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BLOCKCHAIN AND ITS IMPACT ON THE SUPPLY CHAIN

Traditional supply chains can be complex. But they are still very______linear.

Seller
Manufacturer
Carrier
Government
Distributor
Buyer
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mfg.png
del truck.png
customs.png
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seller.png
Purchase Order

Issues associated with traditional supply chains

  • Dozens, if not hundreds of touch-points

  • Lack of traceability

  • Risks involved with multiple stakeholders

  • Lack of responsiveness

  • Largely manual processes

  • Regulatory compliance requirements

  • Reconciliation burden

Blockchain is a distributed, or decentralized, ledger - a digital system for recording transactions among multiple parties in a verifiable , tamperproof way. The Blockchain Supply Chain shares information differently.

Seller
sell.png
Carrier
Manufacturer
mfg.png
del truck.png
Government
customs.png
Distributor
conv_edited.png
Buyer
seller.png
Purchase Order
Sales Order
Waybill
Customs
Inventory
Payment
Purchase Order
Sales Order
Waybill
Customs
Inventory
Payment
Purchase Order
Sales Order
Waybill
Customs
Inventory
Payment
Purchase Order
Sales Order
Waybill
Customs
Inventory
Payment
Purchase Order
Sales Order
Waybill
Customs
Inventory
Payment
Purchase Order
Sales Order
Waybill
Customs
Inventory
Payment

SHARED LEDGER

BENEFITS OF BLOCKCHAIN

  • Addresses audit trail for all transactions

  • Near real time

  • Digitized, automation

  • Tamperproof data that is easily verified

  • Single shared source of data

  • Improves coordination between partners

  • Increased transparency

  • Reduces risk

  • Ensuring authenticity and reducing counterfeits. Brand integrity

  • Mitigates against costly and potential reputation-damaging mass recall of products

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