coin that  tech community has now found other potential uses for the technology, by  the block chain technology properties are  made so unique. 

Jatindranath Das
12 months ago
Blockchain is not a one-size-fits-all solution to the challenges of supply chain transparency, but it provides a key piece of the puzzle. Ethically-minded solutions could lead to greater accountability and responsibility around human rights and environmental impact, such as monitoring factory working conditions for modern day slavery or measuring diesel pollution of trucks at shipping ports. - Jatindranath 11 months ago
Jatindranath Das, it is well known that blockchain used for cryptocurrencies uses huge amounts of energy trying to compute the next unknown block in the chain. However, for a blockchain where the goal is to produce an audit trail that tracks a product through the manufacturing process or to track food from field to retail grocer, does writing the next block still take huge amounts of energy? - Alex 2 months ago
One common approach to improving supply chain execution is to verify transactions through audits. Auditing is necessary for ensuring compliance with contracts, but it’s of limited help in improving decision-making to address operational deficiencies. Consider the problem a food company faces when its products reach the end of their shelf life in a retail store. - Jatindranath 2 months ago

Have some input?