#supply-chain

Why Industry Leaders Should Leverage #blockchain to Bring #energy Forward
▻https://hackernoon.com/why-industry-leaders-should-leverage-blockchain-to-bring-energy-forward-

https://cdn-images-1.medium.com/max/820/1*icJLF7fDyw1ayBiKEn8cbw.jpeg

Energy BlockchainA growing number of industries are beginning to embrace disruptive technologies like blockchain and cryptocurrency. Energy companies that commit to this change will benefit from a enhanced efficiency and transparency.In our current climate, blockchain goes hand in hand with disruptive tech companies and solutions like cryptocurrency. However, we’re seeing a number of other industries — specifically those that are slow to evolve — integrate this technology into their operations.Leading energy traders and banks recently launched a new digital platform in which blockchain facilitates crude oil trading, with more energy-specific use cases possibly on the horizon. While technological advances in this sector aren’t rare, the industry’s largest players typically anchor their (...)

#supply-chain #blockchain-technology #commodities

Beating Amazon with #blockchain
▻https://hackernoon.com/beating-amazon-with-blockchain-f46fa240c3e8?source=rss----3a8144eabfe3--

https://cdn-images-1.medium.com/max/1024/1*g6nWjM33T5m4zt6N0tkUvA.jpeg

…and a shared Supply Chain and an #ecommerce SystemDr. Drew MillerManaging Director, Blockchain Business Consultantsdrmiller@bchainconsult.comAn article, “The Shrinking Middle Class: How We Got Here, And Why” in the December 2018 issue of Fortune magazine reported how many urban neighborhoods have no small stores left, and residents must travel miles to get groceries.[i] Walmart decimated small retailers, and Amazon is now finishing the job. Mega retailers also raise competitive barriers for small manufacturers and shape an economy favoring mega firms, not small town, neighborhood businesses. Great for the richest family in the world, the Walton heirs, and the richest man in the world, Amazon’s Jeff Bezos, but not the rest of us. Tech giants like Amazon don’t just abuse small manufacturers (...)

#cryptocurrency #supply-chain #internet

Retail Giants like #walmart, #carrefour and Auchan Adopting #blockchain #technology
▻https://hackernoon.com/retail-giants-like-walmart-carrefour-and-auchan-adopting-blockchain-tech

https://cdn-images-1.medium.com/max/605/1*Lhg-FrXfTY4jDuXqqPeN1Q.png

Large retailers putting groceries on the blockchain to optimize their supply chainWhen going to the supermarket, do you ever wonder where those products you put in your trolley come from? I live in a first world country where one usually assumes all products come from honest farmers and factories.Lately, however, more and more stories surface of animals in slaughterhouses that are being treated horribly, before they are brutally killed and their meat is shipped off to meat factories for further processing. Do we actually know what type of pesticides farmers use? Are those harmful to us, human beings?Over the years, various food scandals made headlines, ranging from 700,000 contaminated eggs that flooded the supermarket shelves to a deadly milk contamination scandal in China, which (...)

#supply-chain

#blockchain, Human Rights, and the Supply Chain
▻https://hackernoon.com/blockchain-human-rights-and-the-supply-chain-e58578adf267?source=rss----

By: Laura Marissa CullellSenior Blockchain ConsultantHow much do you know about the products you use or buy on a regular basis? Or where your cell phone parts come from? What about the people who made them? Or What materials were used and wasted?The journey of a product is long and vast, and goes through several distributors, third parties, storage facilities, suppliers that handle anything from design, to sales, and productions. A product passes through so many different stages, and hands before making it onto store shelves. It’s incredibly difficult to truly track all of it properly, especially when corporate interests are at stake.This article will look at the current landscape of the supply chain and explore the benefits of blockchain technology. We will see how the benefits of (...)

#blockchain-technology #sdgs #human-rights #supply-chain

#blockchain + #iot for Supply Chain
▻https://hackernoon.com/blockchain-iot-for-supply-chain-1b07d4afd614?source=rss----3a8144eabfe3-

https://cdn-images-1.medium.com/max/960/1*lzmIIXxQvPCtHrTsDD3MTA.png

Supply Chain Management (SCM) is becoming a chaotic mess as each day passes because the present #technology used under the hood is obsolete now.There still is a lot of manual work involved which costs a lot of time and money. For instance, presently it takes days for payments to get through end-to-end. And this manual work, in a way, is futile in nature because there is barely any trust among different stakeholders.Each stakeholder manages their own ledger in a centralised fashion which makes things hazier than they should be. The contractual information involved has to be managed by involving a third party like a lawyer or banker. So, it’s clearly a lot of headaches to manage a supply chain. Especially when the world is advancing towards more and more globalisation.Source: (...)

#supply-chain #bitcoin

Ensuring Food Quality with #blockchain
▻https://hackernoon.com/ensuring-food-quality-with-blockchain-ab87bed0d22f?source=rss----3a8144e

https://cdn-images-1.medium.com/max/1024/1*vjyfUQsonW8aE2KDXCemKA.jpeg

sourceWe buy groceries on a weekly basis from stores near our home. We often prefer buying from popular superstores than small shops. This happens because we trust the bigger established brands more than the new entrants in the market.The bias is logically flawed because none of the stores manufactures what it sells. They just purchase it from the distributors, add the price tag and sell it. We cannot be certain that the stock we buy is unadulterated. It is unfortunate that sometimes there is no check for the food being expired.For example, few days ago I had purchased “Frozen Chicken Wings” from a famous store near my apartment. Upon taking a bite (after microwaving it), the meat was sticky. I had to throw the whole dish. I should consider myself really lucky that the food did not damage (...)

#supply-chain #quality-food #marketplaces #game-theory

OpenText: Convergence of #blockchain, #iot & AI will lay out the path for supply chain autonomy
▻https://hackernoon.com/opentext-convergence-of-blockchain-iot-ai-will-lay-out-the-path-for-supp

https://cdn-images-1.medium.com/max/595/0*4maih5R-CYU0K8UN.jpg

Author: HuixianThere is a big loophole in the current state of supply chain management — the infrastructure is fragmented into offline and online components. As a result, this has led to misplacement of product and mismanagement of inventory; the supply chain management system is neither a single entity nor transparent.There are various nodes in the supply chain:Sources of the raw materialsMaterials in processFinished goodsDistribution network to deliver the finished goodsOut of these four primary nodes, the supply chain passes through millions of people along the way from harvesting the resource, distribution of the products and shelving the products for sales. When there are defects in a product, it becomes difficult for the manufacturer to trace the root of the problem. Another issue (...)

#supply-chain #supply-chain-autonomy #artificial-intelligence

#blockchain Remodeling Supply Chain
▻https://hackernoon.com/blockchain-remodeling-supply-chain-58d9ee6093a8?source=rss----3a8144eabf

https://cdn-images-1.medium.com/max/1000/0*sLCZ2XVZqSKIXz-J.jpg

A deep technical insight to this processIn a global economy, everything is negotiated, traded and recorded in silos. Every #enterprise has their softwares, databases, and systems to validate, record and retrieve information. They use primitive technology for communication with outside parties, like emails, excel sheets, invoices, and POs. Those third parties also use manual teams to again digitize them in own systems for using that information.Potential Problems Due to this Model:A considerable amount is unstructured and unactionable in communicationLost in TranslationChances of Skipping interactionManual digitization by all parties after receiving copiesByzantine General Problem (No trust of information)Email/Interactions don’t become generally enforceable law.Expected time of Delivery (...)

#supply-chain #future-of-supply-chain #rfid

The Need for Supply Chain Blockchains
▻https://hackernoon.com/the-need-for-supply-chain-blockchains-387e3e10be74?source=rss----3a8144e

Last week, Reuters broke the story that Johnson & Johnson’s Baby Powder product has previously shown traces of asbestos.Although J&J strongly denied knowing it, stocks went into freefall, losing around 10% overnight. Finance journals are warning investors against buying the dip, given the risks of long-term reputational damage.It’s a fair assessment given that Baby Powder is one of J&J’s flagship products, trusted by parents worldwide. Asbestos is a fibrous carcinogenic mineral and a known public health hazard. Industrial exposure to asbestos has resulted in millions developing deadly cancers, and in turn, millions of lawsuits.The Supply Chain Transparency ProblemAnother example is where food manufacturers tried to dilute the global supply of honey with other, cheaper sugary (...)

#blockchain #bitcoin #cryptocurrency #blockchain-supply-chain #supply-chain-blockchain

#blockchain In Supply Chain — Every Story Needs a Hero
▻https://hackernoon.com/blockchain-in-supply-chain-every-story-needs-a-hero-ac858ff02ca3?source=

https://cdn-images-1.medium.com/max/1024/1*oRUsjY0iizMyIwyx8GpSeQ.jpeg

Blockchain In Supply Chain — Every Story Needs a HeroWhen the average person thinks of supply chain and logistics, they think complex work flows of operations that propel a product or service from point A to point B. When the average person thinks of blockchain, well, they really have no clue what to think other than Bitcoin or Ethereum. Anyone who has even the slightest inclination of what these two entails will ask, “How does blockchain fit in the picture and how does it improve supply chain?”. Before we can dive into answering these questions, we will cover 1. What makes efficient supply chain management, and 2. Describing what blockchain is and it’s benefactors.Supply-less Solutions Need Hero’s — Efficient Supply Chain Management.Everything Matters, and that’s ImportantAnyone involved in the (...)

#transportation #blockchain-supply-chain #automation #supply-chain

Babies, Supply Chains & Blockchains
▻https://hackernoon.com/babies-supply-chains-blockchains-c36edea5c469?source=rss----3a8144eabfe3

https://cdn-images-1.medium.com/max/500/1*eBsz3B1hC7-4Gl17fcFJMQ.jpeg

An infant being administered a VaccineIt was a Friday night, 20th July & Zhi Ruo world came crashing down. She was alerted to an article that was spreading like wild fire on Weibo by her friend. Her friend made sure that she read the article immediately by calling her mobile & asking her to check the article right away. She didn’t give any more details.As she opened the link, her heart sank. She became increasingly numb as she read each word. ‘Please!’ She kept murmuring. ‘Not my child! Please! No!’ as she recalls the horror that unfolded in her life over the past week.A Chinese vaccination manufacturer, Changsheng Biotechnology, was fined on July 20th 2018 for producing 252,000 defective vaccines for infants.She began to frantically search her daughter’s medical records. As she (...)

#public-health #crypto #blockchain #transparency #supply-chain

#blockchain in Supply and #logistics
▻https://hackernoon.com/blockchain-in-supply-and-logistics-2a240e69c522?source=rss----3a8144eabf

https://cdn-images-1.medium.com/max/1024/1*bqUR4cNg2RF6ihcFen8uaw.jpeg

Supply chains are riven with inefficiencies and problems. Blockchain can help — and the first applications are already being trialled.With the increasing globalisation and complexity of manufacturing processes, supply chains have also become correspondingly more complicated. The average electronics product you buy at a retail outlet, for example, is the result of many, many different steps that have taken place at different locations across the world as raw materials are sourced, processed, and made into components that are themselves sold and shipped to provide the basic parts for more intricate items. The failure of any one of the stages in the supply chain — or perhaps ‘supply tree’ might be a more apt description — means costly delays for the final product. Conventional systems aren’t good (...)

#supply-chain

E-commerce supply chains and the #blockchain
▻https://hackernoon.com/e-commerce-supply-chains-and-the-blockchain-ad6634c57a5f?source=rss----3

https://cdn-images-1.medium.com/max/1024/1*27sNl4dfwJH9QcoE0qvqeQ.png

Decentralised technologies have a range of value propositions for online merchants. Chief amongst these is the integrity of the supply chain — something that conventional solutions are poor at maintaining.Blockchain technology has, to date, been limited to two major applications. The first is online currency: the peer-to-peer transfer of value pioneered by bitcoin. Many subsequent protocols have modified and improved bitcoin’s technology, but one way or another, digital cash is currently blockchain’s chief use case. This functionality of peer-to-peer value transfer has been leveraged by the second major application, the ICOs or decentralised crowdfunding that have emerged over the past five years and which came to global prominence in 2017.But blockchain offers far more than the ability to (...)

#delivery-software #supply-chain-management #supply-chain #e-commerce-business